International Business News - SEC http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif The Securities and Exchange Commission said it has settled a financial fraud case with three former executives of iGo Corp., a former manufacturer and distributor of mobile parts and accessories based in Reno, Nev. http://www.ibtimes.com/articles/20080718/sec-settles-fraud-case-with-3-former-igo-execs.htm Fri, 18 Jul 2008 17:27:55 EDT The Securities and Exchange Commission said Sunday it is immediately opening a probe to prevent the spread of false information used to manipulate securities prices. http://www.ibtimes.com/articles/20080713/sec-opens-probe-to-prevent-spread-of-false-info.htm Sun, 13 Jul 2008 15:22:12 EDT El Paso Corp. and five of its former executives have settled charges that they fraudulently inflated the company's oil and natural gas reserves, the Securities and Exchange Commission said Friday. http://www.ibtimes.com/articles/20080711/el-paso-settles-sec-charges-on-oil-gas-reserves.htm Fri, 11 Jul 2008 16:57:44 EDT The Securities and Exchange Commission has reached a $1.2 million settlement with the former CEO of Transkaryotic Therapies, who was accused of withholding negative company information while selling stock to benefit himself. http://www.ibtimes.com/articles/20080710/sec-settles-stock-fraud-case-against-former-ceo.htm Thu, 10 Jul 2008 17:54:06 EDT Sycamore Networks Inc. and three former executives on Wednesday agreed to settle federal regulators' allegations of improper backdating of stock options from late 1999 to mid-2002. http://www.ibtimes.com/articles/20080709/sycamore-3-ex-executives-settle-sec-charges.htm Wed, 09 Jul 2008 18:50:23 EDT An Argyle man convicted in a $15 million investment scam has been sentenced to 17 1/2 years in federal prison. A judge in Dallas on Tuesday sentenced 70-year-old Stanley A. Leitner. http://www.ibtimes.com/articles/20080709/texas-man-sentenced-in-15-million-investment-scam.htm Wed, 09 Jul 2008 10:20:41 EDT The three main credit-rating agencies failed to rein in conflicts of interest in giving high ratings to risky securities backed by subprime mortgages that later collapsed, federal regulators said Tuesday. http://www.ibtimes.com/articles/20080708/sec-finds-credit-raters-had-conflicts-of-interest.htm Tue, 08 Jul 2008 17:03:07 EDT Flash memory chip maker Silicon Storage Technology Inc. said Monday it was formally notified by the Securities and Exchange Commission that an investigation into its stock option granting practices has ended without any enforcement action recommended. http://www.ibtimes.com/articles/20080707/silicon-storage-sec-ends-options-investigation.htm Mon, 07 Jul 2008 18:07:57 EDT The Securities and Exchange Commission said Tuesday it has charged cable-chip company Microtune Inc. and two former executives with perpetrating a "fraudulent and deceptive stock option backdating scheme." http://www.ibtimes.com/articles/20080701/sec-charges-former-microtune-execs-with-backdating.htm Tue, 01 Jul 2008 17:37:37 EDT Football and men's basketball games for all 12 Southeastern Conference schools will be broadcast on XM Satellite Radio starting in the fall. The company announced Tuesday that it has added Alabama, Auburn, Florida and Vanderbilt to its lineup. The SEC had signed a five-year deal to let XM carry the games for seven schools starting last year and was already set to start carrying South Carolina games this season. http://www.ibtimes.com/articles/20080701/xm-fills-out-southeastern-conference-sports-lineup.htm Tue, 01 Jul 2008 16:45:04 EDT Mayor Larry Langford joined with an investment banker and a political friend Monday in asking a court to throw out a Securities and Exchange Commission lawsuit accusing them of a sweetheart scheme involving bond deals. http://www.ibtimes.com/articles/20080630/birmingham-mayor-asks-judge-to-toss-sec-lawsuit.htm Mon, 30 Jun 2008 18:44:44 EDT The Securities and Exchange Commission on Thursday proposed updated rules for energy companies that will require them to provide more detailed information to investors when reporting their oil and gas reserves. http://www.ibtimes.com/articles/20080626/sec-proposes-new-rules-for-oil-reserves.htm Thu, 26 Jun 2008 21:09:02 EDT Three presidential nominees to seats on the Securities and Exchange Commission won approval Wednesday from the Senate Banking Committee, sending their nominations to the full Senate and likely formal confirmation. http://www.ibtimes.com/articles/20080625/3-sec-nominees-clear-senate-panel.htm Wed, 25 Jun 2008 20:11:24 EDT The Securities and Exchange Commission said Tuesday it will study how the agency obtains information from public companies, brokerage firms, mutual funds and other financial players, and how it makes that data available to the public. http://www.ibtimes.com/articles/20080624/sec-starting-study-on-financial-disclosure.htm Tue, 24 Jun 2008 13:50:29 EDT Federal regulators on Thursday moved closer to adopting updated rules for energy companies that will require them to provide fuller information to investors when reporting their oil and gas reserves. http://www.ibtimes.com/articles/20080612/sec-advances-new-reporting-rules-for-oil-companies.htm Thu, 12 Jun 2008 16:29:03 EDT Online retailer Overstock.com Inc. said Friday it was told by the Securities & Exchange Commission's Salt Lake District Office that it has completed its investigation of the company and does not plan to recommend any enforcement action. http://www.ibtimes.com/articles/20080606/overstock-sec-completes-probe-plans-no-action.htm Fri, 06 Jun 2008 11:35:15 EDT Three presidential nominees to seats on the Securities and Exchange Commission voiced support Tuesday for having the agency reopen the issue of shareholders' say in companies' election of directors. http://www.ibtimes.com/articles/20080603/3-nominees-back-new-look-at-proxy-access.htm Tue, 03 Jun 2008 18:19:50 EDT The Securities and Exchange Commission on Tuesday named two deputy directors of its enforcement division. Scott Friestad, currently an associate director of enforcement, and George Curtis, director of the SEC's central regional office in Denver, were appointed deputy enforcement directors by SEC Chairman Christopher Cox. http://www.ibtimes.com/articles/20080603/sec-names-2-enforcement-deputies.htm Tue, 03 Jun 2008 13:53:51 EDT A Senate panel on Tuesday is holding a confirmation hearing for three people nominated by President Bush to seats on the Securities and Exchange Commission. http://www.ibtimes.com/articles/20080603/ahead-of-the-bell-sec-nominees-get-senate-hearing.htm Tue, 03 Jun 2008 06:44:49 EDT The Securities and Exchange Commission on Monday said Walter Ricciardi will retire as deputy director of the Division of Enforcement. Ricciardi, who came to the agency in 2004, will step down this month to join the law firm of Paul, Weiss, Rifkind, Wharton & Garrison LLP as a partner in the firm's New York office, according to a press release from the agency. http://www.ibtimes.com/articles/20080602/sec-enforcement-deputy-director-to-retire.htm Mon, 02 Jun 2008 17:31:34 EDT