reuters.com - 24 days ago
—
Gina Keating NEW YORK/LOS ANGELES (Reuters) - A federal judge rejected a request by Angelo Mozilo, the former chief executive of mortgage lender Countrywide Financial Corp, to dismiss a U.S. Securities and Exchange Commission lawsuit accusing him of securities fraud and insider trading. In a ...
creditwritedowns.com - 20 days ago
—
creditwritedowns.com —
For those of interested in seeing more robust
and knowledgeable regulators in government service, the recent news...
that Rick Bookstaber is joining the SEC is quite welcome. While I disagree vigorously with much of recent economic policy, I view the ...
(more)
Rick Bookstaber to join SEC
hf-implode.com - 23 days ago
—
hf-implode.com —
" A federal judge ruled that former Countrywide
CEO Angelo Mozilo must face allegations of securities fraud...
and insider trading in court, saying that the quality of loans that the mortgage lender was making would be of material interest to investors."
(more)
Countrywide Ex-CEO Mozilo to Face SEC Charges in Court
securitiesdocket.com - 24 days ago
—
securitiesdocket.com —
The SEC announced today that it has charged
Merge Healthcare Inc. and two former senior executives for...
their roles in an accounting fraud that ultimately caused the company’s stock price to drop by two-thirds during a seven-month period. The SEC alleges that the company’s ...
(more)
SEC Sues Merge Healthcare, Former CEO and CFO, For ...
Comments
Blog Reactions
Opening Bell: 11.05.09
Dealbreaker —
... Bonuses Are Back For Many On Wall Street (WSJ)
A survey by Johnson Associates "projects that the biggest increases in year-end cash bonuses and equity awards will go to employees in rebounding businesses such as fixed income and equities. Those incentive-based payouts likely will surge by as much as 60% from last year, the survey found. In contrast, declines of 15% to 30% are projected at hedge funds, private-equity firms and prime-brokerage operations."
Countrywide ex-CEO Mozilo must face SEC fraud case (Reuters)
Orange's request for a dismissal has been ...
Thursday morning links
The Mess That Greenspan Made —
TOP STORIES Senate extends home-buyer tax credit and jobless aid - LA Times BOE expands money-printing programme to £200bn - Telegraph House votes to accelerate credit card reform rules - USA Today Junk Default Rate Is Highest Since Great Depression - Bloomberg Some Wall Street Year-End Bonuses Could Hit Pre-Downturn Highs - NY Times Countrywide ex-CEO Mozilo must face SEC fraud case - Reuters 'Money-Driven Medicine': How we got this mess - SF Gate Is India clearing the way for gold 'moonshot'? - MarketWatch ...
Related Content
SEC Poised to Charge Mozilo With Fraud
online.wsj.com 5/13/2009 — The Securities and Exchange Commission staff is readying civil fraud charges against Countrywide Financial Corp. co-founder Angelo Mozilo, in what would be the highest-profile government legal action against a chief executive connected to the ...
Report: SEC may charge Angelo Mozilo with fraud
(AP)
news.yahoo.com 5/15/2009 — AP - The staff of the Securities and Exchange Commission has decided to recommend that the agency bring civil fraud charges against Angelo Mozilo, the former chief executive of mortgage lender Countrywide Financial Corp., according to a published ...
WSJ: SEC Staff Issues Wells Notice to Angelo Mozilo
securitiesdocket.com 5/13/2009 — The SEC staff has issued a Wells notice to Angelo Mozilo, the co-founder of Countrywide Financial Corp., advising Mozilo that it intends to recommend that the SEC file civil fraud charges against him, the WSJ reports. The staff reportedly sent Mozilo the Wells notice several weeks ago.
The WSJ ...
Fiscal Year 2009: The SEC’s Year from Hell
securitiesdocket.com 10/14/2009 — For the Securities and Exchange Commission, which operates on a fiscal year that ends every September, Oct. 1, 2009, could not come soon enough. It seems almost beyond dispute that the agency’s fiscal 2009 was the most dismal in its history, and perhaps the most transformational.
Now it ...
Fixing the SEC
ritholtz.com 10/1/2009 — The problems at the SEC were decades in the making.
Essentially the largest prosecutor’s office in the country, they have been undercut at every turn: Their staffing was far too small to handle the jurisdiction (Wall Street and corporate ...
SEC Self-Funding: The Time Has Come
feedproxy.google.com 9/9/2009 — B. Carton
As I argued in this column last month, the Securities and Exchange Commission budget has been well below where it should be for several years. This shortfall has caused the SEC to suffer a 10 percent reduction in staff and a cut of more than 50 percent in its new technology ...
SEC manages to win an insider trading case
ftalphaville.ft.com 4 days ago — What's this? Has the SEC managed to successfully prosecute someone for insider trading?
Looks like it, according to Reuters:
Federal securities regulators won an insider trading case when a jury in Boston ruled that a former Fidelity employee ...
Fixng the SEC
ritholtz.com 9/30/2009 — The problems at the SEC were decades in the making.
Essentially the largest prosecutor’s office in the country, they have been undercut at every turn: Their staffing was far too small to handle the jurisdiction (Wall Street and corporate ...
Follow WallStreetBlips on Twitter
