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SEC Votes to Adopt Final Amendments to Rule 105 of Regulation M

The Securities and Exchange Commission voted unanimously on Wednesday, June 20, 2007, to adopt amendments to strengthen Rule 105 of Regulation M.

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David Brown Becomes First Archivist of Securities and Exchange Commission

The Securities and Exchange Commission announced on June 15 that David Brown has become the first Archivist of the agency.

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SEC Distributions to WorldCom Fraud Victims Top Half-Billion Dollar Mark

The Securities and Exchange Commission announced on June 14 that distributions from its Fair Fund to investor victims of the WorldCom, Inc. accounting fraud have surpassed $500 million.

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SEC Conducts Major Securities Market Oversight Training Program in Middle East

The Securities and Exchange Commission announced on June 14 that it has completed a comprehensive Capital Market Development and Oversight Training Program in the Middle East, held in Manama, Bahrain, from June 3-6.

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New "ComplianceAlerts"

To help SEC-registered firms identify deficiencies and improve compliance programs

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SEC Charges Securities Attorneys In Penny Stock Scam

On June 14th the Securities and Exchange Commission filed suit against the principals of a micro-cap technology company as well as two securities lawyers for their role in an illegal "pump and dump" scheme.

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SEC Votes on Regulation SHO Amendments and Proposals, to Eliminate "Tick" Test

The Securities and Exchange Commission voted on June 13 to take additional steps to better safeguard investors and protect the integrity of the markets during short selling transactions by closing loopholes in Regulation SHO and further reducing persistent failures to deliver stock by the end of the standard three-day settlement period for trades.

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SEC Announces Second of Three Disbursements From $267 Million Pilgrim Baxter Fair Fund

The Securities and Exchange Commission announced on June 13 the distribution of $73 million to a second group of investors harmed by fraudulent market timing in the PBHG Funds between June 1998 and December 2001.

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SEC Announces Agenda for June 19th Roundtable on Rule 12b-1

The Securities and Exchange Commission announced on June 12 the panelists and final agenda for the June 19th Roundtable on Rule 12b 1 under the Investment Company Act of 1940.

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SEC Announces Agenda and Panelists for Roundtable on Mutual Recognition

The Securities and Exchange Commission announced on June 8th the final agenda and participants for the upcoming roundtable on mutual recognition scheduled for June 12, 2007.

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SEC Settles With IBM for Misleading Statements Regarding Stock Option Expenses

The Securities and Exchange Commission announced on June 5th a settled enforcement action against International Business Machines Corporation for making materially misleading statements in a chart concerning the impact that the company's decision to expense employee stock options would have on its first quarter 2005 (1Q05) and fiscal year 2005 (FY05) financial results. The misleading chart caused analysts to lower their earnings per share (EPS) estimates for the company.

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SEC Settles With Mercury Interactive and Sues Former Mercury Officers for Stock Option Backdating and Other Fraudulent Conduct

Mercury Agrees To Pay $28 Million Civil Penalty

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