mymoneyblog.com - 4/3/2009
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Well, it was about time. The SEC released a press release yesterday stating that they have frozen the assets of the offshore Millennium Bank and its parent, United Trust of Switzerland S.A.
If you don't recall, Millennium Bank offered certificates of deposit paying insanely high rate north of ...
Not Enough SEC Eyes to Blacken
news.goldseek.com 2/21/2009 — It’s said that everyone’s a financial genius in a bull market. And with all the ordinary geniuses floating around, there must be, then, some of God’s-chosen amongst us specially anointed by the money gods to shepherd the mass souls from poverty.
SEC looks to reassure investors
(Reuters)
news.yahoo.com 2/8/2009 — Reuters - Securities and Exchange Commission officials looked to reassure investors on Friday that they would reinvigorate the agency's policing of Wall Street, improve the quality of credit ratings and said they expect to bring more cases against ...
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, ...
SEC Halts $50 Million Ponzi Scam Targeted at Elderly (Update1)
bloomberg.com 7/28/2009 — July 28 (Bloomberg) -- The U.S. Securities and Exchange Commission said it halted a $50 million Ponzi scheme near Detroit that raised money for a real-estate investment fund and targeted the elderly. A federal judge in Michigan agreed to freeze ...
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 ...
Sir Allen Stanford Fraud Case SEC Charges
richard-wilson.blogspot.com 2/18/2009 — Sir Allen StanfordSir Allen Stanford Fraud Case | SEC Below is a short video on Sir Allen Stanford who was just accused of fraud by the SEC. Below the video please see additional resource on this unfolding case. If you are viewing this article via our daily hedge fund newsletter please click ...
Specialization Key to SEC Enforcement Division Overhaul
securitiesdocket.com 5/5/2009 — by Bruce Carton
In a column last month, I noted the arrival of a new Securities and Exchange Commission enforcement director, Robert Khuzami (pictured below). I suggested that Khuzami had to hit the ground running and discussed the flood of suggestions from within the SEC and from the outside ...
Ponzi: SEC Charges Stanford with $8 billion securities fraud
calculatedriskblog.com 2/17/2009 — From the SEC: SEC Charges R. Allen Stanford, Stanford International Bank for Multi-Billion Dollar Investment Scheme Stanford's companies include Antiguan-based Stanford International Bank (SIB), Houston-based broker-dealer and investment adviser ...
The SEC
blogmaverick.com 11/30/2008 — First let me say that this has nothing to do with me, but given my interest in all things financial and the government during this financial crisis, I read with interest the Office of Inspector General’s Report to Congress regarding the SEC.
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The Government Crackdown on Peer-to-Peer Lending —
The Big Money 3/30/2009
The Internet has spawned many regrettable things, such as dancing babies, sneezing pandas, and Star Trek porn , but peer-to-peer lending isn't one of them. The Web really has created some unique new situations and business opportunities that ...
Who Should Regulate Peer-to-Peer Lending? —
The Big Money 3/31/2009
In response to Hans Eisenbeis's TBM story yesterday on the government crackdown on peer-to-peer lending , Felix Salmon writes: "I think it should be regulated by someone . If not the SEC, then who?"
He has a point. I won't speak for Hans, ...
What’s Up With Spansion? —
BARRONS.com: Tech Trader Daily 3/31/2009
Well, someone has decided to go bottom-fishing today, apparently.
Spansion (SPSN) shares today have jumped 6 cents, or 128%, to 11 cents. The maker of NOR flash memory chips filed Chapter 11 a month ago . On March 23, the company indicated ...
The WSJ Editorial Board Gets It Wrong —
The Big Money 4/1/2009
Last week, I half-seriously outlined The Big Money ’s plans to start a new private equity fund . The conceit was that we, the TBM community, would form our own private equity fund so that we could get in on the toxic asset auctions. Since ...
In Defense of Bank-on-Bank Action —
The Big Money 4/3/2009
Let's flashback to September of 2008, the month our financial quagmire fell from the sky. We had Lehman going bankrupt , AIG melting like the Wicked Witch of Wall St. , Merrill Lynch scurrying for cover under Bank of America's umbrella , Morgan ...
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