Quebecor World's U.S. and Canadian Plans of Reorganization Approved by U.S. Bankruptcy Court and Quebec Superior Court Jul 3, 2009
Important factors and assumptions as well as the Company's ability to anticipate and manage the risks associated therewith that could cause actual results to differ materially from these expectations are detailed from time to time in the Company's filings with the U. S. Securities and Exchange Commission ("SEC") and the securities regulatory authorities in Canada, available at and (copies of which are available on www. quebecorworld. (CCNMatthews Press Releases)
Lawsuit against Regions moved back to JeffCo courts Jul 3, 2009
A Securities and Exchange Commission merger filing falsely reported the value of the combined entity s assets, loans and shareholder equity. Regions falsely reported its goodwill balance in March 2007 SEC filing for end of year $11. (Birmingham Business Journal, AL)
First Financial Bancorp Announces Two Transactions with Irwin Union Bank and Trust Company Jul 3, 2009
For further discussion of certain factors that may cause such forward-looking statements to differ materially from actual results, refer to the 2008 Form 10-K and other public documents filed with the Securities and Exchange Commission (SEC), as well as the most recent Form 10-Q filing for the quarter ended March 31, 2009. These documents are available at no cost within the investor relations section of First Financial's website at and on the SEC's website at. (PR Newswire)
Natural Nutrition Warns No Positive News Is Pending or Expected From Company Jul 3, 2009
Natural Nutrition's expectations regarding future sales and profitability assume, among other things, stability in the economy and reasonable growth in the demand for its products, the continued availability of raw materials at affordable prices, retention of its key management and operating personnel, as well as other factors detailed in Natural Nutrition's filings with the Securities and Exchange Commission. The forward-looking statements, assumptions and factors stated or referred to in this... (PR Newswire)
Obama health czar led companies in trouble Jul 3, 2009
She earned more than $2 million in compensation and stock sales, according to records at the Securities and Exchange Commission ... These filings, made with the Securities and Exchange Commission, often are short on specifics, including when the conduct thats under investigation allegedly occurred. (MSNBC -- Politics)
Sikorsky's X2 TECHNOLOGY(TM) Demonstrator Propelled to Another Milestone en Route to Helicopter Speed Record Jul 3, 2009
Actual results may differ materially from those projected as a result of certain risks and uncertainties, including but not limited to changes in government procurement priorities and practices or in the number of aircraft to be built; challenges in the design, development, production and support of advanced technologies; as well as other risks and uncertainties, including but not limited to those detailed from time to time in United Technologies Corporation's Securities and Exchange Commission... (PR Newswire)
Geneva Sees Opportunity in Bern's Predicament of Conceding on Bank Secrecy Jul 3, 2009
The Zurich-based bank says it sent private bankers not registered with the Securities and Exchange Commission into the U.S. to solicit business from wealthy Americans. In February, criminal prosecution for facilitating tax fraud was deferred after UBS agreed to release the names of about 300 clients and pay $780 million in fines. (Bloomberg)
Is MSG Making a Comeback? Jul 3, 2009
Bs Inc. says sales for Ac'cent were up slightly in the five years through 2008, though the company reported a small sales dip for the product last year in a federal Securities and Exchange Commission filing. Aji-no-moto and Sazon remain staple ingredients in many Asian and Latino dishes. (CBS News)
Stanford exec makes plea deal, attorney says Jul 3, 2009
Davis was charged with conspiracy to commit mail, wire and securities fraud; mail fraud; and conspiracy to obstruct a Securities and Exchange Commission investigation in court documents also issued June 18 ... Stanford, Pendergest-Holt and King are also charged with conspiring to obstruct a Securities and Exchange Commission investigation and obstruction of an SEC investigation. (MSNBC -- Business)
State's utility leaders to merge Jul 3, 2009
However, neither company expects the Public Service Commission, Securities and Exchange Commission nor U.S. Department of Justice to stand in the way, said company spokesman Michael John. "The nice thing about the energy industry," he said, "is the Public Service Commission helps establish rates and watch out for the customer. We don't anticipate any market-power concerns from the regulators." The energy distribution network is fully regulated, he said. (Racine Journal Times, WI)
Stanford's Lost Passport Found at Office of Receiver's Lawyers, U.S. Says Jul 3, 2009
