Gold and Antimony Resources Expected to Increase at Nolan Nov 24, 2009
Bundtzen is the Qualified Person as defined in NI 43-101 and also qualifies under the rules stated by the U.S. Securities and Exchange Commission (SEC), and has verified the data contained in this news release for accuracy. The disclosure requirements of 3. (Primezone Releases)
Telegent plans to raise $250M in IPO Nov 24, 2009
said in a filing with the Securities and Exchange Commission that it plans to raise about $250 million in an initial public offering. The Sunnyvale company said the number of common shares to be sold in the offering and the price range for the proposed offering have not yet been determined. (San Jose Business Journal, CA)
Freddie Mac May Face SEC Suit For Errors Nov 24, 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)
Wilshire Bancorp Declares $0.05 Cash Dividend Nov 24, 2009
The financial information contained in this release should be read in conjunction with the consolidated financial statements and notes included in Wilshire Bancorp's most recent reports on Form 10-K and Form 10-Q, as filed with the Securities and Exchange Commission, as they may be amended from time to time ... Additional information on these and other factors that could affect financial results are included in filings by Wilshire Bancorp with the Securities and Exchange Commission. (Primezone Releases)
Photo Release -- Ingen at Home Plate Ready to Catch Sales of $10M in 2010 and $50M in 2012 Nov 24, 2009
Important factors that may cause actual results to differ are and will be set forth in the company's periodic filings with the U.S. Securities and Exchange Commission. Contact. (Primezone Releases)
Goldman Next as Perp Walk Fails to Satisfy: Brendan Moynihan Nov 24, 2009
Decades ago, the Senate Banking Committees investigation into the causes of the Wall Street crash of 1929 resulted in the Glass-Steagall Act of 1933, separating commercial and investment banking, and the creation of the Securities and Exchange Commission. The work of the so-called Pecora Commission, named for its chief counsel, Ferdinand Pecora, uncovered how the values on Wall Street in the 1920s seemed utterly incongruous to the public in the aftermath of The Crash. (Bloomberg -- Columnists)
Individuals Inundate Bear-Market Funds From JPMorgan to Pimco During 2009 Nov 24, 2009
Like other mutual funds, alternative funds are overseen by the U.S. Securities and Exchange Commission and operate with restrictions on the investments they can hold. They also face limits on a tool employed freely by hedge funds: borrowed money, which can be used to amplify returns. (Bloomberg -- Europe)
IIJ Expands High-speed Data Communications Terminals for IIJ Mobile Nov 24, 2009
Readers are referred to the documents furnished by IIJ with the Securities and Exchange Commission, specifically the most recent reports on Forms 20-F and 6-K, which identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements. Contact. (Primezone Releases)
General Cable contacted in DOJ/EC probe Nov 24, 2009
The company said in a Securities and Exchange Commission filing that it has provided documents and answered questions relating to the probe. It added that it believes the investigation is focused on the submarine and underground high-voltage cables business, and the European Commission is focusing on its Spanish operations. (Cincinnati Business Courier, OH)
SEC's war on hedges' derivatives Nov 24, 2009
The Securities and Exchange Commission will focus on financial instruments such as derivatives as it broadens a crackdown on insider trading by hedge funds, enforcement director Robert Khuzami said ... The Securities and Exchange Commission will focus on financial instruments such as derivatives as it broadens a crackdown on insider trading by hedge funds, enforcement director Robert Khuzami said. (New York Post -- Business)
Ohio sues agencies for losses Nov 23, 2009
A recent Securities and Exchange Commission examination of our business practices found no evidence that decisions about rating methodologies or models were based on attracting market share,'' he said. Michael Adler, a spokesman for Moody's, also disputed the claims. (Sydney Morning Herald -- Business)
Profit flop takes fun out of funny business Nov 23, 2009
