The Securities and Exchange Commission announced today that on Oct. 29, 2008, at 9 a.m. ET, it will host the first of two roundtables on “mark-to-market” accounting and current market conditions.
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The Securities and Exchange Commission and the Financial Industry Regulatory Authority (FINRA) today announced that the second annual CCOutreach BD National Seminar will be held on March 10, 2009, in Washington, D.C. The seminar helps provide a forum for discussion on effective compliance practices and timely compliance issues in ever-changing markets.
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The Securities and Exchange Commission today announced the selection of Dr. Amy Edwards as Assistant Chief Economist for Markets and Intermediaries in the agency’s Office of Economic Analysis.
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The Securities and Exchange Commission today charged two former senior executives at Duane Reade with fraud for orchestrating multi-million dollar accounting schemes that caused the company to inflate its reported earnings and overstate its net income. Duane Reade is the operator of the largest chain of drug stores in the New York Metropolitan area.
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The Securities and Exchange Commission today charged San Francisco investment adviser MedCap Management & Research LLC (MMR) and its principal Charles Frederick Toney, Jr. with reporting misleading results to hedge fund investors by engaging in a practice known as “portfolio pumping.”
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The Securities and Exchange Commission’s Division of Enforcement today announced a preliminary settlement in principle with Banc of America Securities LLC and Banc of America Investment Services, Inc. (collectively, Bank of America) that would provide 5,500 individual investors, small businesses, and small charities the opportunity to sell back to Bank of America up to $4.7 billion in auction rate securities (ARS) they purchased before the ARS market collapsed in February 2008.
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The Securities and Exchange Commission’s Division of Enforcement today announced a preliminary settlement in principle with RBC Capital Markets Corp. (RBC) that would provide individual investors, small businesses, small nonprofits, charities and religious organizations the opportunity to sell back to RBC all of the auction rate securities (ARS) they purchased from RBC before the ARS market collapsed in February 2008.
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The Securities and Exchange Commission announced today that James L. Eastman has been named Chief Counsel and Associate Director in the Division of Trading and Markets.
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The Securities and Exchange Commission today announced the agenda for Wednesday’s roundtable on providing more transparency to investors that will include discussion of lessons from the current credit crisis.
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The Securities and Exchange Commission today announced additional details on the process and initial steps that the SEC has undertaken to conduct a study on “mark-to-market” accounting, as authorized by Sec. 133 of the Emergency Economic Stabilization Act of 2008, signed into law by President Bush last Friday.
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