The criminal charges mirror civil fraud claims the U.S. Securities and Exchange Commission lodged against the financier, two associates and three of his companies in February. Receivers Account. (Bloomberg)
Alliance One International, Inc. Completes Refinancing Transactions Jul 3, 2009
Additional information concerning factors that could cause actual results to differ materially from those in the forward-looking statements is contained under the heading of Risk Factors listed from time to time in the Company's filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the fiscal year ended March 31, 2009, filed on June 8, 2009. SOURCE Alliance One International, Inc.. (PR Newswire)
AERT/Nasdaq Compliance Update Jul 3, 2009
For a more detailed discussion of some, but not all, of the risks and uncertainties that may affect AERT, Inc., see AERT, Inc.'s filing with the Securities and Exchange Commission, including its Annual Report on Form 10-K, for the fiscal year ended December 31, 2008 and its Quarterly Report on Form 10-Q for the quarter ended March 31, 2009. Contact. (Primezone Releases)
Texas Couple Sues Over Losses in Alleged Ponzi Scheme, According to The Gibson Law Firm Jul 3, 2009
HOUSTON, July 2 /PRNewswire/ -- A retired Deer Park, Texas couple is suing the investment firms that allegedly sent $515,000 of their retirement funds to a California firm accused of massive fraud by the U.S. Securities and Exchange Commission, according to which represents the couple. The lawsuit filed on behalf of Jonathan David Jackson and Brenda Jackson alleges that they were recruited by two Texas and California securities firms to invest in Diversified Lending Group, Inc. (DLG) which has... (PR Newswire)
LDK Solar Provides Business Update Jul 3, 2009
All statements other than statements of historical fact in this press release are forward-looking statements, including but not limited to, LDK Solar's ability to raise additional capital to finance its operating activities, the effectiveness, profitability and marketability of its products, the future trading of its securities, the ability of LDK Solar to operate as a public company, the period of time during which its current liquidity will enable LDK Solar to fund its operations, its ability... (PR Newswire)
Warren Buffett Makes Gifts to Charity Worth $1.53B Jul 3, 2009
Thursday's filing with the Securities and Exchange Commission also lists donations of shares of Class B stock worth $125 million to the Susan Thompson Buffett Foundation and nearly $50 million each to the Sherwood Foundation, the Howard G. Buffett Foundation and the NoVo Foundation. Class B shares were worth $2,924 at the close of trading July 1, the day Buffett transferred their ownership. (ABC News -- Wire)
Studio featured on 'Queer Eye' ready to sell its shares Jul 3, 2009
Its filing with the Securities and Exchange Commission placed the authorized share volume at 30 million shares of common stock and 10 million shares of preferred stock at undisclosed values. The planned IPO "is something we've been working toward. We're excited about our potential," Chief Financial Officer David Barnard said. (Yahoo News -- Queer Eye for the Straight Guy)
$43 Million Payday For Carey Jul 3, 2009
According to documents filed with the Securities and Exchange Commission late Wednesday, Carey's five-year employment deal includes a base salary of $8. 1 million, a $10 million signing bonus and performance incentive bonuses - including restricted stock - ranging from zero to $25 million per year, based on News Corp.'s profits. (Multichannel News)
CPI Corp. Receives Letter of Support From Ivan Capital Management Jul 2, 2009
CPI Corp. has filed a definitive Proxy Statement with the Securities and Exchange Commission ("SEC") and has furnished to its stockholders a Proxy Statement in connection with the solicitation of proxies for the 2009 Annual Meeting of stockholders. The Company advises its stockholders to read the Proxy Statement relating to the 2009 Annual Meeting because it contains important information. (Yahoo! Wire -- Entertainment News)
Beazer to pay up in mortgage fraud case Jul 2, 2009
Separately on Wednesday, the Securities and Exchange Commission filed a civil complaint against a former Beazer executive, alleging he was responsible for earnings fraud that led to bonuses and profits on stock sales. BUSINESS Latest Headlines. (Atlanta Journal-Constitution)
VYVANSE CII provided significant efficacy at 14 hours in adults with ADHD Jul 2, 2009
The risks and uncertainties include, but are not limited to, risks associated with: the inherent uncertainty of research, development, approval, reimbursement, manufacturing and commercialization of the Company's Specialty Pharmaceutical and Human Genetic Therapies products, as well as the ability to secure and integrate new products for commercialization and/or development; government regulation of the Company's products; the Company's ability to manufacture its products in sufficient... (EurekAlert!)
