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Keyword: sec

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  • Merrill Lynch to Pay $415 Million

    06/24/2016 4:45:54 AM PDT · by ConservativeWarrior · 10 replies
    Washington D.C., June 23, 2016 — The Securities and Exchange Commission today announced that Merrill Lynch has agreed to pay $415 million and admit wrongdoing to settle charges that it misused customer cash to generate profits for the firm and failed to safeguard customer securities from the claims of its creditors.
  • SEC Conference Features Former Official Calling for Fraudsters to be Protected from Career Harm

    05/24/2016 1:03:06 PM PDT · by Lorianne · 6 replies
    Naked Capitalism ^ | 23 May 2016 | Yves Smith
    The SEC showed its true colors yet again at a panel at Stanford Law School at the end of March, although not as dramatically as last year. In last spring’s SEC panel at Stanford, the then head of examinations, Andrew Bowden, made such fawning remarks about private equity, including repeatedly saying he’d really like his son to work in the industry, that he resigned three weeks after we publicized the segment. Nevertheless, this conference was another demonstration of depth of regulatory capture at the agency. As before, the real action came in when the audience members asked questions. They were...
  • Gambling debt, stock tip lead to $1 million settlement but no charges for Mickelson

    05/19/2016 5:44:38 PM PDT · by george76 · 22 replies
    Reuters ^ | May 19, 2016 | Joseph Ax
    Late in July 2012, Phil Mickelson, one of the world's most famous golfers, received a phone call from a well-known professional sports gambler, William "Billy" Walters. At the time, U.S. authorities say, Mickelson owed Walters a gambling debt, and Walters had a hot stock tip: buy shares in the food company Dean Foods Co. Four days later, Mickelson owned $2.4 million worth of Dean Foods shares, according to the U.S. Securities and Exchange Commission. A few weeks after that, he reaped a $931,000 profit when the company announced a spinoff that sent its share price soaring. Mickelson then paid off...
  • Brokerage mistakenly transferred shares...legal recourse?

    04/19/2016 4:00:30 PM PDT · by Homer1 · 56 replies
    https://www.google.com ^ | 04/20/2016 | Vanity
    I have a brokerage account. A person with the same name as me passed away and the broker transferred all of my shares to his heirs. What legal actions can I take? What rights do I have? Anybody in the financial industry that can weigh in...it would be appreciated. Thanks
  • Panama Papers Reveal Clinton’s Kremlin Connection

    04/07/2016 11:23:53 AM PDT · by InvisibleChurch · 16 replies
    Observer ^ | 4-7-16
    The revelations of the so-called Panama Papers that are roiling the world’s political and financial elites this week include important facts about Team Clinton. This unprecedented trove of documents purloined from a shady Panama law firm that arranged tax havens, and perhaps money laundering, for the globe’s super-rich includes juicy insights into how Russia’s elite hides its ill-gotten wealth. Almost lost among the many revelations is the fact that Russia’s biggest bank uses The Podesta Group as its lobbyist in Washington, DC. Though hardly a household name, this firm is well known inside the Beltway, not least because its CEO...
  • MUST SEE=> Did Mitt Romney Just File Papers to Run for President?

    03/04/2016 3:41:37 PM PST · by bobsunshine · 59 replies
    GatewayPundit ^ | March 4, 2016 | Jim Hoft
    This document is making the rounds today in conservative circles. It looks like Mitt Romney, who pushed for a brokered RNC convention earlier today, filed documents in January to be eligible to run for president in 2016. At least, that’s what a few websites are pushing.....
  • Here are the results sources for super Tuesday

    03/01/2016 4:31:53 PM PST · by FormerRep · 51 replies
    multiple links | multiple
    http://www.politico.com/2016-election/results/map/president?lo=ut_d1 http://www.cnn.com/election/primaries/calendar/march http://rsbn.tv/abc-news-live-breaking-news-streams/ Trump has Georgia already.
  • Racist Anti-Trump Robocalls Hit SEC Primary States – Looks Like Coordinated Attack

