International Business News - Securities 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 Wells Fargo & Co. late Wednesday disputed claims made by the Washington State Department of Financial Institutions that the company misled customers in the sale of more than $175 million of auction-rate securities. http://www.ibtimes.com/articles/20081204/wells-fargo-disputes-claims-by-state-regulator.htm Thu, 04 Dec 2008 13:50:35 EST Prudential Financial Inc. said Thursday it plans to sell its minority stake in retail brokerage Wachovia Securities to Wells Fargo and has applied to tap into the Treasury's capital purchase program. http://www.ibtimes.com/articles/20081204/prudential-to-sell-wachovia-venture-stake-to-wells.htm Thu, 04 Dec 2008 18:20:08 EST Massachusetts' top securities regulator on Tuesday accused Oppenheimer & Co. of fraud over the investment bank's sales of auction-rate securities to customers who couldn't access their money after the market for the risky investments froze. http://www.ibtimes.com/articles/20081118/mass-regulator-sues-oppenheimer-co.htm Tue, 18 Nov 2008 17:06:47 EST Drug developer Endo Pharmaceuticals Holdings Inc. said Monday it accepted a settlement on auction rate securities purchased from UBS. The $330 billion market for auction rate securities collapsed earlier this year. As of Sept. 30, Endo had $266.4 million in securities eligible under the deal, representing 93 percent of its total. The remaining 7 percent is not held in a UBS account. http://www.ibtimes.com/articles/20081117/endo-settles-auction-rate-securities-with-ubs.htm Mon, 17 Nov 2008 11:00:05 EST Montana's securities commissioner has ordered a Tennessee-based oil and gas development company, accused of defrauding Montana investors, to pay more than $657,000 in fines and restitution. http://www.ibtimes.com/articles/20081110/oil-firm-ordered-to-pay-restitution-to-investors.htm Mon, 10 Nov 2008 15:53:49 EST A former UBS AG executive who hatched an insider-trading scheme that prosecutors said was one of the biggest on Wall Street since the 1980s was sentenced on Monday to 78 months in prison. http://www.ibtimes.com/articles/20081103/former-ubs-exec-sentenced-in-ny.htm Mon, 03 Nov 2008 16:31:33 EST A Kentucky oilman with millions in civil judgments against him has agreed to stop selling oil and gas securities after reaching a deal with the Securities and Exchange Commission. http://www.ibtimes.com/articles/20081028/ky-firm-to-stop-selling-oil-and-gas-securities.htm Tue, 28 Oct 2008 14:56:34 EDT North Carolina securities officials say a 51-year-old Wake County man has been indicted on 33 counts of securities fraud and other charges. Hugh Anthony Wilson of Morrisville was being held on $150,000 bail Thursday at the Orange County jail. There was no attorney listed for Wilson. http://www.ibtimes.com/articles/20081003/nc-man-indicted-on-33-counts-of-securities-fraud.htm Fri, 03 Oct 2008 11:59:23 EDT Massachusetts' attorney general and secretary of state on Thursday urged a House panel probing the collapse of the auction-rate securities market to find a way to provide timely relief for investors. http://www.ibtimes.com/articles/20080918/mass-ag-wants-help-for-auction-rate-investors.htm Thu, 18 Sep 2008 13:17:30 EDT With a national financial crisis spiraling, House lawmakers on Thursday expressed some relief that earlier distress in one market at least--auction-rate securities--now appears to have eased with investors being compensated. http://www.ibtimes.com/articles/20080918/lawmakers-see-progress-in-auction-rate-securities.htm Thu, 18 Sep 2008 14:07:30 EDT Michigan Attorney General Mike Cox announced Thursday that his office reached a settlement with the investment arm of Comerica Inc. over the sale of $1.46 billion in auction-rate securities. http://www.ibtimes.com/articles/20080918/mich-ag-settles-with-comerica-in-securities-probe.htm Thu, 18 Sep 2008 14:19:02 EDT Regulators and financial industry executives are scheduled to update lawmakers Thursday about the failed market for auction-rate securities and efforts to return money to investors. http://www.ibtimes.com/articles/20080918/ahead-of-the-bell-auction-rate-securities.htm Thu, 18 Sep 2008 06:07:02 EDT Bank of America Corp. said Wednesday it will buy back about $4.5 billion worth of auction-rate securities held by roughly 5,500 customers nationwide as part of a settlement agreement with Massachusetts regulators. http://www.ibtimes.com/articles/20080911/bank-of-america-settles-securities-probe.htm Thu, 11 Sep 2008 02:17:36 EDT Bank of America Corp. said Wednesday it will buy back about $4.5 billion worth of auction-rate securities held by roughly 5,500 customers nationwide as part of a settlement agreement with Massachusetts regulators. http://www.ibtimes.com/articles/20080910/bank-of-america-settles-securities-probe.htm Wed, 10 Sep 2008 16:55:45 EDT General Electric Co. says the Securities and Exchange Commission staff has notified the company it may recommend fines and other action for possible violations of securities laws. http://www.ibtimes.com/articles/20080905/ge-says-sec-probing-possible-securities-violations.htm Fri, 05 Sep 2008 17:43:10 EDT Exchange operator CME Group Inc. said Wednesday that it has signed an agreement with Japan's Osaka Securities Exchange Co. to jointly develop products and services. http://www.ibtimes.com/articles/20080903/cme-group-osaka-securities-sign-agreement.htm Wed, 03 Sep 2008 07:43:34 EDT The state says Bank of America has agreed to redeem $43 million in auction rate securities held by the Massachusetts Turnpike Authority and one of the state's housing agencies. http://www.ibtimes.com/articles/20080827/bank-of-america-redeems-43m-in-securities.htm Wed, 27 Aug 2008 17:56:07 EDT Massachusetts' top securities regulator is asking Fidelity Investments to buy back auction rate securities it sold to customers. Secretary of State William Galvin told the Boston mutual fund company's chief executive, Edward Johnson III, by letter that he had "grave concern" about investors who have been unable to sell auction rate securities since the market dried up in February. http://www.ibtimes.com/articles/20080820/massachusetts-asks-fidelity-to-buy-back-securities.htm Wed, 20 Aug 2008 08:44:43 EDT A major Wall Street group spent more than $1 million in the second quarter lobbying on banking, trade and regulatory issues, according to a recent disclosure form. http://www.ibtimes.com/articles/20080815/wall-street-group-spent-over-1m-lobbying-in-2q.htm Fri, 15 Aug 2008 15:29:23 EDT New York Attorney General Andrew Cuomo said Friday he sent a letter to Merrill Lynch & Co. notifying the investment bank that his office will file suit against it imminently as part of an investigation into the collapse of the auction-rate securities market. http://www.ibtimes.com/data/articleimgs/109614-merrill-lynch.jpg http://www.ibtimes.com/articles/20080815/merrill-facing-lawsuit-over-securities-sale.htm http://www.ibtimes.com/articles/20080815/merrill-facing-lawsuit-over-securities-sale.htm Fri, 15 Aug 2008 15:14:56 EDT