http://www.sec.gov/news/press.shtml The latest press releases from the Securities and Exchange Commission en-us Mon, 12 May 2008 00:00:01 EDT Mon, 12 May 2008 11:46:45 EDT http://www.sec.gov/news/press/2008/2008-84.htm The Securities and Exchange Commission today charged three Fort Lauderdale-area medical doctors with illegal insider trading, alleging that they reaped a combined total of more than a half-million dollars in profits from their illicit scheme. 2008-84 Mon, 12 May 2008 11:46:45 EDT http://www.sec.gov/news/press/2008/2008-83.htm The Securities and Exchange Commission has obtained an emergency court order freezing the assets of the alleged perpetrator of an Internet fraud scheme that reaped approximately $72 million from more than 3,000 investors in all 50 states and at least 30 foreign countries. 2008-83 Thu, 08 May 2008 17:34:30 EDT http://www.sec.gov/news/press/2008/2008-82.htm The Securities and Exchange Commission today charged a Silicon Valley semiconductor company and its co-founder for reporting false financial information to investors by improperly backdating stock option grants to employees. 2008-82 Thu, 08 May 2008 12:40:33 EDT http://www.sec.gov/news/press/2008/2008-81.htm The Securities and Exchange Commission's Division of Investment Management said today that it has prepared a recommendation for consideration by the Commission to increase the availability of capital to certain smaller companies that do not have ready access to the public capital markets or other forms of conventional financing. 2008-81 Wed, 07 May 2008 15:53:29 EDT http://www.sec.gov/news/press/2008/2008-80.htm The Securities and Exchange Commission has obtained a court order to stop a $27 million Ponzi scheme involving investors in the United States, Canada, and other countries. 2008-80 Wed, 07 May 2008 14:01:16 EDT http://www.sec.gov/news/press/2008/2008-79.htm Alexander F. Cohen, the current Deputy General Counsel for Legal Policy and Administrative Practice in the Securities and Exchange Commission's Office of the General Counsel, will be appointed the SEC's Deputy Chief of Staff effective May 9, 2008. 2008-79 Wed, 07 May 2008 13:19:35 EDT http://www.sec.gov/news/press/2008/2008-78.htm Securities and Exchange Commissioner Paul Atkins announced today that he intends to leave the SEC following the end of his term. Appointed by President Bush in August 2002 for the first of two terms, he plans to stay until his successor is appointed and takes office. 2008-78 Mon, 05 May 2008 15:45:34 EDT http://www.sec.gov/news/press/2008/2008-77.htm The Securities and Exchange Commission today announced the start of the process that will return more than $800 million in Fair Funds to harmed investors in American International Group, Inc., which settled SEC charges of financial fraud and improper financial reporting and disclosure over a four-year period. 2008-77 Mon, 05 May 2008 13:03:00 EDT http://www.sec.gov/news/press/2008/2008-76.htm The Securities and Exchange Commission has obtained an asset freeze and other emergency action to stop a $30 million hedge fund fraud by a San Diego-area investment adviser, Plus Money, Inc. 2008-76 Mon, 05 May 2008 12:38:10 EDT http://www.sec.gov/news/press/2008/2008-75.htm The Securities and Exchange Commission today announced that investors awaiting their refund checks from the Internal Revenue Service will simultaneously be receiving information about a new SEC phone-based resource that can help them learn more about various investing topics and avoid investment scams. 2008-75 Fri, 02 May 2008 15:41:22 EDT http://www.sec.gov/news/press/2008/2008-74.htm The Securities and Exchange Commission has obtained a court order halting a $25 million Ponzi-like scheme that particularly targeted Christian communities nationwide. 2008-74 Fri, 02 May 2008 14:37:21 EDT http://www.sec.gov/news/press/2008/2008-73.htm The Securities and Exchange Commission completed its 18th Annual International Institute for Securities Market Development on April 17, 2008. Record attendance at this year's training program totaled 192 senior securities officials from 76 foreign jurisdictions, including four jurisdictions attending the Institute for the first time. 2008-73 Fri, 02 May 2008 09:14:23 EDT http://www.sec.gov/news/press/2008/2008-72.htm The Securities and Exchange Commission today filed a settled enforcement action against Banc of America Investment Services, Inc. (BAISI) for failing to disclose to clients that in selecting investments for discretionary mutual fund wrap fee accounts, it favored two mutual funds affiliated with BAISI. 