    03/01/2016 1:02:54 AM PST · by Helicondelta · 22 replies
    There are reports of racist anti-Trump robocalls hitting the SEC primary states tonight. This is after a weekend of racist smears by the liberal media and GOP establishment – including Marco Rubio – on Donald Trump. The calls are reportedly coming from the Rubio Conservative Solutions PAC. ... I just got a robocall from a Nazi group and they made a mistake. I was able to track it to 'Conservative Solutions Pac" THAT IS A RUBIO PAC— DJ Lewis (@umpire43) February 29, 2016
  • FIREWALL CRUMBLES: Cruz prepares for election day massacre by pulling out of Alabama events

    02/24/2016 8:30:17 PM PST · by TigerClaws · 492 replies
    BIRMINGHAM, Ala. — The “southern firewall” Ted Cruz’s presidential campaign has been building for months appears to be crumbling under the weight of Donald Trump’s staying power and Marco Rubio’s resurgence. The Cruz campaign told Yellowhammer Wednesday night they are pulling out of the Presidential Forum set to be held at Samford University in Birmingham on Saturday, and will not be holding any other events in Alabama ahead of election day. Senator Marco Rubio’s campaign, however, reiterated their commitment to the event. The move is one of the most open indicators to date that Cruz has failed to pick up...
  • EXCLUSIVE: TIME Guide to Official 2016 Republican Nomination Calendar

    02/21/2016 7:03:38 PM PST · by Be Careful · 17 replies
    Time ^ | October 2, 2015 | Zeke Miller
    The official road map for the GOP candidates
  • REPORT: Cruz Camp Worried BIG South Carolina Loss an Ominous Sign for Super Tuesday

    02/19/2016 6:25:05 PM PST · by Sybeck1 · 132 replies
    Gateway Pundit ^ | Jim Hoft
    On the eve of the South Carolina primary Cruz insiders are reportedly privately beginning to fear that a big loss to Donald Trump would signal more defeats in the SEC states. CNN reported: What if the firewall crumbles? That’s the worry of a growing number of people close to Ted Cruz’s campaign, who are privately beginning to fear that a big loss in South Carolina to Donald Trump on Saturday could signal more defeats to come in the so-called SEC states that are the lynchpin of Cruz’s strategy. “If they’re pretty far back from Trump and they can’t get southern...
  • New Virginia Poll Shows the Race Clarifying

    02/16/2016 10:15:38 AM PST · by Cincinatus' Wife · 51 replies
    Red State ^ | February 16, 2016 | Leon H. Wolf
    A new poll has been released for the State of Virginia, and it confirms a lot of the conventional wisdom about how the race is shaping up. Virginia is a Super Tuesday state and is probably a pretty good representation of how many of the Southern Super Tuesday states are thinking right now. On the Democrat side, Hillary leads Bernie Sanders, but by less than you would expect, at 52%-40%. You would think that, of the Southern states, Virginia might be especially friendly territory to Hillary, given that one of her stooges is Governor and given the increasingly high number...
  • GOP asks: Can Trump and Cruz be stopped? [This time the shoe is on the other foot]

    02/11/2016 4:27:22 AM PST · by Cincinatus' Wife · 127 replies
    The Hill ^ | February 11, 2016 | Neil Stanage
    The Republican establishment is grappling with an uncomfortable reality: No single candidate is about to be crowned as its standard-bearer after New Hampshire's primary. And that means Donald Trump and Ted Cruz could be sprinting toward the presidential nomination before a third rival gets out of the starting blocks. "The only way for Donald Trump or Ted Cruz to be stopped is for the establishment to finally rally around one candidate - and it doesn't look like that is going to happen anytime soon," said Ron Bonjean, a Republican strategist and a former aide to GOP leaders on Capitol Hill....
  • Two Anonymous Whistleblowers Are Pounding on the SEC’s Door Again

    02/05/2016 6:10:55 PM PST · by Lorianne · 5 replies
    Wall Street on Parade ^ | 04 February 2016 | Pam Martens and Russ Martens
    Last night ABC began its two-part series on the Bernie Madoff fraud. Viewers will be reminded about how investment expert, Harry Markopolos, wrote detailed letters to the SEC for years, raising red flags that Bernie Madoff was running a Ponzi scheme – only to be ignored by the SEC as Madoff fleeced more and more victims out of their life savings. Today, there are two equally erudite scribes who have jointly been flooding the SEC with explosive evidence that some Exchange Traded Funds (ETFs) that trade on U.S. stock exchanges and are sold to a gullible public, may be little...
  • Obama's Vendetta With Gun Makers Gets Personal: Smith & Wesson Shares Plunge After Call For SEC