SEC changes are effort to thwart future Madoffs Jul 2, 2009
The Securities and Exchange Commission lost credibility when it emerged that a tipster had been trying to blow the whistle on Mr. Madoff for years but had been brushed off repeatedly. Since Mr. Madoff's case came to light, the agency has announced a series of changes it hopes will improve enforcement, making it easier to detect and root out fraud before it approaches this massive scale. (The Augusta Chronicle)
Sing00004000h Hangs Up Stanford Logo Jul 2, 2009
Ever since Stanford was sued by the Securities and Exchange Commission in February, Singh has put his reputation on the line by expressing support for Stanford -- even as other athletes with similar deals, including David Toms and Morgan Pressel, dropped the sponsor. Sources speculated to The Post that Stanford might have encouraged Singh to stop wearing his company's logo in order to avoid dragging Singh's good name through the mud. (New York Post -- Business)
* Judge revokes bond for financier Stanford Jul 2, 2009
Stanford, Pendergest-Holt and King are also charged with conspiring to obstruct a Securities and Exchange Commission investigation and obstruction of an SEC investigation. Investigators said Stanford secretly diverted more than US$1. (Taipei Times, Taiwan -- World)
Stanford exec makes plea deal Jul 2, 2009
Davis was charged with conspiracy to commit mail, wire and securities fraud; mail fraud; and conspiracy to obstruct a Securities and Exchange Commission investigation in court documents also issued June 18 ... Stanford, Pendergest-Holt and King are also charged with conspiring to obstruct a Securities and Exchange Commission investigation and obstruction of an SEC investigation. (San Francisco Chronicle -- Business)
China delays PC plan; industry plays it cool Jul 2, 2009
" That encompasses California and the Bay Area, where some of the larger cases, involving tens of thousands of victims, have recently come to light. On Tuesday, for example, a Patricia Morgen of Emeryville made a preliminary appearance before a federal court in San Francisco on charges that a Ponzi scheme engineered by Morgen and her son, Shalom Gibson of Berkeley, raised "millions of dollars from hundreds of investors nationwide since 2001," reportedly including active-duty Marines. Others... (San Francisco Chronicle -- Business)
Freddie Mac May Face SEC Suit For Errors Jul 2, 2009
The Securities and Exchange Commission gave the McLean-based company what is known as a Wells notice, informing the board of directors that the agency might file a civil complaint, seeking a permanent injunction and a fine, over the company's accounting errors. Freddie Mac has acknowledged that it misstated profits by $5 billion over three years, 2000 through 2002. (Yahoo News -- Corporate Reform)
SEC Vote Prohibits Mutual Funds From Directed Brokerage Jul 2, 2009
The Securities and Exchange Commission yesterday unanimously approved a new rule that bars mutual fund companies from steering trades to brokers who promise to promote the funds in exchange for stock and bond business ... The Securities and Exchange Commission ruled that mutual fund portfolio managers must disclose more information about their pay structures. (Yahoo News -- Corporate Reform)
SEC had Madoff heads-up Jul 2, 2009
An investigator at the Securities and Exchange Commission warned superiors as far back as 2004 about irregularities at Bernard L. Madoff's financial management firm, but she was told to focus on an unrelated matter, according to agency documents and sources familiar with the investigation ... SEC lawyer suspicious of Madoff five years ago Articles An investigator at the Securities and Exchange Commission warned superiors as far back as 2004 about irregularities at Bernard L. Madoff's financial... (San Francisco Chronicle -- Business)
Agency OKs pay-disclosure rule for TARP firms Jul 2, 2009
