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THURSDAY, NOVEMBER 26, 2009
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NEWS ABOUT: SEC

SEC stories: 180 news summaries

61 - 80 of 180 Stories | << Prev 1 2 3 4 5 6 7 8 9 Next >>

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(Newser) - Prosecutors are fuming after Bernard Madoff mailed more than $1 million in jewelry to his sons on Christmas Eve, the New York Post reports. The Ponzi schemer was dragged into court today but left under house arrest pending written arguments. Madoff's bail agreement allows such a gift, but an... More »

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fraud • SEC • bail • probe • Ponzi scheme • jewelry • prosecutors • Bernard Madoff

SEC Probed Madoff 8 Times, Came Up Empty

Congress questions
watchdog's ability to
keep up with fraud

Jan 5, 09 4:38 AM CST
(Newser) - Congress begins a probe today into why federal regulators who examined Bernie Madoff's investments eight times in 16 years failed to sniff out his decades-long $50 billion Ponzi scheme. Among those in the hot seat is Barack Obama's appointee for SEC chair. Mary Schapiro was involved in several of the... More »

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Congress • Wall Street • SEC • Ponzi scheme • President Obama • Bernard Madoff

ANALYSIS

Battle Over Regulation Looms in '09

Some worry Obama won't do enough to rein in derivatives market

Dec 25, 08 9:24 AM CST
(Newser) - After the economic meltdown of 2008, the coming year will see a battle over one of the most politically contentious issues in finance: the regulation of derivatives markets. Some who opposed government oversight before now acknowledge the need for tighter controls. But they face an uphill battle, reports Newsweek, against... More »

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Alan Greenspan • SEC • oversight • derivatives market • regulation • SEC commissioners • Robert Rubin • auction-rate securities • Obama administration • financial crisis

Interview

SEC Chair:
At Least
I Didn't Panic

Cox defends record; failure to nab Madoff an 'inexplicable asterisk'

Dec 24, 08 8:56 AM CST
(Newser) - Christopher Cox is proud that he’s done next to nothing in the face of the financial meltdown. “What we have done is stay calm, which has been our greatest contribution,” he told the Washington Post, contrasting that with the Fed and Treasury’s frantic machinations. Yes,... More »

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SEC • Christopher Cox • regulation • bank regulation • financial crisis • Bernard Madoff

Connecticut Firm Helped Madoff Go Global

Fairfield Greenwich says it didn't know about improper dealings, had $7.5B invested

Dec 19, 08 1:24 PM CST
(Newser) - As Bernard Madoff’s financial network comes under scrutiny, one investment fund is emerging as an especially close partner, the Wall Street Journal reports. Fairfield Greenwich had $7.5 billion invested with Madoff, more than half the group’s total assets as of Nov. 1. There’s no evidence Fairfield... More »

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fraud • SEC • Ponzi scheme • Bernard Madoff • Fairfield Greenwich Group

SEC: Ex-Lehman Broker
Stole Inside Info From Wife

$4.8m conspiracy earned cash, luxe rewards

Dec 19, 08 7:54 AM CST
(Newser) - A former Lehman Brothers broker was charged yesterday in a $4.8 million insider trading scheme built on his PR-exec wife’s knowledge of upcoming mergers, the AP reports. Matthew Devlin passed information to friends and associates (including former Playboy model Maria Checa), and won cash, luxury goods, and tuition... More »

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insider trading • SEC • conspiracy • Lehman Brothers • public relations • securities fraud

 Obama Taps 
 Schapiro as 
 SEC Chair 

Schapiro brings a wealth of experience to her new position

Dec 18, 08 12:32 PM CST
(Newser) - Barack Obama named Mary Schapiro as chair of the beleaguered SEC today, the Wall Street Journal reports. Schapiro's hefty resume includes stints as an SEC commissioner under former presidents Reagan and Bush, and another as acting commissioner in 1993 by Bill Clinton. Since then, Schapiro served on and eventually headed... More »

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SEC • Ronald Reagan • George HW Bush • mortgage backed securities • NYSE Euronext • securities fraud • financial crisis • President Obama • Mary Schapiro

 SEC Had Dirt on Madoff in '06 

But, obviously, didn't pursue it

Dec 18, 08 11:37 AM CST
(Newser) - The SEC knew that Bernie Madoff was misleading them about how he was handling his customers' money in 2006, the Wall Street Journal reports, and noted multiple violations which, if investigated, would have laid bare his Ponzi scheme. Instead, Madoff’s firm was told to register as an investment... More »

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investigation • fraud • SEC • Ponzi scheme • Bernard Madoff

Obama Picks First Woman
to Lead SEC

Veteran regulator
Mary Schapiro will
take over agency

Dec 17, 08 5:56 PM CST
(Newser) - Barack Obama has made his pick for a new leader of the SEC, currently under siege for its failure to detect the massive fraud of Bernard Madoff, the Wall Street Journal reports. Obama is expected to announce tomorrow that Mary Schapiro—a former commissioner of the Securities and Exchange Commission—... More »

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SEC • President Obama • Obama Cabinet • Mary Schapiro

 Mukasey 
 Steps Off 
 Madoff Case 

Rogue financier, meanwhile, placed under house arrest

Dec 17, 08 1:26 PM CST
(Newser) - Attorney General Michael Mukasey is recusing himself from the Bernard Madoff investigation because his son is representing an employee involved with the fraud case, Bloomberg reports. Mukasey also graduated from an Orthodox Jewish school where Madoff’s wife has taught and which placed $6 million in the fraudulent scheme. A... More »

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Congress • SEC • house arrest • Michael Mukasey • Ponzi scheme • financial crisis • Bernard Madoff