The Sydney-based and US-listed Advanced Medical Institute, which claims to have helped 300,000 men sort out their troubles over the years, has finally released its accounts to the US Securities and Exchange Commission after a six-week delay. The institute, which has 22 centres spanning Dubbo, Wollongong, Sydney, London and Auckland, enjoyed a 24 per cent surge in. (Sydney Morning Herald -- Business)
TTI Telecom Announces Annual General Meeting Nov 23, 2009
TTI Telecom will also file the proxy statement with the Securities and Exchange Commission on Form 6-K in the next few days. The following matters are on the agenda of the Meeting. (Primezone Releases)
Studio featured on 'Queer Eye' ready to sell its shares Nov 23, 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)
It's good to be chief Nov 22, 2009
In fact, the Securities and Exchange Commission is expected to rule, perhaps before the end of the year, on a proposal to bring greater clarity and disclosure to the compensation game ... In fact, the Securities and Exchange Commission is expected to rule, perhaps before the end of the year, on a proposal to bring greater clarity and disclosure to the compensation game. (New York Post -- Business)
Insider trading case's key players Nov 22, 2009
The Securities and Exchange Commission and other enforcement agencies say more defendants may be named in a case that, so far, involves at least $53 million in alleged illicit profits ... Securities and Exchange Commission ( ). (San Francisco Chronicle -- Business)
Mantria wants to sell Hawaii firm Nov 22, 2009
Mantria Corp., the Pennsylvania company that's been accused of a $30 million Ponzi scheme by the U.S. Securities and Exchange Commission, said it is looking to sell a Hawai'i company it took over recently. Mantria got a court order several weeks ago to take over Carbon Diversion Inc., a company with technology to turn green waste and other trash items into a charcoal product with a number of uses, including as a soil enhancer. (Honolulu Advertiser)
SEC Vote Prohibits Mutual Funds From Directed Brokerage Nov 22, 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)
Ingen Enters Hospital and Therapy Markets With Expected Revenue Increase Nov 21, 2009
Important factors that may cause actual results to differ are and will be set forth in the company's periodic filings with the U.S. Securities and Exchange Commission. Contact. (Primezone Releases)
HCC Announces Intent to Redeem 1.3% Convertible Notes Nov 21, 2009
The types of risks and uncertainties which may affect the Company are set forth in its periodic reports filed with the Securities and Exchange Commission. Contact. (Primezone Releases)
da Vinci Approved in Japan Nov 21, 2009
These forward-looking statements should, therefore, be considered in light of various important factors, including the following: the impact of the global economic recession and tightening credit market and related impact on health care spending; timing and success of product development and market acceptance of developed products; regulatory approvals, clearances and restrictions; guidelines and recommendations in the health care and patient communities; intellectual property positions and... (Primezone Releases)
Integra LifeSciences to Present at the Piper Jaffray Health Care and JP Morgan SMid Cap Conferences in December Nov 21, 2009
These risks and uncertainties include market conditions and other factors beyond the Company's control and the economic, competitive, governmental, technological and other factors identified under the heading "Risk Factors" included in item IA of Integra's Annual Report on Form 10-K for the year ended December 31, 2008 and information contained in subsequent filings with the Securities and Exchange Commission could affect actual results. These forward-looking statements are made only as the date... (Primezone Releases)
Alleged Colo. Ponzi schemer offers defense Nov 21, 2009
Wragg that the Securities and Exchange Commission "jumped the gun" on the case. John Elway has nothing to do with Speed of Wealth, McKelvy said in a telephone conference call. (Philadelphia Business Journal, PA)
USA Technologies responds to dissidents Nov 21, 2009
