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THURSDAY, NOVEMBER 26, 2009
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NEWS ABOUT: SEC

SEC stories: 180 news summaries

41 - 60 of 180 Stories | << Prev 1 2 3 4 5 6 7 ... 9 Next >>

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Stanford Spent Millions to Lobby Congress

$8B scammer's island junkets helped push anti-tax agenda

Feb 18, 09 10:39 AM CST
(Newser) - Billionaire R. Allen Stanford has spent millions of dollars in attempting to enlist high-powered Washington officials in his anti-tax efforts, reports the Wall Street Journal. Stanford’s investment companies spent over $5 million on lobbying, $2 million on campaign contributions, and thousands more on flying members of Congress to the... More »

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fraud • SEC • Charles Rangel • Antigua • Ponzi scheme • Virgin Islands • Gregory Meeks • securities fraud • defrauding investors • Stanford Financial Group • Robert Allen Stanford

Lawyer Bolted From Stanford, Sparking $8B SEC Action 

Attorney 'disaffirmed' earlier statements

Feb 18, 09 9:38 AM CST
(Newser) - A Washington attorney who represented R. Allen Stanford’s Antigua-based bank quit his post and recanted testimony to investigators last week, sparking the SEC’s public accusations of “massive, ongoing fraud,” Bloomberg reports. Stanford is suspected of misrepresenting the safety of $8 billion invested with his various financial... More »

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fraud • federal investigation • SEC • Antigua • Ponzi scheme • attorney • Stanford Financial Group • Robert Allen Stanford • regulator

OPINION

Fugitive Financier Has $8B Headstart

SEC has slim chance
of finding Stanford,
missing stash

Feb 18, 09 1:48 AM CST
(Newser) - Financier Robert Allen Stanford is now a fugitive and SEC officials don't look any likelier to get their man than his investors do to get their money back, Felix Salmon writes in Portfolio. Regulators have been sniffing around his operations for long enough to ensure he's got a contingency plan... More »

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fraud • SEC • fugitive • Antigua • Ponzi scheme • securities fraud • defrauding investors • Stanford Financial Group • Robert Allen Stanford

UPDATED

 SEC Accuses 
 Texas Firm of 
 'Massive Fraud' 

$8B missing, bank barring withdrawals from offshore accounts

Feb 17, 09 11:43 AM CST
(Newser) - The SEC today accused Robert Allen Stanford, head honcho of Stanford Financial group, of running a “massive, ongoing fraud,” and roughly 40 policemen and other law enforcement officials raided the group’s Houston headquarters. The group sold $8 billion in certificates of deposit with abnormally high rates of... More »

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fraud • SEC • Antigua • Ponzi scheme • Stanford Financial Group • Robert Allen Stanford

(Newser) - Bernard Madoff has partly settled civil accusations against him, a sign he will focus on fighting criminal charges over an alleged Ponzi scheme, the New York Times reports. Madoff's settlement with the Securities and Exchange Commission stipulates that he will not admit or deny guilt, but cannot dispute SEC charges.... More »

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SEC • Ponzi scheme • Bernard Madoff

(Newser) - Today's testimony from the private fraud investigator in the Bernie Madoff case makes one thing clear, writes business blogger Gary Weiss: The Wall Street Journal blew it. Harry Markopolos said editors of the paper blocked a reporter from investigating the case three years ago. Markopolos didn't know why, but he... More »

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Wall Street Journal • SEC • Ponzi scheme • defrauding investors • Bernard Madoff • recession depression

(Newser) - The fraud investigator who tried for a decade to convince the SEC to investigate Bernie Madoff will deride the board's "financial illiteracy" before a Congressional panel today, according to prepared testimony obtained by the Wall Street Journal. Whistleblower Harry Markopolos will also testify that investigating Madoff "posed great... More »

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investigation • fraud • SEC • Ponzi scheme • whistleblower • Bernard Madoff • Harry Markopolos

ANALYSIS

Inquiry Into Jobs' Health
Puts SEC in New Territory

Agency may set precedent on executive privacy

Jan 30, 09 3:33 PM CST
(Newser) - The Securities and Exchange Commission's inquiry into Apple’s disclosures on Steve Jobs’ health has the agency prying into perhaps the last remaining corner of executive privacy, Bloomberg reports. Securities law requires companies to reveal to shareholders information that could affect share price, but the health of executives has usually... More »

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Steve Jobs • investigation • health • CEO • Apple • SEC • inquiry

Tough Economy Bares
a Slew of 'Mini-Madoffs'

Investors increasingly are becoming wary

Jan 28, 09 7:18 AM CST
(Newser) - Cash-strapped investors looking for redemption from investment funds are turning up surprises in the form of “mini-Madoffs,” Ponzi schemes that—while dwarfed by the alleged $50 billion fraud perpetrated by Bernie Madoff—nevertheless have taken victims for millions, reports the New York Times. At least six frauds with... More »

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SEC • Ponzi scheme • securities fraud • Bernard Madoff • Bernard L. Madoff Investment Securities • recession depression

 Obama Moves Quickly to 
 Overhaul Finance Rules 

Details of plan to emerge by April when prez heads to London summit

Jan 25, 09 6:58 AM CST
(Newser) - The Obama administration aims to quickly beef up regulation of the US financial system to stave off economic implosion, the New York Times reports. Plans include tightening rules on hedge funds, credit rating agencies, and mortgage firms, and keeping a closer watch on financial instruments at the center of the... More »

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SEC • hedge fund • mortgage brokers • regulation • economy • credit rating • financial crisis • credit default swap • President Obama