    12/16/2015 5:48:49 PM PST · by lowbridge · 63 replies
    zero hedge ^ | december 15, 2015 | tyler durden
    has decided to take his vendetta with US gun makers to the next level and as the NYT reported overnight, "the New York City public advocate on Monday asked federal regulators to investigate whether the gun manufacturer Smith & Wesson had made adequate disclosures in its financial statements." One would think that being in compliance with all existing SEC regulatory requirements would be sufficient, but when one is on Obama's black list there are additional requirements for "adequate disclosure" one must follow, especially the ones that one does not know about because they appear only after the fact. The NYT...
  • Deutsche Bank Lawyer Found Dead in New York in Suicide

    10/25/2014 8:51:15 AM PDT · by dynachrome · 24 replies
    Wall Street journal ^ | 10-25-14 | DAVID ENRICH, JENNY STRASBURG and PERVAIZ SHALLWANI
    Calogero Gambino Had Been Closely Involved in Negotiating Legal Issues for Deutsche Bank ino, has died of a suicide in New York, according to New York City officials and others familiar with the circumstances of his death.
  • Gary Pinkel Will Resign Due to Lymphoma: Details, Reaction

    11/13/2015 2:42:24 PM PST · by PAR35 · 14 replies
    Bleacher Report ^ | Nov 13, 2015 | Adam Wells
    Missouri head football coach Gary Pinkel is resigning after the season as he continues treatment for lymphoma.
  • NYT Has Hillary Fundraiser, Fined CEO Steven Rattner Writing About Fiorina

    10/06/2015 9:19:09 AM PDT · by george76 · 2 replies
    Newsmax ^ | 27 Sep 2015 | Greg Richter
    Steven Rattner, a fundraiser for Democrat Hillary Clinton and someone who was fined by the SEC, has a column criticizing Republican presidential candidate Carly Fiorina in The New York Times titled "Carly Fiorina Really Was That Bad." ... "Not mentioned by the Times is the fact Rattner was once President Obama‘s 'Car Czar' back during the Cash-for-Clunkers days. He’s also a major fundraiser for (drumroll…) Hillary Clinton." Rattner also paid $10 million in fines to the Securities and Exchange Commission in 2010 for alleged involvement in a New York State pension fund scandal. ... What’s next, Grey Lady? Can we...
  • The New York Times and the rehabilitation of Steven Rattner

    10/06/2015 9:04:49 AM PDT · by george76 · 9 replies
    Columbia Journalism Review ^ | FEBRUARY 20, 2013 | Ryan Chittum
    The New York Times is declaring that disgraced private equity mogul Steven Rattner has gotten his reputation back in the Manhattan lunch circles that matter. This was probably only a matter of time given that it was the Times itself that played a leading role in his rehabilitation. It’s Andrew Ross Sorkin, naturally, who pronounces the cleansing complete, even wondering aloud if Rattner could be a Treasury secretary someday. This about a guy who just two years ago paid $16 million to settle SEC and New York lawsuits against him for taking part in a kickback scheme with public officials...
  • Fiorina Misleads on HP and Iran

    09/23/2015 6:06:13 AM PDT · by jimbo123 · 9 replies
    Annenberg Public Policy Center ^ | 9/22/15 | Lori Robertson and Eugene Kiely
    Carly Fiorina made several false, misleading and unsubstantiated claims in responding to questions about Hewlett-Packard’s involvement with a foreign subsidiary that sold products in Iran. The former HP CEO claimed that a Securities and Exchange Commission investigation “proved that neither I nor anyone else in management knew about” a Hewlett-Packard subsidiary doing business in Iran. We have found no such ruling from the SEC, nor could Fiorina’s campaign provide one. She also claimed that the company that actually sold HP products in Iran was “not honest” with HP about its dealings. But that company said in a 2003 press release...
  • Agencies Say They Need Access to Americans’ Emails Without a Warrant [FTC and SEC]