The Securities and Exchange Commission on Wednesday unanimously approved rules requiring greater transparency for executive compensation at bailed-out firms and all public companies ... SEC approves rule on pay disclosure for TARP firms Articles (07-01) 08:48 PDT WASHINGTON (AP) -- The Securities and Exchange Commission on Wednesday unanimously approved rules requiring greater transparency for executive compensation at bailed-out firms and all public companies. (San Francisco Chronicle -- Business)
Facebook, Twitter and peers for sale privately Jul 2, 2009
SharesPost doesn t believe the research on its site will cause any problems should the company file for an IPO with the Securities and Exchange Commission, as these types of analyses are published by investment banks during the IPO process. Still, the lack of public disclosure and limited number of traders on these services makes Kathy Smith bristle. (Helena Independent Record, MT)
SEC charges former Beazer exec Jul 2, 2009
The Securities and Exchange Commission has charged the former chief accounting officer of with conducting a multiyear fraudulent earnings-management scheme and misleading auditors and accountants to hide it. The SEC contends Michael Rand fraudulently decreased the Atlanta-based home builder s reported net income by recording $60 million in improper accounting reserves during certain periods between 2000 and 2005. (Charlotte Business Journal, NC)
China delays PC plan; industry plays it cool Jul 2, 2009
" That encompasses California and the Bay Area, where some of the larger cases, involving tens of thousands of victims, have recently come to light. On Tuesday, for example, a Patricia Morgen of Emeryville made a preliminary appearance before a federal court in San Francisco on charges that a Ponzi scheme engineered by Morgen and her son, Shalom Gibson of Berkeley, raised "millions of dollars from hundreds of investors nationwide since 2001," reportedly including active-duty Marines. Others... (San Francisco Chronicle)
$50 million will end Beazer's fraud case Jul 2, 2009
Earlier Wednesday, the Securities and Exchange Commission sued Beazer's former chief accounting officer, Michael Rand, in federal court in Georgia, saying he ran a fraudulent earnings management scheme. Efforts to reach Rand's attorney failed. (News & Observer)
Studio featured on 'Queer Eye' ready to sell its shares Jul 2, 2009
Its filing with the Securities and Exchange Commission placed the authorized share volume at 30 million shares of common stock and 10 million shares of preferred stock at undisclosed values. The planned IPO "is something we've been working toward. We're excited about our potential," Chief Financial Officer David Barnard said. (Yahoo News -- Queer Eye for the Straight Guy)
SEC Lawyer Raised Alarm About Madoff: Report Jul 2, 2009
WASHINGTON (Reuters) - A U.S. Securities and Exchange Commission lawyer warned about irregularities at Bernard Madoff's financial management firm as far back as 2004, The Washington Post reported on Thursday, citing agency documents and sources familiar with the investigation. Genevievette Walker-Lightfoot, a lawyer in the SEC's Office of Compliance Inspections and Examinations, sent emails to a supervisor saying information provided by Madoff during her review didn't add up and suggesting a set... (ABC News -- Wire)
Unwinding AIG Prompts Pasciucco to Ponder Trades Risking Systemic Failure Jul 2, 2009
By the end of 2008, more than $60 billion was paid to AIG counterparties that had bought CDSs from AIG. In a May 2009 filing to the Securities and Exchange Commission, AIG disclosed for the first time the full extent of those payments, including cash that had flowed to banks before AIGs bailout. Big Payout. (Bloomberg)
Cemex Climbs After Pitching $14.5 Billion Debt Restructuring Plan to Banks Jul 2, 2009
Cemex has an agreement with creditors to extend until July 31 the payment of debt that began coming due on March 24, according to its 20-F annual filing with the Securities and Exchange Commission. The amount of debt covered by the agreement was $1. (Bloomberg)
Par announces mixed offering for $150 million Jul 2, 2009
The company is offering common stock, preferred stock, debt securities and warrants, according to a Securities and Exchange Commission filing. Shares of Woodcliff Lake, N.J.-based Par Pharmaceutical fell 14 cents to close at $14. (Yahoo News -- Pharmaceutical Industry News)
