securitiesdocket.com - 30 days ago
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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 ...
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 ...
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 ...
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 Files Settled Accounting Fraud Case Against GE
securitiesdocket.com 8/4/2009 — The SEC filed a settled enforcement action against General Electric Co. today alleging that it used improper accounting methods to increase its reported earnings or revenues and avoid reporting negative financial results. GE has agreed to pay a $50 million penalty to settle the SEC’s ...
SEC Heal Thyself: Compliance Program Revamped
securitiesdocket.com 6/9/2009 — The Securities and Exchange Commission just hasn’t had enough bad news recently, so last month the media piled on even more: a probe of insider-trading allegedly going on inside the SEC.
Specifically, the agency’s inspector general has found evidence of “suspicious activity, appearances of ...
On SEC Funding, Congress Must Put Up or Shut Up (or Give Up and Allow Self-Funding)
securitiesdocket.com 8/11/2009 — Back in January, U.S. Rep. Gary Ackerman (D-N.Y.) was recognized to speak at a House sub-committee hearing about the Madoff Ponzi scheme and the need for better regulatory oversight to prevent such fraud. He promptly lashed out at a witness from the Securities and Exchange Commission, stating: ...
SEC Brings Insider Trading Case Against Former CFO of Private Equity Firm
securitiesdocket.com 11/2/2009 — On Friday, the SEC charged the former CFO of a San Francisco private equity firm and six of his relatives and friends with insider trading. The SEC alleged that the defendants collectively made more than $8 million in illicit profits from trades based on inside information.
The SEC alleges ...
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 ...
How the New SEC Enforcement Director Can Help Restore Investor Confidence
securitiesdocket.com 4/14/2009 — by Bruce Carton
Robert Khuzami began his new job as director of the Enforcement Division at the Securities and Exchange Commission on March 30. His arrival marks the first change in leadership for the Enforcement Division since 200
Khuzami joins the SEC from Deutsche Bank AG in New York, ...
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