    09/16/2015 5:45:27 PM PDT · by markomalley · 20 replies
    Nextgov ^ | 9/16/15 | Kaveh Waddell
    A bi­par­tis­an bid to re­form an elec­tron­ic-pri­vacy law has the sup­port of the tech com­munity and the White House, but fed­er­al law en­force­ment of­fi­cials tell Con­gress the changes would hamper civil pro­sec­u­tion. Civil law en­force­ment agen­cies like the Fed­er­al Trade Com­mis­sion and the Se­cur­it­ies and Ex­change Com­mis­sion would not be able to ob­tain crit­ic­al in­form­a­tion if the law were changed to re­quire crim­in­al war­rants for ac­cess to data stored on cloud ser­vices, ac­cord­ing to wit­nesses from those agen­cies testi­fy­ing in front of the Sen­ate Ju­di­ciary Com­mit­tee Wed­nes­day. The law en­force­ment of­fi­cials were re­act­ing to bills from Sens. Mike Lee and...
  • SEC Not So Loud And Proud After Week 2

    09/14/2015 11:32:45 AM PDT · by C19fan · 54 replies
    The Post Game ^ | September 14, 2015 | Samuel Chi
    First impressions can be as deceiving in college football as it was with Josef Stalin. Both FDR and Truman were initially charmed by the Soviet dictator, only to be stabbed in the back by him later. Kinda like how AP voters must have felt right about now. A week ago, a record 10 SEC teams were ranked in the AP top 25, as the voters were smitten by the conference's 10-1 opening week record, including four victories over Power 5 opponents. SEC coaches wasted little time to crow, with LSU's Les Miles proclaiming that all top 25 teams should be...
  • Here´s why the new CEO pay rule could backfire on its advocates

    08/10/2015 3:33:32 AM PDT · by IBD editorial writer · 21 replies
    Investor's Business Daily ^ | 08/10/2015 | John Merline
    When the Securities and Exchange Commission released its CEO pay rule this week, many cheered it as a way to shame companies into moderating outlandish pay packages. The rule, which goes into effect in 2017, mandates that publicly-traded companies disclose the gap between what their top executives are paid and what their rank and file workers make. As the New York Times' Gretchen Morgenson put it, "because the rule will generate an easily graspable and often decidedly shocking number, it may energize a cadre of new combatants in the executive pay fight." It could have the opposite effect.
  • [New SEC Rule] Companies will be required to reveal CEOs’ versus workers’ pay

    08/06/2015 3:39:04 AM PDT · by markomalley · 12 replies
    Bend Bulletin ^ | 8/6/15 | Peter Eavis
    The chief executive of General Electric raked in a $37.3 million pay package last year, a large sum by any standard. But how much larger was it than the average pay of the 305,000 employees who helped General Electric earn billions in profits that year? The industrial giant did not disclose that comparison, and corporate America rarely reveals how the compensation of the chief executive stacks up against that of the workers in the ranks below. That will soon change. After a long delay and plenty of pushback from corporations, the Securities and Exchange Commission approved in 3-2 vote on...
  • SEC requires companies to reveal CEO-vs-worker pay gap

    08/05/2015 1:24:47 PM PDT · by PROCON · 31 replies
    AP ^ | Aug. 5, 2015 | MARCY GORDON
    WASHINGTON (AP) -- Federal regulators have approved a long-delayed rule requiring companies to reveal the pay gap between CEOs and their employees. The Securities and Exchange Commission voted Wednesday to order most public companies to disclose the ratio between their chief executives' annual compensation and median, or midpoint, employee pay.
  • College Football fans - give me your 2015 season Hype Video links and top 5

    07/27/2015 6:32:33 PM PDT · by FlJoePa · 40 replies
    youtube ^ | n/a | youtube
    PSU 2015 Hype Video #1PSU 2015 Hype Video #2James Franklin delivering season tickets
  • Executive Branch could lose much of its unconstitutional power