2008-72 Thu, 01 May 2008 12:01:48 EDT http://www.sec.gov/news/press/2008/2008-71.htm The Securities and Exchange Commission today filed enforcement actions against global advertising network McCann-Erickson Worldwide, its parent company, and two former executives for their roles in an accounting fraud involving intercompany transactions. 2008-71 Thu, 01 May 2008 10:00:53 EDT http://www.sec.gov/news/press/2008/2008-70.htm The Securities and Exchange Commission today announced that in fiscal year 2009, the fees that public companies and other issuers pay to register their securities with the Commission will be set at $55.80 per million dollars. In addition, the fees applicable to most securities transactions will be fixed at $9.30 per million dollars. 2008-70 Wed, 30 Apr 2008 16:31:02 EDT http://www.sec.gov/news/press/2008/2008-69.htm The Securities and Exchange Commission today charged Birmingham Mayor Larry Langford and two of his friends in connection with undisclosed payments to Langford related to municipal bond offerings and swap agreement transactions Langford directed on behalf of Jefferson County, Ala. 2008-69 Wed, 30 Apr 2008 13:02:16 EDT http://www.sec.gov/news/press/2008/2008-68.htm The Securities and Exchange Commission today charged two former senior executives at Monster Worldwide, Inc., for their alleged participation in a multi-year scheme to secretly backdate stock options granted to thousands of Monster officers, directors and employees. 2008-68 Wed, 30 Apr 2008 11:55:39 EDT http://www.sec.gov/news/press/2008/2008-67.htm The Securities and Exchange Commission has adopted rules requiring a registered investment company (fund) to disclose when it divests, in accordance with the Sudan Accountability and Divestment Act of 2007, from securities of issuers that the fund determines conduct or have direct investments in certain business operations in Sudan. The Commission adopted the rules on April 24, 2008. The Sudan Accountability and Divestment Act required the SEC to prescribe regulations requiring this disclosure by April 29, 2008. 2008-67 Tue, 29 Apr 2008 16:58:02 EDT http://www.sec.gov/news/press/2008/2008-66.htm Staff completes review of cross-border tender, exchange offer and business combination rules. 2008-66 Tue, 29 Apr 2008 13:10:34 EDT http://www.sec.gov/news/press/2008/2008-65.htm The Securities and Exchange Commission today announced the distribution of approximately $30.6 million to more than 250,000 investors who were affected by undisclosed market timing in certain RS Investments mutual funds. 2008-65 Fri, 25 Apr 2008 09:45:35 EDT http://www.sec.gov/news/press/2008/2008-64.htm The Securities and Exchange Commission today charged Paul S. Berliner, a Wall Street trader formerly associated with Schottenfeld Group LLC, with securities fraud and market manipulation for intentionally spreading false rumors about The Blackstone Group's acquisition of Alliance Data Systems (ADS) while selling ADS short. 2008-64 Thu, 24 Apr 2008 11:12:19 EDT http://www.sec.gov/news/press/2008/2008-63.htm The Securities and Exchange Commission today charged Broadcom Corporation for falsifying its reported income by backdating stock option grants over a five-year period. 2008-63 Tue, 22 Apr 2008 14:32:05 EDT http://www.sec.gov/news/press/2008/2008-62.htm The Securities and Exchange Commission announced today that Michael J. Halloran, Counselor to the Chairman and Deputy Chief of Staff, will leave the agency in May, with plans to return to the private sector. 2008-62 Mon, 21 Apr 2008 14:00:10 EDT http://www.sec.gov/news/press/2008/2008-61.htm The Financial Stability Forum (FSF) has issued its "Report on Enhancing Market and Institutional Resilience." This work was undertaken at the request of the G-7 Finance Ministers and Central Bank Governors and delivered for their recent meeting in Washington, D.C. 2008-61 Tue, 15 Apr 2008 13:13:49 EDT http://www.sec.gov/news/press/2008/2008-60.htm The Securities and Exchange Commission today announced the launch of its latest offensive targeting online boiler rooms, cold calls, and other potentially fraudulent financial solicitations circulating to unsuspecting investors. Such solicitations often use phony claims of SEC registration, false U.S. addresses, or endorsements from make-believe government agencies or international organizations to make their investment opportunities appear more credible. Some also falsely claim to be affiliated with established brokerage firms. 