Stockyards faced more than restrictions (29) Jul 2, 2009
A Securities and Exchange Commission quarterly report shows that the company lost 102,000 in the first three months of this year on its commercial real estate properties in Sioux City, Iowa; South St. Paul, Minn. St. Joseph, Mo. (Sioux Falls Tri-State Neighbor, SD)
Maxcom Files Form 20-F Jul 2, 2009
MEXICO CITY, July 1 /PRNewswire-FirstCall/ -- Maxcom Telecomunicaciones, S.A.B. de C.V. ("Maxcom", or "the Company") (NYSE: ) (BMV: MAXCOM CPO), one of the leading integrated telecommunications companies in Mexico, announced that, as required, the company's Form 20-F has been filed with the United States Securities and Exchange Commission ... This document may include forward-looking statements that involve risks and uncertainties that are detailed from time to time in the U.S. Securities and... (PR Newswire)
iGATE Named as a Leading IT Vendor for the Insurance Industry Jul 2, 2009
These risks include, but are not limited to, the company's ability to predict its financial performance, the level of market demand for its services, the highly-competitive market for the types of services offered by the company, the impact of competitive factors on profit margins, market conditions that could cause the company's customers to reduce their spending for its services, the company's ability to create, acquire and build new businesses and to grow existing businesses, attract and... (Primezone Releases)
Cascal's Board of Directors to Recommend a Dividend of 9 Cents Per Share to Annual General Meeting of Shareholders Jul 2, 2009
There are important factors, many of which are outside of our control, that could cause actual results to differ materially from those expressed or implied by such forward-looking statements including: general economic business conditions, unfavorable weather conditions, housing and population growth trends, changes in energy prices and taxes, fluctuations with currency exchange rates, changes in regulations or regulatory treatment, changes in environmental compliance and water quality... (PR Newswire)
$2M ends pension probe Jul 2, 2009
State investigators and the Securities and Exchange Commission had accused a former PCG executive of agreeing to pay an illegal kickback in order to help his company land a piece of a $750 million investment deal with New York's retirement system. PCG had not been formally charged with wrongdoing, and the legal document outlining the deal suggested the company was a victim in a complicated shakedown. (Albany Times Union)
Paragon Shipping Inc. Announces New Two Year Charter Agreements for Calm Seas and Coral Seas Jul 2, 2009
Please see our filings with the Securities and Exchange Commission for a more complete discussion of these and other risks and uncertainties. Contacts: Christopher Thomas, Chief Financial Officer, Paragon Shipping Inc., 15 Karamanli Ave., GR 166 73, Voula, Greece. (PR Newswire)
U.S. SEC approves rule on executive pay disclosure for TARP firms Jul 2, 2009
WASHINGTON, July 1 (Xinhua) -- The U.S. Securities and Exchange Commission (SEC) on Wednesday approved a rule giving shareholders a vote on executive pay of banks that have received government bailout money. The rule, known as "say-on-pay," was aimed to create "better, more timely disclosure, not simply additional disclosure," said SEC Chairman Mary Schapiro at a meeting here, adding it would "enhance the quality of the system through which shareholders exercise their franchise.". (Xinhuanet, China)
Pre-Paid Legal Services Announces 2009 2nd Quarter Membership and Recruiting Results Jul 2, 2009
July 1 /PRNewswire-FirstCall/ -- Pre-Paid Legal Services, Inc. (NYSE: ), reported new memberships produced and new sales associates enrolled for the 2009 second quarter. During the 2nd quarter of 2009, new sales associates enrolled decreased 3. (PR Newswire)
Irwin Financial Corporation Announces Sales of Assets and Managerial Changes Jul 2, 2009