    06/21/2015 10:18:45 AM PDT · by Oldpuppymax · 31 replies
    Coach is Right ^ | 6/21/15 | Doug Book
    An injunction issued against the Securities and Exchange Commission (SEC) by federal judge Leigh Martin May could spell the beginning of the end for Administrative Law Courts and with them, 80 years of unconstitutional abuse of power by the Executive branch. Administrative Law “…allows for the creation of public regulatory agencies and contains all of the statutes, judicial decisions, and regulations that govern them.” These regulatory bodies include the EPA and the SEC. Many came into being during the reign of Franklin Roosevelt, the one president more arrogant and power hungry than Barack Obama. The law itself “…is created by...
  • SEC a stumbling block in banks' forex guilty pleas: sources

    05/15/2015 11:47:28 AM PDT · by Lorianne
    Reuters ^ | 14 May 2015 | Karen Freifeld, Sarah N. Lynch, Soyoung Kim
    Banks want assurances from U.S. regulators that they will not be barred from certain businesses before agreeing to plead guilty to criminal charges over the manipulation of foreign exchange rates, causing a delay in multibillion-dollar settlements, people familiar with the matter said. In an unprecedented move, the parent companies or main banking units of JPMorgan Chase & Co (JPM.N), Citigroup Inc (C.N), Royal Bank of Scotland Group Plc (RBS.L), Barclays Plc (BARC.L) and UBS Group AG (UBSG.VX) are likely to plead guilty to rigging foreign exchange rates to benefit their transactions. The banks are also scrambling to line up exemptions...
  • Could SEC Football Strength Be Equaled by 'SEC Presidential Primary' in '16?

    05/14/2015 10:58:40 AM PDT · by Kaslin · 14 replies
    Townhall.com ^ | May 14, 2015 | Matt Towery
    In recent presidential primary cycles, the influence of Southern states -- with the exception of Florida, whose "Southern status" is perhaps more locational than anything else -- has been minimal. While pundits like to say that GOP presidential nominees have relied heavily on a "red state" electorate based in the South, that same base has had little to say in determining the nominee. After all, neither John McCain nor Mitt Romney had much in common with the region. Georgia's Republican Secretary of State Brian Kemp sensed that voter turnout intensity in the region could be stronger in November 2016 if...
  • The SEC Makes Believe It Regulates Wall Street

    04/30/2015 9:23:24 AM PDT · by alexmark1917 · 7 replies
    The SEC still hasn’t stopped manipulative high speed traders from ripping off investors, even though the abuses have been self-evident for years to anyone paying attention. A series of events have brought the subject of high frequency trading abuses once again to the forefront of the financial news reportage. These events include: The recent arrest of Navinder Sarao, a British trader, who has been accused of being complicit in the infamous “flash crash” that occurred five years ago. Within minutes, the May 10, 2010 incident sent the Dow tumbling almost 1000 points before it recovered, sending shockwaves throughout our financial...
  • Law Introduced to Curb Porn Crisis in Govt. Agencies

    02/24/2015 11:51:04 AM PST · by jazusamo · 52 replies
    Judicial Watch ^ | February 24, 2015
    An epidemic of federal employees watching pornography on government computers during work hours has gotten so out of control that legislation has been introduced in Congress to contain the embarrassing crisis. Porn has for years been part of the job at some government agencies and in fact a number of federal audits have long documented the enraging details of how our tax dollars are being wasted. Judicial Watch has also reported on this for years, especially the porn crisis at the Securities and Exchange Commission (SEC), the agency charged with policing the nation’s financial industry. While the economy crumbled, the...
  • Dazing SEC Titans, Big Ten Lives Up to Its Adjective

    01/04/2015 5:50:00 AM PST · by C19fan · 20 replies
    NY Times ^ | January 2, 2014 | Marc Tracy
    With less than two minutes left in the Sugar Bowl on Thursday night, Ohio State, ahead by 7 points and having just recovered an onside kick by Alabama, tried a deep pass along the left sideline — Ohio State’s sideline. Standing near the bench, Jim Delany, the commissioner of the Big Ten Conference for 26 years, sprinted a few steps toward the field to catch a glimpse of the ball as it hurtled through the air. The pass fell incomplete, but his actions were a sign of the investment that not only Buckeyes fans, but fans of all Big Ten...
  • Vanity: Overrated [5 claps], Overrated [5 claps]. Vaunted SEC West 2 - 4 Bowl Season