Tirpak and another dissident shareholder, Craig Thomas, on Thursday filed a preliminary proxy statement with the Securities and Exchange Commission in preparation for asking USA Technologies shareholders to vote for three independent directors: Tirpak, a 40-year-old investor based in New York and London; Peter Michel, 66, the president and CEO of iSecuretrac Corp. (OTCB:ISEC), an Omaha, Neb. seller of products for electronically monitoring criminals; and Alan Gotcher, 59, the president of... (Philadelphia Business Journal, PA)
Investors to Goldman: Be less greedy Nov 21, 2009
The U.S. Securities and Exchange Commission is pushing a proposal to encourage more participation in shareholder proxy votes and give large investors more say in selecting boards of directors. Also in msnbc. (MSNBC -- Business)
Chicago investment firm ups Legg stake Nov 21, 2009
2 million shares as of Sept. 30, up from 200,750 shares on June 30, according to filings with the Securities and Exchange Commission. The value of Keeley s holdings grew accordingly, to $37. (Baltimore Business Journal, MD)
Cephalon, Barr settle Fentora dispute Nov 21, 2009
NEW YORK Cephalon Inc. will give Barr Pharmaceuticals Inc. a license to sell a generic version of the pain drug Fentora in 2018 as part of a patent lawsuit settlement, according to a Securities and Exchange Commission filing Thursday. In the filing, Cephalon said it will give Barr a non-exclusive, royalty-free right to sell a generic version of Fentora in October of 2018. (Yahoo News -- Pharmaceutical Industry News)
AMD reverses top executives' pay cuts Nov 21, 2009
CEO Dirk Meyer's salary was raised to $900,000 from $720,000, Chief Operating Officer Robert Rivet's was raised to $650,000 from $552,500 and legal chief Tom McCoy's was put back to $544,000 from $462,400, the company said in a filing with the the Securities and Exchange Commission. The Sunnyvale chipmaker (NYSE:AMD) said bonuses are also likely to be affected because they are a percentage of the executives' salary, but didn't say how much that will amount to. (San Jose Business Journal, CA)
Santa Goes Digital: AT&T Connects Families With Holiday Wishes and Fun From the North Pole Via Texting and U-verse TV Nov 21, 2009
A discussion of factors that may affect future results is contained in AT&T's filings with the Securities and Exchange Commission. AT&T disclaims any obligation to update or revise statements contained in this news release based on new information or otherwise. (Yahoo! Wire -- Entertainment News)
Odyssey Marine Exploration Acquires Stake in Venture to Pursue Exploration of Deep-Ocean Gold and Copper Deposits Nov 21, 2009
Certain factors that could cause results to differ materially from those projected in the forward-looking statements are set forth in "Risk Factors" in Part I, Item 1A of the Company's Annual Report on Form 10-K for the year ended December 31, 2008, which has been filed with the Securities and Exchange Commission. Contact. (Yahoo! Wire -- Entertainment News)
Hastings Entertainment Announces Must-Have Christmas Gifts of 2009 Nov 21, 2009
The Investor Relations section of our web site contains press releases, a link to request financial and other literature and access our filings with the Securities and Exchange Commission. Buzz up. (Yahoo! Wire -- Entertainment News)
SIRIUS XM to Broadcast 'Doctor Radio Reports: What Every Woman Needs To Know About Mammograms' Nov 21, 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)
Blockbuster Announces Plans to Combine Class A Common Stock and Class B Common Stock; Company Notified by NYSE of Non-Compliance with Continued Listing Standards Nov 21, 2009
The risk factors set forth under "Item 1A. Risk Factors" in our Annual Reports on Form 10-K and other matters discussed from time to time in our filings with the Securities and Exchange Commission, including the "Disclosure Regarding Forward-Looking Information" and "Risk Factors" sections of our Quarterly Reports on Form 10-Q, among others, could affect future results, causing these results to differ materially from those expressed in our forward-looking statements. These risks and... (Yahoo! Wire -- Entertainment News)
Electronic Game Card, Inc. Files 10-Q for Period Ending September 30, 2009 Nov 21, 2009
We caution that these statements by their nature involve risks and uncertainties, and actual results may differ materially depending on a variety of important factors, including, among others: the company's ability to meet its obligations under existing and anticipated contractual obligations; the company's ability to develop, market, sell and distribute desirable applications, products and services and to protect its intellectual property; the ability and willingness of third-party... (Yahoo! Wire -- Entertainment News)
