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Keyword: securitiesexchange

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  • SEC Accuses 6 Ex-Putnam Execs of Fraud

    01/03/2006 9:16:46 PM PST · by george76 · 189+ views
    Associated Press ^ | Jan 3, 2006 | ap
    Federal regulators have accused six former executives of Putnam Fiduciary Trust Co., the transfer agent for a big mutual fund company, of defrauding several funds and a 401(k) plan client of some $4 million in 2001. The Securities and Exchange Commission on Tuesday announced the civil lawsuit against the six individuals, filed Friday in federal court in Boston, where mutual-fund company Putnam Investments is based. Because it was covered up, the scheme was not discovered until January 2004, according to the SEC. The SEC is seeking injunctions and unspecified civil fines against the six former executives: Karnig Durgarian Jr., a...
  • CA: Prosecutors subpoenaed 12 San Diego officials in pension probe

    12/29/2004 6:37:51 PM PST · by NormsRevenge · 7 replies · 311+ views
    Bakersfield Californian ^ | 12/28/04 | Elliot Spagat - AP
    SAN DIEGO (AP) - Federal prosecutors have subpoenaed records from 12 current and former San Diego city officials in a criminal investigation of the city's pension fund and financial disclosures, documents released Wednesday show. The U.S. Justice Department asked for a trove of documents on pension underfunding and possible conflicts of interest on the pension board. The demand for e-mails, phone logs, minutes of board meetings, contracts and other records extends back to 1996, the year that the city decided to cut contributions to its pension plan and, at the same time, increase retirement benefits. The disclosures come less than...
  • Address by the President to the Nation, 6-29-02

    06/29/2002 12:54:23 PM PDT · by Salvation · 11 replies · 255+ views
    WhiteHouse ^ | 6-29-02 | Geroge W. Bush
    For Immediate ReleaseOffice of the Press SecretaryJune 29, 2002 Radio Address by the President to the Nation The Cabinet Room      Audio THE PRESIDENT: Good morning. This week, we learned of another deeply troubling accounting scandal at a major American corporation. Reports allege that the company hid nearly $4 billion in expenses, and reported profits when it may have actually lost more than a billion dollars. The Securities and Exchange Commission immediately filed suit against the company to preserve documents, so that a complete and thorough investigation can take place, and to ensure that the company cannot give massive payments to...