    01/02/2015 5:39:29 AM PST · by C19fan · 44 replies
    Vanity ^ | Me January 2, 2014
    The so-called mighty SEC West was embarrassed this bowl season. The state of Mississippi has not taken this type of beating since Grant's Vicksburg Campaign. Both Wisconsin and THE Ohio State University ran the ball down the state of Alabama's throat. The SEC as a whole plays horrible non-conference schedules and the apologists claim that is because the SEC is too tough. Sorry but that is BS. The Top 4 SEC West teams as a whole only played perhaps 4 quality non-conference games: West Virginia, Kansas State, Boise State, Wisconsin. Whatever you thing of FSU they alone played four legitimate...
  • Lending Club Set to Debut, and Industry Is Watching

    12/11/2014 6:37:51 AM PST · by SoFloFreeper · 2 replies
    NY TIMES ^ | 12/10/14 | MICHAEL J. DE LA MERCED
    Search SHARETWEETMORE SUBSCRIBELOG IN DealBook Lending Club Set to Debut, and Industry Is Watching By MICHAEL J. DE LA MERCED DECEMBER 10, 2014 When Lending Club makes its debut on the New York Stock Exchange on Thursday, it will carry the hopes of an entire industry. The company, whose online marketplace matches people who are seeking loans with investors willing to provide them, emboldened its peers late Wednesday when it raised about $870 million in its initial public offering, surpassing expectations. Lending Club’s offering — which values the company at $5.4 billion — will set a template for potentially dozens...
  • The $9 Billion Witness: Meet JPMorgan Chase's Worst Nightmare (Fake Story)

    11/08/2014 9:50:08 AM PST · by Bigun · 14 replies
    Rolling Stone ^ | November 6, 2014 | Matt Taibbi
    Meet the woman JPMorgan Chase paid one of the largest fines in American history to keep from talking By Matt Taibbi | November 6, 2014 "It was like watching an old lady get mugged on the street," she says. "I thought, 'I can't sit by any longer.'" Fleischmann is the central witness in one of the biggest cases of white-collar crime in American history, possessing secrets that JPMorgan Chase CEO Jamie Dimon late last year paid $9 billion (not $13 billion as regularly reported – more on that later) to keep the public from hearing. Back in 2006, as a...
  • College Football Playoff: What to expect from committee’s first rankings

    10/27/2014 10:50:57 AM PDT · by Sybeck1 · 34 replies
    Washington Post ^ | 10/27/14 | Chuck Culpepper
    For the first time in the 145 years of college football, a 12-member playoff selection committee has set to convene. It will spend Monday and Tuesday in the arduous seven-stage process of tabulating its inaugural weekly top 25, and it will release that list on Tuesday at 7:30 p.m. ET. That will begin a much-anticipated process of seven weekly meetings in Grapevine, Texas, near the Dallas-Fort Worth International Airport. The meetings will run Monday-Tuesday into early December, then the final announcement of the playoff field will come on Sunday, Dec. 7. That announcement will name the four teams which will...
  • Kick Washington Out of Your Life

    08/18/2014 7:26:52 AM PDT · by SovereignSociety · 14 replies
    The Sovereign Investor ^ | June 21st, 2014 | JR Crooks
    The American Society of Civil Engineers (ASCE) grades our drinking water a D in their annual report card. Local systems leak an estimated 7 billion gallons of water daily. And more than 850 billion gallons of sewage escape into surface water annually.And I wouldn’t rely too heavily on our electric grid.ASCE gives that a D+ due to outages and disturbances that cost up to $180 billion in annual economic activity. The electric grid is at risk of cascading failures until energy production becomes decentralized.These risks are growing by the day. The government that is supposed to be protecting and serving...
  • SEC announces fraud charges against state of Kansas

