The Securities and Exchange Commission today announced a whistleblower award payout between $475,000 and $575,000 to a former company officer who reported original, high-quality information about a securities fraud that resulted in an SEC enforcement action with sanctions exceeding $1 million. Officers, directors, trustees, or partners who learn about a …
The Securities and Exchange Commission today announced it has suspended trading in 128 inactive penny stock companies to ensure they don’t become a source for pump-and-dump schemes. The trading suspensions are the latest in a microcap fraud-fighting initiative known as Operation Shell-Expel in which the SEC Enforcement Division’s Office of …
The Securities and Exchange Commission today charged a purported venture capital fund manager in Buffalo, N.Y., with fraudulently using money from three investment funds to pay fictitious returns to investors in a different fund. The SEC obtained an emergency asset freeze to halt the Ponzi-like scheme. The SEC alleges that …
Pursuant to Section 31(j)(2) of the Securities Exchange Act of 1934, the Commission has determined that a mid-year adjustment to the Section 31 fee rate for fiscal year 2015 is not required. These adjustments do not directly affect the amount of funding available to the SEC. The Section 31 fee …
The Securities and Exchange Commission today announced that the next meeting of its Advisory Committee on Small and Emerging Companies will focus on ways to increase the opportunities for investors in small and emerging companies to resell their shares, a concept referred to as secondary market liquidity. “Secondary market …
Securities and Exchange Commission Chair Mary Jo White hosted a meeting this morning with European Union Financial Services Commissioner Jonathan Hill. Chair White and Commissioner Hill discussed the importance of international cooperation in regulating global financial markets and a variety of other topics of mutual interest, including market structure, asset …
The Securities and Exchange Commission today announced that Karen L. Martinez, Regional Director of the Salt Lake office, is leaving the agency and retiring this summer. Ms. Martinez joined the SEC’s Salt Lake office staff in 2002 as Trial Counsel, and she began supervising the office’s enforcement program in 2010 …
After researching several workflows, directors John Requa and Glenn Ficarra decided to edit “Focus” — a major new Warner Bros. film starring Will Smith — entirely in Final Cut Pro X. The results were even better than they’d expected. Final Cut Pro X helped them deliver the movie on time …
The Securities and Exchange Commission today charged Goodyear Tire & Rubber Company with violating the Foreign Corrupt Practices Act (FCPA) when its subsidiaries paid bribes to land tire sales in Kenya and Angola. Goodyear agreed to pay more than $16 million to settle the SEC’s charges. According to the SEC’s …
Сегодня, 23 февраля, в Украине завершился тендер на покупку лицензий 3G связи. Три ведущих мобильных оператора Украины «Киевстар», «МТС Украина» и «Астелит» (ТМ life:)) участвовали в торгах. По итогам, первый лот отошел оператору life:). Вторая лицензия досталась «МТС Украина», а третья, соответственно, «Киевстар». Это значит, что украинцы с большим опозданием, …
Компания Youtube выпускает новое приложение для детей Youtube Kids, которое будет работать на смартфонах и планшетах. С 23 февраля бесплатное приложение будет доступно для скачивания. Оно сделано в доступном для ребенка дизайне, с крупными иконками, минимальным режимом прокрутки. Также предусмотрена функция «родительского контроля», например, установка таймера – ограничителя времени работы …
The Securities and Exchange Commission today announced insider trading charges against a former Fortune 500 company executive and his brother-in-law whom he allegedly tipped with nonpublic information ahead of the company’s merger. The SEC alleges that while serving as vice president of construction operations at Baton Rouge-based The Shaw Group, …
The Securities and Exchange Commission today charged a New York City-based brokerage firm and its CEO with fraudulently deceiving other market participants while conducting auctions to liquidate collateralized debt obligations (CDOs). An SEC investigation found that VCAP Securities and Brett Thomas Graham improperly arranged for a third-party broker-dealer to secretly …
The Securities and Exchange Commission today announced fraud charges and an emergency asset freeze against two operators of a Colorado-based pyramid and Ponzi scheme that promises investors extraordinary returns of 700 percent through a purported “triple algorithm” and “3-D matrix.” In a complaint unsealed yesterday afternoon in federal court in …
Ровно десять лет назад три молодых американца основали платформу для обмена видео: на сегодняшний день Youtube- один из лидеров посещаемости в интернете. Днем рождения Youtube считается 14 февраля 2005 года. Именно в этот день интернет-адрес www.youtube.com зарегистрировали. Первое видео, загруженное на портал, уже легендарный клип «Я в зоопарке» (Me at …
The Securities and Exchange Commission today charged a purported hedge fund manager in New York City with stealing money from his investors. The SEC alleges that Moazzam “Mark” Malik falsely claimed to be operating a hedge fund with approximately $100 million in assets under management, and he solicited investors with …
The Securities and Exchange Commission today announced that Pamela C. Dyson has been appointed as the SEC’s Chief Information Officer (CIO) in charge of overseeing the agency’s information technology functions. “Pam has been instrumental in our ongoing efforts to enhance the Commission’s information technology capabilities,” said SEC Chair Mary Jo …
The Securities and Exchange Commission today announced the agenda and panelists for its February 19 roundtable on ways to improve the proxy voting process. The roundtable, announced in January, will begin at 9:30 a.m. and will be divided into two panels. Participants on the first panel will focus on the …
The Securities and Exchange Commission today charged an investment adviser to several alternative mutual funds for maintaining millions of dollars of the funds’ cash collateral at broker-dealer counterparties instead of the funds’ custodial bank. The violations were uncovered during an SEC examination of the firm and the funds it manages. …
The Securities and Exchange Commission today announced that Heather Seidel has been named Chief Counsel for the SEC’s Division of Trading and Markets. Ms. Seidel, an Associate Director in the division’s Office of Market Supervision, will begin her new role immediately. The division’s Office of Chief Counsel provides legal and …
The Securities and Exchange Commission today announced charges against an Atlanta resident accused of insider trading in the stock of a technology company by exploiting nonpublic information he learned from the friend of a company executive. The SEC’s Enforcement Division alleges that Charles L. Hill Jr. made approximately $740,000 in …
The Securities and Exchange Commission today announced that two former CFOs have agreed to return nearly a half-million dollars in bonuses and stock sale profits they received while their Silicon Valley software company was committing accounting fraud. According to the SEC’s order instituting a settled administrative proceeding, William Slater and …
The Securities and Exchange Commission today announced that the former CEO of a global investment services firm’s brokerage subsidiary agreed to pay more than $783,000 and admit wrongdoing to settle a case involving employees under his control misleading customers. The SEC previously charged ConvergEx Group subsidiaries, which paid $107 million …
The Securities and Exchange Commission today announced it has approved the issuance of proposed rules that would enhance corporate disclosure of company hedging policies for directors and employees, as mandated by the Dodd-Frank Wall Street Reform and Consumer Protection Act. The proposal would require disclosure about whether directors, officers and …
Сервис микроблогов Twitter заключил сотрудничество с Google о показе твитов в выдаче поискового сервиса. Уже в первой половине 2015 года записи пользователей Twitter будут отображаться с момента публикации. Благодаря такому партнерству Google получит в свою клиентскую базу более 284 млн пользователей. Таким образом, Twitter увеличит количество пользователей, и получит больше доходов …
Apple has announced financial results for its fiscal 2015 first quarter ended December 27, 2014. The company posted record quarterly revenue of $74.6 billion and record quarterly net profit of $18 billion, or $3.06 per diluted share. These results compare to revenue of $57.6 billion and net profit of $13.1 …