Destiny Media Technologies to Present at 2nd Annual LD MICRO Conference at the Luxe Sunset Bel Air Nov 21, 2009
"Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995: This release contains forward looking statements that are subject to risks and uncertainties, including, but not limited to, the impact of competitive products and pricing, product demand and market acceptance, new product development, reliance on key strategic alliances, availability of raw materials, the regulatory environment, fluctuations in operating results and other risks detailed from time to time in the... (Yahoo! Wire -- Entertainment News)
Lorillard will replace CEO after 2010 Nov 21, 2009
In a filing with the Securities and Exchange Commission on Thursday, the Greensboro-based tobacco company said it will not renew Orlowsky s contract when it expires Dec. 31, 2010. The company said its board of directors will weight all relevant options. (Triad Business Journal, NC)
Global Defense unveils IPO Nov 21, 2009
filed its IPO intentions with the Securities and Exchange Commission in September, saying it expected to raise $75 million from the initial sale. The company will use the proceeds from the offering to repay debt and for general corporate purposes, including future acquisitions. (FCW.com)
Archipelago shares leap in 1st day of trading Nov 21, 2009
The subscription-based online educational programs provider said earlier in a Securities and Exchange Commission filing that 6. 3 million shares of its common stock priced at $16. (KGW Northwest NewsChannel 8, OR -- Business)
Monster, RBC Capital Resolve Lawsuit Over $66 Million Auction-Rate Dispute Nov 21, 2009
Royal Bank agreed to repurchase auction-rate securities from investors with account values of as much as $10 million, the U.S. Securities and Exchange Commission said in October 2008. The Toronto-based company said it also would buy securities held by its U.S. retail brokerage clients with accounts of $25 million or less. (Bloomberg -- Canada)
Freddie Mac May Face SEC Suit For Errors Nov 21, 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)
De La Costa Restaurant investor sues former partner for $3M Nov 21, 2009
Mr. Hyatt still faces civil charges from the Securities and Exchange Commission for allegedly misappropriating $5. 4 million of investor funds. (Crain's Chicago Business)
AngloGold Ashanti Announces Acquisition of Shares in Commander Goldfields Ltd. Nov 21, 2009
For a discussion of such factors, refer to AngloGold Ashanti's annual report for the year ended 31 December 2008, which was distributed to shareholders on 27 March 2009 and the company's annual report on Form 20-F, filed with the Securities and Exchange Commission in the United States on May 5, 2009 as amended on May 6, 2009. AngloGold Ashanti undertakes no obligation to update publicly or release any revisions to these forward-looking statements to reflect events or circumstances after today's... (CCNMatthews Press Releases)
AMD execs salaries back to normal Nov 21, 2009
On Nov. 16, the board of directors compensation committee reinstated annual base salaries of CEO Derrick Meyer from $720,000 to his previous salary of $900,000; Executive Vice President Robert Rivet, from $552,500 to $650,000; and Executive Vice President Thomas McCoy from $462,400 to $544,000, according to a filing with the U.S. Securities and Exchange Commission. California-based AMD is one of the largest employers in Austin with about 2,000 workers. (Austin Business Journal, TX)
Capital Bank Corporation Declares Cash Dividend on Common Stock Nov 21, 2009
Additional factors that could cause actual results to differ materially are discussed in Capital Bank Corporation's filings with the Securities and Exchange Commission, including without limitation its Annual Report on Form 10-K, its Quarterly Reports on Form 10-Q and its Current Reports on Form 8-K. Capital Bank Corporation does not undertake a duty to update any forward-looking statements in this press release. Contact. (Primezone Releases)
Financial Regulation Overhaul Proposals in U.S.: Side-by-Side Comparison Nov 20, 2009