Ex SEC Official's Marriage to Madoff Niece Investigated

Fraudster bragged of family ties to SEC

Dec 17, 08 5:15 AM CST
(Newser) - An SEC official dated and later married the niece of confessed fraudster Bernard Madoff, and the agency is investigating the link, reports the Wall Street Journal. Eric Swanson, an SEC director of compliance who left the agency, married Shana Madoff, a compliance lawyer at Madoff's firm, last year, but began... More »

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

SEC Chief
Says His Staff Ignored Madoff Warnings

Cox calls actions 'deeply troubling'

Dec 16, 08 7:51 PM CST
(Newser) - SEC chief Christopher Cox blasted his own agency's failure to detect Bernard Madoff's massive investment-fraud scheme, the Wall Street Journal reports. Cox called it "deeply troubling" that SEC investigators had ignored "credible and specific allegations" dating back to at least 1999. He called on the SEC's inspector general... More »

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Wall Street • SEC • Christopher Cox • Ponzi scheme • defrauding investors • Bernard Madoff

SEC Under Fire for Flubbing Madoff Warnings

Judge liquidates confessed fraudster's investment firm

Dec 16, 08 10:09 AM CST
(Newser) - The SEC is coming under fire for failing to spot what may be the biggest securities fraud in history, the Washington Post reports. The regulator received repeated warnings from 1999 onwards that Bernard Madoff's investment fund was fishy, but failed to conduct even a routine examination until Madoff blew the... More »

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SEC • hedge fund • Ponzi scheme • auditor • securities fraud • defrauding investors • Bernard Madoff

More Banks, Celebs Losers
in Madoff Scam

BNP Paribas, RBS join charities of Spielberg, Wiesel as Ponzi victims

Dec 15, 08 10:20 AM CST
(Newser) - Bernard Madoff’s alleged Ponzi scheme, which federal investigators say cost investors $50 billion, continues to claim more victims, reports the Wall Street Journal. Spain’s Grupo Santander and France’s BNP Paribas said yesterday they’re on the list, as are charities involving Nobel laureate Elie Wiesel and director... More »

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Steven Spielberg • Royal Bank of Scotland • UBS • SEC • BNP Paribas • HSBC • Banco Santander • Ponzi scheme • securities fraud • Mortimer Zuckerman • Nomura Holdings • Frank Lautenberg • Bernard Madoff • Elie Wiesel

 Red Flags Didn't Stop 
 Colossal Madoff Fraud 

Steady returns, tiny auditors prompted questions

Dec 13, 08 10:58 AM CST
(Newser) - Bernard Madoff's investment operation—found this week to be a massive Ponzi scheme that lost as much as $50 billion—raised plenty of red flags over the last decade, the Wall Street Journal reports. As far back as 1999, Madoff’s steady returns in wide-ranging markets seemed unrealistic to some... More »

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Wall Street • SEC • hedge fund • Ponzi scheme • auditor • securities fraud • defrauding investors • Bernard Madoff

Top Broker Collared for Running $50B Ponzi Scheme

FBI arrests Bernard Madoff; SEC on trail

Dec 11, 08 8:28 PM CST
(Newser) - The FBI has arrested a giant among Wall Street brokers and charged him with bilking his investors of up to $50 billion, the Wall Street Journal reports. Federal agents busted Bernard L. Madoff, a former NASDAQ chaiman, after he admitted to employees that his investment advisory business was a "... More »

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Wall Street • FBI • NASDAQ • corruption • SEC • Ponzi scheme • defrauding investors • Bernard Madoff

 In Football, the South 
 Rises Again 

Nothing tops college football in the South

Dec 5, 08 7:03 PM CST
(Newser) - With Alabama and Florida getting set to play for what is likely to be a national championship berth tomorrow, the Wall Street Journal looks into what has been giving the juggernaut Southeastern Conference its recent momentum. It's not just great coaching—although that helps—but a combination of culture, politics,... More »

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NCAA • NCAA football • SEC • Southeastern Conference

Mark Cuban Hit With
Insider-Trading Charges 

Owner of NBA's Dallas Mavericks accused in 2004 stock sale

Nov 17, 08 12:47 PM CST
(Newser) - Dallas Mavericks owner Mark Cuban was charged today with insider trading, the Dallas Morning News reports. The government alleges that, in 2004, Cuban spoke with the CEO of a company in which he held shares, and was told, confidentially, of a new stock offering that would dilute the value of... More »

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NBA • stock market • Mark Cuban • Dallas Mavericks • insider trading • SEC • civil lawsuits • investor

 $148M Loss Bites Into Crocs 

Demand for colorful clogs tanks

Nov 13, 08 3:02 AM CST
(Newser) - Crocs, the maker of hugely popular colorful plastic clogs, suffered a $148 million third quarter loss on a 32% drop in demand in Europe and the US. The Colorado-based company has shuttered a factory in Canada, will close another in Brazil next month, and has amassed extensive unsold inventory, reports... More »

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Microsoft • Bill Gates • layoffs • Crocs • SEC • losses • financial crisis • inventory

 Las Vegas Sands 
 Nears Bankruptcy 

Chips are down for gaming giant  

Nov 7, 08 4:11 AM CST
(Newser) - Casino giant Las Vegas Sands is on the verge of bankruptcy, reports the Las Vegas Sun. The company, which owns the Venetian and Palazzo casinos in Las Vegas and has several gambling resorts in development around the world, filed paperwork with the federal government yesterday declaring that the Sands’ ratio... More »

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SEC • casino • Las Vegas Sands Corp. • Venetian • financial crisis • Palazzo

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