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 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION: Form 8-K
sec.gov 7/24/2009 —

State Street Discloses Receipt of Wells Notice from SEC
securitiesdocket.com 8/10/2009 — In its Form 10-Q filed August 7, 2009, State Street Corp. disclosed that on June 25, 2009, SEC staff sent it a Wells notice related to the SEC’s ongoing investigation into disclosures and management by SSgA of its active fixed-income strategies during 2007 and prior periods. The company ...

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 ...

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: ...

The Rakoff Decision: The SEC Will Be Changed Forever
247wallst.com 9/15/2009 — Federal District Judge Jed S. Rakoff was supposed to a approve a $33 million settlement between the SEC and Bank of America (BAC) over the issue of the financial firm making inaccurate statements regarding Merrill Lynch employee compensation. These ...

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 ...

SpongeTech Discloses SEC Investigation
feedproxy.google.com 9/28/2009 — SpongeTech disclosed in a Form 8-K filed late on Friday that it is being investigated by the SEC for possible securities law violations. In the filing, SpongeTech stated that On September 18, 2009, the Company received a formal order of investigation issued by the SEC regarding possible ...

Financial Statement Manipulation An Ever-Present Problem For Investors — Investopedia.com Headlines 11/2/2009
The SEC has taken steps to eliminate this type of corporate fraud, but it remains a real risk for investors.