Madoff Scandal Turns Up Heat on Financial Advisers

Loophole lets Madoff types profit from bad advice, they say

Jan 21, 09 3:53 PM CST
(Newser) - Wall Street advisers and brokers are tussling over the details of a looming regulatory overhaul as Washington takes steps to prevent another Bernard Madoff scandal, Bloomberg reports. Advisers want brokers who counsel clients to be subject to the same oversight they’re under; currently, their brokerage counterparts can profit by... More »

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Wall Street • Merrill Lynch • SEC • oversight • investment • regulation • brokerage • bank regulation • brokers • Obama administration • President Obama • Bernard Madoff • financial adviser

SEC Looking Into Apple's Health Disclosures on Jobs

Non-public inquiry doesn't necessarily indicate wrongdoing

Jan 21, 09 9:55 AM CST
(Newser) - The SEC is taking a long hard look at Apple’s disclosures about Steve Jobs’ health, a source tells Bloomberg. The inquiry isn’t supposed to be public knowledge, and doesn’t indicate that the SEC has seen evidence of wrongdoing. But the agency wants to be sure that Apple... More »

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Steve Jobs • Apple • SEC • financial disclosure

 Madoff Fund Made No Trades 

Records of trades don't match stock prices

Jan 16, 09 2:35 AM CST
(Newser) - The fund run by Wall Street swindler Bernie Madoff apparently did not execute a single trade the entire time it was raking in billions of dollars in investment cash from unsuspecting clients, reports Reuters. Monthly statements of trades from Madoff were pure fiction that kept up appearances in the $50... More »

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Microsoft • SEC • Amgen • Exxon Mobil • Bernard Madoff • Financial Industry Regulatory Authority • Bernard L. Madoff Investment Securities • Rampart Investment Management

 Schapiro Pledges to 
 'Reinvigorate' SEC 

Obama nominee wants better cooperation among agencies in nabbing next Madoff

Jan 15, 09 12:30 PM CST
(Newser) - Mary Schapiro, Barack Obama’s nominee to head the Securities and Exchange Commission, told senators today she would make enforcement a top priority, CNN reports. Her confirmation hearing was also peppered with questions about how Bernard Madoff’s Ponzi scheme slipped past regulators; Schapiro currently heads an industry watchdog group.... More »

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Barack Obama • SEC • Senate confirmation hearings • Ponzi scheme • chairman • President Obama • Bernard Madoff • Mary Schapiro

Critics Question Toughness of Obama's
SEC Pick

Confirmation hearing today for Schapiro

Jan 15, 09 8:09 AM CST
(Newser) - As Mary Schapiro, Barack Obama's nominee to lead the SEC, heads to Capitol Hill to face Senate confirmation hearings today, questions linger about her light touch with big Wall Street firms. A seasoned regulator, Schapiro nevertheless spent much of last year cracking down on small brokerages and minor players, reports... More »

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Barack Obama • SEC • financial crisis • President Obama • Bernard Madoff • Mary Schapiro • NASD

 Obama's SEC 
 Choice Faces 
 Questions 
 on Lawsuits 


Schapiro accused of making misleading statements about regulatory merger

Jan 12, 09 8:04 AM CST
(Newser) - Mary Schapiro, Barack Obama’s choice to lead the Securities and Exchange Commission, has been accused in two lawsuits of making misleading statements to rush through the 2-year-old merger of two regulatory agencies that resulted in a 57% pay hike for herself, the New York Times reports. Schapiro is to... More »

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New York Stock Exchange • SEC • Mary Schapiro • NASD • Financial Industry Regulatory Authority


 Madoff Brother 
 Eyed for Not 
 Reporting Scam 

Fraudster may have confessed to brother  before he told his sons

Jan 10, 09 6:39 AM CST
(Newser) - Bernard Madoff's brother learned that the Madoff fund was a huge scam the evening before the fraudster confessed to his sons, but he failed to inform authorities, insiders tell the New York Times. Peter Madoff, who worked closely with his older brother for decades, has not been charged with any... More »

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private equity • SEC • brother • Ponzi scheme • securities fraud • defrauding investors • Bernard Madoff • Peter Madoff

Untangling Madoff Case Baffles Feds

Investigators struggle with mounds of documents

Jan 9, 09 3:37 PM CST
(Newser) - Federal investigators are struggling to piece together Bernie Madoff’s massive Ponzi scheme almost a month after his arrest for securities fraud, Bloomberg reports. The FBI, SEC, and Manhattan US attorney are amassing piles of data, including transaction records and investors’ monthly statements, to determine who else may have been... More »

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FBI • investors • SEC • Ponzi scheme • securities fraud • Bernard Madoff

Madoff Whistleblower
Shrinks From Spotlight

Tenacious accountant stands to make book, film money, but just wants to move on

Jan 8, 09 12:29 PM CST
(Newser) - Harry Markopolos, the accountant who began warning the feds years ago about Bernard Madoff’s Ponzi scheme, wasn’t looking for the limelight, the Boston Globe reports. Not only is he testifying before Congress—he’s also been deluged by book and movie offers. His is “a remarkably compelling... More »

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fraud • SEC • accountants • Ponzi scheme • whistleblower • Bernard Madoff • Harry Markopolos • forensic accounting

 Jail Ruling Looms 
 After Madoff's Bling Gifts 

Prosecutors charge he violated bail by scattering assets

Jan 6, 09 3:38 AM CST
(Newser) - Accused Wall Street swindler Bernard Madoff is enjoying what could be his last hours of luxury inside his palatial $7 million New York apartment after prosecutors demanded his bail be revoked for sending some $1 million in jewelry to family and friends, Reuters reports. Madoff is due in court Thursday... More »

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Wall Street • NASDAQ • SEC • house arrest • bail • Ponzi scheme • securities fraud • Bernard Madoff • US magistrate

41 - 60 of 180 Stories | << Prev 1 2 3 4 5 6 7 ... 9 Next >>


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