These transactions are designed to give us the time necessary to complete our work with the Treasury and private investors who have committed to make equity investments as part of our recapitalization plan," concluded Miller. Additionally, Irwin announced a reorganization of managerial responsibilities in the commercial banking segment. John Wilcox will assume the role of President of the commercial banking division of Irwin Union Bank and Trust. Brad Kime, the current President of commercial... (PR Newswire)
First Financial Bancorp Announces Two Transactions with Irwin Union Bank and Trust Company Jul 2, 2009
For further discussion of certain factors that may cause such forward-looking statements to differ materially from actual results, refer to the 2008 Form 10-K and other public documents filed with the Securities and Exchange Commission (SEC), as well as the most recent Form 10-Q filing for the quarter ended March 31, 2009. These documents are available at no cost within the investor relations section of First Financial's website at and on the SEC's website at. (PR Newswire)
SABESP Has Delayed in Filing Its Annual Report on Form 20-F for the Fiscal Year Ended December 31, 2008 Jul 2, 2009
SAO PAULO, July 1 /PRNewswire-FirstCall/ -- Companhia de Saneamento Basico do Estado de Sao Paulo - SABESP (NYSE: ; BM&FBovespa: SBSP3), (the "Registrant") respectfully notifies the Securities and Exchange Commission that it will not be able to timely file its annual report on Form 20-F for the fiscal year ended December 31, 2008 ... The Registrant filed the financial statements for the fiscal year ended December 31, 2008, containing the Registrant's independent auditors' qualified report, with... (PR Newswire)
New FairPoint CEO seeks to avoid bankruptcy filing Jul 2, 2009
If it can't be put off, the company might seek alternative debt-restructuring plans, which could include bankruptcy, FairPoint said in a Securities and Exchange Commission filing last week. "I have every intention of taking the steps we need to take without going through bankruptcy," Hauser said. (Concord Monitor)
Jamie Foxx to Host Special Edition of His Exclusive SIRIUS XM Radio Show Live From Las Vegas on July 4th Weekend Jul 2, 2009
Additional factors that could cause SIRIUS' and XM's results to differ materially from those described in the forward-looking statements can be found in SIRIUS' Annual Report on Form 10-K for the year ended December 31, 2008 and XM's Annual Report on Form 10-K for the year ended December 31, 2008, which are filed with the Securities and Exchange Commission (the "SEC") and available at the SEC's Internet site (). The information set forth herein speaks only as of the date hereof, and SIRIUS and... (Yahoo! Wire -- Entertainment News)
Yamaha Selects TwonkyMedia Server to Power MusicCAST2 Home Audio Product Line Jul 2, 2009
Important factors that could cause actual events or results to differ materially are described in filings of our parent company, NextWave Wireless Inc. (NASDAQ: - ) with the Securities and Exchange Commission. All such documents are available through the SECs website at. (Yahoo! Wire -- Entertainment News)
Kid Rock and Drinks Americas Announce "AMERICAN BADASS BEER COMPANY" to be Born on the Fourth of July Jul 2, 2009
These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially, including the historical volatility and low trading volume of our stock, the risk and uncertainties inherent in the early stages of growth companies, the company's need to raise substantial additional capital to proceed with its business, risks associated with competitors, and other risks detailed from time to time in the company's most recent filings with the Securities... (Yahoo! Wire -- Entertainment News)
Medialink Worldwide Extinguishes Subordinated Debentures Jul 2, 2009
More detailed information about these risk factors is set forth in filings by Medialink Worldwide Incorporated with the Securities and Exchange Commission, including the Company's registration statement, most recent quarterly report on Form 10-Q, most recent annual report on Form 10-K and other publicly available information regarding the Company. Medialink Worldwide Incorporated is under no obligation to (and expressly disclaims any such obligation to) update or alter its forward-looking... (Yahoo! Wire -- Entertainment News)
