SEC Announces Panelists, Agenda for August 4 Roundtable on Performance of IFRS, U.S. GAAP During Subprime Crisis
SEC Announces Panelists, Agenda for August 4 Roundtable on Performance of IFRS, U.S. GAAP During Subprime Crisis
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Archive for SEC
SEC Action Halts Tire Recycling Scam
The Securities and Exchange Commission has obtained emergency relief to stop an allegedly fraudulent scheme that raised over $7.2 million from investors who were told the money would be used in a business shredding and recycling used tires. However, as alleged in the SEC’s complaint, the tire shredding equipment did not work, there was no reasonable basis for Merklinger’s income and return figures, and the investors never received a dime from their investment.
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Troy Paredes Sworn In as SEC Commissioner
Troy A. Paredes was sworn in this afternoon as a Commissioner of the Securities and Exchange Commission by SEC Chairman Christopher Cox during a ceremony at the SEC’s Washington D.C. headquarters.
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SEC Advisory Committee Makes Recommendations to Improve Financial Reporting for Investors
Securities and Exchange Commission Chairman Christopher Cox today received the final report of an SEC advisory committee containing 25 recommendations to make financial information more useful and understandable to investors.
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SEC Charges Ann Arbor-Based Company and Former Executive in Accounting Fraud Scheme
The Securities and Exchange Commission today charged an Ann Arbor, Mich.-based company and a former executive in an accounting fraud scheme that ultimately cost the company more than $437 million in market capitalization and caused its stock price to drop by more than half its value during a two-month period in early 2006.
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SEC, MSRB Propose “Giant Step Forward” for Municipal Bond Investors
The Securities and Exchange Commission today voted unanimously to propose measures that would for the first time enable investors to easily access complete financial information about municipal bonds for free on the Internet.
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SEC Announces Insider Trading Charges Against Former Chairman and CEO of Enron Energy Services
The Securities and Exchange Commission today charged Lou L. Pai, the former chairman and chief executive officer of Enron Energy Services (EES), a division of Enron Corp., with illegally selling hundreds of thousands of shares of Enron stock in May and June 2001 on the basis of material nonpublic information.
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SEC Alerts Compliance Officers About Deficiencies and Weaknesses Found During Recent Compliance Examinations
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SEC Announces August 4 Roundtable on Performance of IFRS and U.S. GAAP During Subprime Crisis
The Securities and Exchange Commission announced today that it will host a roundtable on Monday, August 4 to analyze the performance of International Financial Reporting Standards (IFRS) and U.S. Generally Accepted Accounting Principles (U.S. GAAP) during the recent period of market turmoil.
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SEC Proposes Guidance for Fund Boards in Oversight of Investment Adviser Trading of Portfolio Securities, Use of Soft Dollars
The Securities and Exchange Commission today voted unanimously to provide guidance to the boards of directors at investment companies about their investor protection responsibilities in overseeing investment advisers who trade fund portfolio securities and use so-called “soft dollars.”
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