    08/12/2014 8:27:27 AM PDT · by Kansas58 · 28 replies
    Kansas City Business Journal ^ | Updated: Aug 11, 2014, 2:03pm CDT | Brianne Phannenstiel
    "Governor Brownback's administration took prompt action in 2011 to adopt new disclosure policies and procedures and to include the relevant KPERS information in the CAFR (comprehensive annual financial report)," Kansas Secretary of Administration Jim Clark said in a statement. "The SEC has considered these changes and we are pleased that the SEC did not seek any financial penalties or make any claims of intentional misconduct based on the actions of former administrations. We remain committed to complying with all disclosure requirements and require training and updating of the policies and procedures annually."
  • Meet the SEC's 6,500 Whistleblowers

    07/29/2014 6:08:51 PM PDT · by afraidfortherepublic · 8 replies
    WSJ online ^ | 7-29-14 | Maxwell Murphy
    What do four adult entertainers, 138 engineers, a handful of pilots and a pastor have in common? They all think they have hot tips about an alleged financial fraud. They are also among the more than 6,500 people who have offered confidential information under the whistleblower program of the Securities and Exchange Commission. The agency set up the program in mid-2011 with hopes of eliciting dirt on corporate wrongdoers. It offers a bounty of up to 30% of penalties for any monetary sanctions the agency extracts that exceed $1 million. The potential windfall has attracted tips from at least 68...
  • Chinese Internet Giant Could Win Largest Ever U.S. Initial Stock Offering

    07/16/2014 9:37:41 AM PDT · by PoloSec · 7 replies
    The Free Beacon ^ | July 16 2014 | Daniel Wiser
    A Chinese Internet giant is expected to win approval from the Securities and Exchange Commission (SEC) for potentially the largest ever U.S. initial stock offering despite a myriad of investment and security risks posed by the IPO, critics say. Alibaba Group Holding Ltd., a Chinese company whose online retail sales exceed those of U.S. competitors, such as Amazon or Ebay, currently awaits SEC approval for the stock sale that could raise as much as $20 billion. The SEC has assented to several IPOs of Chinese companies with similar corporate structures since 2000. However, critics of the offering say the potential...
  • DHS Sec: Don’t Enforce Immigration Law In Courthouses

    05/29/2014 4:20:29 PM PDT · by Nachum · 15 replies
    The Daily Caller ^ | 5/29/14 | Tristyn Bloom
    Homeland Security Secretary Jeh Johnson thinks courthouses should be “immigration enforcement-free zones,” reports the Washington Times. “Courthouses are special,” he said in testimony before Congress Thursday, meaning that the government ought not target illegal immigrants who may be there–a status already granted to schools, hospitals, and places of worship. (RELATED: Immigration Enforcement Isn’t Smart, Obama Says) The issue came up during the House Judiciary Committee’s Homeland Security Department Oversight hearing when Rep. Jerrold Nadler (D-NY) asked Johnson whether he thought courthouses ought be added to this list of “sensitive locations.” “People have been apprehended by ICE when they went to...
  • Mark Cuban Takes on Snapchat with Cyber Dust

    05/13/2014 8:45:51 PM PDT · by george76 · 9 replies
    FOX Business ^ | May 13, 2014 | Katie Roof
    In a world where texts, tweets and emails can potentially be used against you, billionaire investor Mark Cuban launched Cyber Dust, an app for disappearing text messages and photos. Once the recipient views the note, it vanishes in seconds. Cuban says he was inspired to create this service after being challenged by the FCC over insider trading allegations, of which he was eventually cleared. “What I learned very quickly was they took old emails and messages and created whatever context they wanted to create for it,” says Cuban. Cuban took his idea to app developers and launched Cyber Dust to...
  • Michael Sam wins Arthur Ashe Award

    05/07/2014 9:19:20 AM PDT · by EveningStar · 31 replies
    ESPN ^ | May 7, 2014
    Michael Sam has been selected as the winner of the Arthur Ashe Courage Award. The former Missouri defensive end, who likely will be taken in this week's NFL draft, will receive the award given to individuals who transcend sports at the 2014 ESPYS on July 16. Sam, the SEC's defensive player of the year this past season, has announced he is gay and would become the first openly gay player in the NFL. He said in an interview with ABC's "Good Morning America" on Tuesday that he hopes to inspire other athletes.
  • Brent Musburger to SEC Network, Will No Longer Call Sat. Night Football on ABC