Cumulus Media Inc. Announces CFO Resignation Jul 2, 2009
These factors include competition within the radio broadcasting industry, advertising demand in our markets, the possibility that advertisers may cancel or postpone schedules in response to national or world events, competition for audience share, our success in executing and integrating acquisitions, our ability to generate sufficient cash flow to meet our debt service obligations and finance operations, and other risk factors described from time to time in the Companys filings with the... (Yahoo! Wire -- Entertainment News)
Myriad Genetics, Oshkosh, Pfizer, Sequenom, Synnex: U.S. Equity Preview Jul 1, 2009
(SQNM US): The company said the U.S. Securities and Exchange Commission initiated an investigation relating to its April 29 announcement regarding a SEQureDx Down syndrome test. (SNX US): The distributor of computer products reported second-quarter profit excluding some items of 57 cents a share, beating the average analyst estimate by 15 percent. (Bloomberg -- US)
It's Like eBay Meets Match.com Jul 1, 2009
In fact, if you visit the Web sites of Prosper, you'll find that it's currently , pending regulatory approval from the Securities and Exchange Commission. (Lending Club, another leading site, just completed a similar "quiet period.") Among other things, regulators are concerned with what will happen to lenders' investments if a site goes bankrupt. (Slate)
Omaha Investment Advisor Target Of Federal Lawsuit Jul 1, 2009
-- An Omaha investment advisor has been sacked by a federal lawsuit after the Securities and Exchange Commission reported that he improperly charged clients with nearly $1 million in fees. The SEC has frozen Ryan Jindra's assets and his investors' accounts. (7 KETV Omaha)
Ex-Pastor, Sons Allegedly Stole Millions to Buy Planes, Cars Jul 1, 2009
In a separate civil case brought by the Securities and Exchange Commission, a federal judge in 2005 froze Alanar Inc.'s assets and appointed Indianapolis attorney Bradley Skolnik receiver. Skolnik said Tuesday he recently began the process of making initial returns to investors in accordance with a plan approved in U.S. District Court in Indianapolis. (Fox News)
SEC Vote Prohibits Mutual Funds From Directed Brokerage Jul 1, 2009
The Securities and Exchange Commission yesterday unanimously approved a new rule that bars mutual fund companies from steering trades to brokers who promise to promote the funds in exchange for stock and bond business ... The Securities and Exchange Commission ruled that mutual fund portfolio managers must disclose more information about their pay structures. (Yahoo News -- Corporate Reform)
Freddie Mac May Face SEC Suit For Errors Jul 1, 2009
The Securities and Exchange Commission gave the McLean-based company what is known as a Wells notice, informing the board of directors that the agency might file a civil complaint, seeking a permanent injunction and a fine, over the company's accounting errors. Freddie Mac has acknowledged that it misstated profits by $5 billion over three years, 2000 through 2002. (Yahoo News -- Corporate Reform)
Newsweek: Why Obama's 'reforms' won't prevent crises Jul 1, 2009
(The Securities and Exchange Commission would retain power over stock markets. . (MSNBC -- Politics)
Guaranty Bank: FDIC assistance needed for survival Jul 1, 2009
for free extra services. Subscribe to Austin Business Journal. (Austin Business Journal, TX)
Studio featured on 'Queer Eye' ready to sell its shares Jul 1, 2009
Its filing with the Securities and Exchange Commission placed the authorized share volume at 30 million shares of common stock and 10 million shares of preferred stock at undisclosed values. The planned IPO "is something we've been working toward. We're excited about our potential," Chief Financial Officer David Barnard said. (Yahoo News -- Queer Eye for the Straight Guy)