The Fed would be part of a council of regulators, along with the FDIC, the Comptroller of the Currency and the Securities and Exchange Commission, which would have enhanced powers to identify companies that need tighter regulation and more capital. In conflict with Obama, Frank agrees with FDIC Chairman that firms should pay into a resolution fund -- before any failure. (Bloomberg -- US)
Ex-Pequot Worker Told Psychologist That Samberg Sought Insider Information Nov 20, 2009
Samberg, 68, and Pequot, once the worlds biggest hedge- fund manager, told investors in August that the Securities and Exchange Commission had sent them a so-called Wells notice, warning it may bring civil claims against them after an investigation of their trades in Microsoft, the worlds biggest software maker. Such allegations are without merit and would be defended vigorously, the firm wrote in the letter. (Bloomberg -- US)
Galleon Insider Choo-Beng Lee Told Judge He Was Tipped by Source in Asia Nov 20, 2009
One of Lees sources was an employee at Market Street Partners, a San Francisco-based investor relations consulting firm that did work for , according to a Securities and Exchange Commission complaint. That person, who hasnt been charged, is Shammara Hussain, according to a person familiar with the matter. (Bloomberg -- US)
Corporate bribery: Ungreasing the wheels Nov 20, 2009
The two American agencies responsible for enforcing the FCPA, the Department of Justice (DoJ) and the Securities and Exchange Commission, have both made clear their intention to be even fiercer under the new administration than they were under the previous one. We will be intensely focused on rooting out foreign bribery in your industry. (The Economist)
Buffett's Berkshire Secures $8B Loan for BNSF Deal Nov 20, 2009
Berkshire Hathaway Inc. said in documents filed with the Securities and Exchange Commission Thursday that it signed the financing deal with JPMorgan Chase and Wells Fargo on Wednesday. Buffett has said Berkshire, which is based in Omaha, plans to borrow half of the $16 billion cash needed for the deal, and pay back the loan over three years. (ABC News -- Wire)
First Community files public offering Nov 20, 2009
The common stock and preferred securities would be part of a rights offering to current stockholders and packaged as a unit, according to a filing with the Securities and Exchange Commission. The banking company has not yet released details of the components of each unit, how many units it plans to sell or the price they would sell for. (Tampa Bay Business Journal, FL)
Facebook Common Stock Value Jumps 42% to $9.5 Billion on Private Market Nov 20, 2009
The U.S. Securities and Exchange Commission allows trading in shares of private companies, as long as investors meet certain , such as having an annual income of more than $200,000 or a minimum net worth of $1 million, said Tom Kim, a lawyer specializing in executive compensation in Palo Alto, California. Transaction Volume. (Bloomberg)
F-Origin on trail for $1M VC Nov 20, 2009
a Morrisville company developing technology for touch screens, is raising $1 million in debt financing, according to documents filed with the Securities and Exchange Commission. The company has raised $432,224 of the debt financing, according to the filing. (Triangle Business Journal)
Harbinger shrinking at Times Nov 20, 2009
64 percent of the Times Co.'s publicly traded shares, according to a filing with the Securities and Exchange Commission yesterday ... 64 percent of the Times Co.'s publicly traded shares, according to a filing with the Securities and Exchange Commission yesterday. (New York Post -- Business)
Outdoor Channel Holdings Announces Management Changes at its Winnercomm Inc. Business Segment Nov 20, 2009
Such factors include but are not limited to: (1) service providers discontinuing or refraining from carrying Outdoor Channel; (2) a decline in the number of viewers from having Outdoor Channel placed in unpopular cable or satellite packages, or increases in subscription fees, established by the service providers; (3) liabilities resulting from an aerial camera falling; (4) a decrease in advertising revenue as a result of a deterioration in general economic conditions; (5) managing the company's... (Yahoo! Wire -- Entertainment News)