    03/12/2014 7:06:52 PM PDT · by ConservativeStatement · 19 replies
    Breitbart ^ | March 12, 2014
    On Wednesday, ESPN announced that Brent Musburger will leave his partnership with Kirk Herbstreit on ABC's Saturday Night Football broadcast to join Jesse Palmer to call games for ESPN's new SEC Network. It is believed that ESPN did not want to lose Chris Fowler's services in a contract year, and the GameDay host is the favorite to be in the booth with Herbstreit. There may be a bigger role for Rece Davis as well.
  • Fannie Mae, Freddie Mac Nationalized, Shareholders Lost Billions

    03/11/2014 9:16:53 PM PDT · by jyro · 14 replies
    Mortgage lenders Fannie Mae and Freddie Mac tumbled Tuesday on news of a deal to close them down. Both stocks lost about 40% of their value in one hour. An announcement of the deal, crafted by the Senate Budget Committee's top Democrat and Republican, did not disclose a timeline for the closure but said a draft of the legislation would be released soon. It is likely years away from its final approval. With multiple bi-partisan efforts and the support of President Obama congress managed to dissolve billions of investors retirement funds.
  • The incredible stock-picking ability of SEC employees

    02/27/2014 10:26:23 PM PST · by Brad from Tennessee · 22 replies
    Washington Post ^ | February 27, 2014 | By Jia Lynn Yang
    Forget hiring a top hedge fund to manage your portfolio. Your better bet might be an employee at the Securities and Exchange Commission, according to a new report suggesting that regulators are trading on inside information relating to investigations and upcoming enforcement actions. In the report titled "The Stock Picking Skills of SEC Employees," researchers found that SEC employees' stock purchases look like your average person's. But when these employees sell their stocks, they appear to systematically beat the market by making sales within weeks of costly enforcement actions by the agency. "These results suggest that SEC employees potentially trade...
  • SEC Employees Make Great Stock Pickers

    02/25/2014 10:23:24 AM PST · by reaganaut1 · 11 replies
    Turnkey Analyst ^ | February 24, 2014 | Wesley R. Gray
    Stock Picking Skills of SEC Employees Jawad M. Addoum, Alok Kumar, Kelvin Law Abstract: We use a new data set obtained via a Freedom of Information Act request to investigate the trading strategies of the employees of the Securities and Exchange Commission (SEC). We find that a hedge portfolio that goes long on SEC employees’ buys and short on SEC employees’ sells earns positive and economically significant abnormal returns of (i) about 4% per year for all securities in general; and (ii) about 8.5% in U.S. common stocks in particular. The abnormal returns stem not from the buys but from...
  • Michael Sam, Missouri Star And NFL Prospect, Announces He’s Gay

    02/09/2014 5:53:01 PM PST · by massmike · 150 replies
    http://nesn.com/ ^ | 02/09/2014 | NESN Staff
    Michael Sam, the SEC’s Defensive Player of the Year and Missouri’s All-American defensive lineman, told ESPN’s Outside the Lines and The New York Times on Sunday that he is gay. Sam is projected to be a mid-round pick in the 2014 NFL Draft after leading the SEC with 11.5 sacks and 19 tackles for a loss, but he’ll be happy playing for whatever team wants him.
  • WAR EAGLE!

    12/07/2013 5:40:55 PM PST · by Clint N. Suhks · 78 replies
    WOO HOO! | 12/7/13 | ME!!!
    WAR EAGLE! BCS BABY!
  • No. 7 Auburn survives No. 25 Georgia, 43-38

    11/16/2013 4:53:52 PM PST · by Hoodat · 50 replies
    Yahoo Sports ^ | 11/16/2013 | John Zenor
    Ricardo Louis scored on a deflected 73-yard pass on fourth and 18 with 25 seconds left to lift No. 7 Auburn to a stunning 43-38 victory over No. 25 Georgia on Saturday night. The Tigers (10-1, 6-1 Southeastern Conference) had blown a 27-7 lead but pulled out one more huge play to continue the biggest turnaround in major college football. From 3-9 last year, they can win the SEC West with a victory in two weeks against No. 1 Alabama. Auburn's Nick Marshall heaved the ball downfield with two defenders around Louis. It bounced off safety Josh Harvey-Clemons and right...