The U.S. Securities and Exchange Commission and General Electric today announced that they have reached a settlement of GE paying the SEC $50 million dollars. SEC charged GE with accounting fraud. GE reached the 50 million financial settlement without admitting or denying allegations of any wrongdoing.
Get the full story...
How much information should companies be expected to make public on issues like - say - their CEO’s health? Individual exchanges have their own rules about disclosure.
Get the full story & video...
Stock Loan Traders Paid Phony Finder Fees and Received Kickbacks in Schemes Netting More Than $12 Million in Unlawful Profits
Get the full story...
SEC Charges 4 Additional Former Officers of Nortel Networks Corporation in Financial Fraud Scheme.
Get the full story...
The Securities and Exchange Commission today (July 25) voted unanimously to publish a Concept Release for public comment on allowing U.S. issuers, including investment companies, to prepare their financial statements using International Financial Reporting Standards (IFRS) as published by the International Accounting Standards Board.
Get the full story...
The Securities and Exchange Commission filed on July 24 securities fraud charges against the operators of an Internet-based Ponzi scheme that raised $41.9 million in just four months from more than 20,000 investors worldwide.
Get the full story...
Former MDS Inc. IT Specialist and Spouse Made More Than $1 Million From Stolen Information About MDS's Impending Merger With Molecular Devices
Get the full story...
Executives to Pay $2.3 Million; Ernst & Young Chartered Accountants of Ireland to Pay $725,000
Get the full story...
The Securities and Exchange Commission announced on July 17 that Chester Spatt, Chief Economist and Director of the Office of Economic Analysis (OEA), will leave the agency to return to academia at the end of July.
Get the full story...
Bear Stearns Cos. said Jeffrey B. Lane, a Wall Street veteran and vice chairman of Lehman Brothers Holdings Inc., is taking over Bear Stearns' asset-management unit amid the recent meltdown of two prominent hedge funds, The Wall Street Journal reported Friday.
Get the full story...
The Securities and Exchange Commission filed charges against five former Veritas Software Corp. executives, alleging they helped the company inflate revenue through sham transactions with America Online Inc., now part of Time Warner Inc., The Wall Street Journal reported Tuesday.
Get the full story...