Territorial execs sign 3-year agreements Nov 20, 2009
Allan Kitagawa, chairman of the board, president and CEO; Vernon Hirata, vice chairman of the board, co-chief operating officer, general counsel and corporate secretary; and Ralph Nakatsuka, vice chairman of the board and co-chief operating officer, signed separate employment agreements for three-year terms, according to a filing with the U.S. Securities and Exchange Commission. Kitagawa will receive a base salary of $801,954; Hirata and Nakatsuka each will receive base salaries of $282,555. (Pacific Business News, HI)
Tix Corporation Addresses Recent Stock Volatility Nov 20, 2009
These risks and uncertainties are discussed in the Company's various filings with the Securities and Exchange Commission. The Company assumes no obligation to update these forward-looking statements. (Yahoo! Wire -- Entertainment News)
Wragg of Mantria: SEC jumped the gun Nov 20, 2009
principal Troy Wragg said during a Thursday afternoon interview that he is confident he and his company will be vindicated of any wrongdoing in the Securities and Exchange Commission case alleging a Ponzi scheme. Wragg, 28, said he and colleague Amanda Knorr, 26, both Temple University graduates, were devastated when the SEC filed a civil lawsuit in Denver Monday. (Philadelphia Business Journal, PA)
Charity seeks compensation Nov 20, 2009
Citigroup Global Markets Inc., whose auction rate securities had been purchased on St. Anthony's behalf, agreed in a settlement with the Securities and Exchange Commission and New York Attorney General Andrew Cuomo in August 2008 to buy back the securities from certain "retail clients." That did not, however, include St. Anthony. According to foundation executives I talked to, when they turned to their financial counselor of 20 years, SCM Advisors LLC of San Francisco, they were told,... (San Francisco Chronicle -- Business)
Tygrett will seek re-election Nov 20, 2009
He has served as general attorney for the U.S. Securities and Exchange Commission and as law clerk for U.S. District Judge Joe Estes, chief judge for the Northern District of Texas. Tygrett was in private practice for more than 30 years prior to being elected to the bench. (Terrell Tribune, TX)
Shareholders eye USA Technologies board Nov 20, 2009
Shareholder Advocates for Value Enhancement which was formed by Bradley Tirpak, who leads it, and Craig Thomas filed a preliminary with the Securities and Exchange Commission Thursday. The two said in SAVE s press release that they expect to begin soliciting votes for their candidates once the SEC approves their filing. (Philadelphia Business Journal, PA)
LogMeIn Announces Pricing of Secondary Offering Nov 20, 2009
A registration statement relating to shares of the common stock of LogMeIn has been declared effective by the Securities and Exchange Commission. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. (Primezone Releases)
AMCORE Bank's New Glarus and Belleville Branches Sold to Union Bank & Trust Company Nov 20, 2009
This news release contains, and our periodic filings with the Securities and Exchange Commission and written or oral statements made by the Company's officers and directors to the press, potential investors, securities analysts and others will contain, forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934, and the Company intends that such forward-looking statements be subject to the safe harbors created thereby... (Primezone Releases)
PMFG, Inc. (Parent of Peerless Mfg. Co.) Announces Preliminary Results of Annual Stockholders' Meeting Held on November 19, 2009 Nov 20, 2009
Final results will be available in PMFG's Quarterly Report on Form 10-Q for the period ending December 31, 2009, to be filed with the Securities and Exchange Commission ... Other important information regarding factors that may affect the Company's future performance is included in the public reports that the Company files with the Securities and Exchange Commission, including the information under Item 1A. "Risk Factors" in our Annual Report on Form 10-K for the fiscal year ended June 30, 2009.... (Primezone Releases)
Studio featured on 'Queer Eye' ready to sell its shares Nov 20, 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 Vote Prohibits Mutual Funds From Directed Brokerage Nov 20, 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)