2008-60 Tue, 15 Apr 2008 12:02:27 EDT http://www.sec.gov/news/press/2008/2008-59.htm The Securities and Exchange Commission's Office of Public Affairs today issued the following statement regarding an article in yesterday's New York Times describing a recent groundbreaking SEC enforcement action against JPMorgan Chase & Co.. 2008-59 Wed, 09 Apr 2008 16:01:51 EDT http://www.sec.gov/news/press/2008/2008-58.htm The Securities and Exchange Commission today announced a court ruling that successfully concludes its effort to stop a $29.5 million severance package from being paid to the former CEO of Gemstar-TV Guide International, Henry C. Yuen, who committed securities fraud before leaving his position at the Pasadena, Calif.-based company. 2008-58 Wed, 09 Apr 2008 14:11:18 EDT http://www.sec.gov/news/press/2008/2008-57.htm The Securities and Exchange Commission today filed securities fraud charges against five former San Diego city officials who played key roles in the city’s inadequate municipal securities disclosures in 2002 and 2003. 2008-57 Mon, 07 Apr 2008 17:20:20 EDT http://www.sec.gov/news/press/2008/2008-56.htm The Securities and Exchange Commission today took action to stop a sophisticated Internet scheme that stole the identities of unsuspecting individuals and netted more than $66,000 in illicit profits in just seven weeks. 2008-56 Mon, 07 Apr 2008 14:34:24 EDT http://www.sec.gov/news/press/2008/2008-55.htm Securities and Exchange Commission Chairman Christopher Cox today announced the launch of a new Internet Web page that enables investors to more easily read, analyze, and compare the information provided by mutual funds related to fund cost, risk, and past performance. 2008-55 Mon, 07 Apr 2008 14:21:13 EDT http://www.sec.gov/news/press/2008/2008-54.htm The Securities and Exchange Commission today charged 11 individuals and three companies, alleging they conspired to illegally issue and sell unregistered stock in a purported diamond and gold mining company and lined their pockets with more than $64 million from 40,000 investors nationwide. 2008-54 Mon, 07 Apr 2008 14:01:52 EDT http://www.sec.gov/news/press/2008/2008-53.htm Securities and Exchange Commission Chairman Christopher Cox today issued the following statement regarding the Blueprint for Financial Regulatory Reform being proposed by the Treasury Department. 2008-53 Sat, 29 Mar 2008 15:52:02 EDT http://www.sec.gov/news/press/2008/2008-52.htm In a meeting at historic Blair House in Washington, Securities and Exchange Commission Chairman Christopher Cox and Australian Prime Minister Kevin Rudd today announced that the SEC, the Australian Securities and Investment Commission (ASIC) and the Australian Treasury Department have begun formal discussions to develop a mutual recognition arrangement for the two nations' securities markets. 2008-52 Sat, 29 Mar 2008 12:31:01 EDT http://www.sec.gov/news/press/2008/2008-51.htm The Securities and Exchange Commission today announced the appointment of Jane Jarcho as an Associate Regional Director for Examinations in its Chicago Regional Office (CHRO). 2008-51 Thu, 27 Mar 2008 10:30:44 EDT http://www.sec.gov/news/press/2008/2008-50.htm The Securities and Exchange Commission today charged Canadian pharmaceutical company Biovail Corporation and its former CEO, former CFO, and two current senior executives with engaging in a number of fraudulent accounting schemes and making a series of misstatements to analysts and investors. 2008-50 Mon, 24 Mar 2008 10:40:38 EDT http://www.sec.gov/news/press/2008/2008-49.htm The Securities and Exchange Commission today announced a series of actions it intends to take to further the implementation of the concept of mutual recognition for high-quality regulatory regimes in other countries. 2008-49 Mon, 24 Mar 2008 09:52:01 EDT http://www.sec.gov/news/press/2008/2008-48.htm Securities and Exchange Commission Chairman Christopher Cox today sent the following letter to the chairman of the Basel Committee on Banking Supervision expressing strong support for their planned updated guidance on liquidity management for banking organizations in light of the recent market turmoil. 2008-48 Thu, 20 Mar 2008 19:04:21 EDT http://www.sec.gov/news/press/2008/2008-46.htm The staff of the Securities and Exchange Commission today issued the following answers to frequently asked questions from investors regarding The Bear Stearns Companies, Inc. (Bear Stearns). 2008-46 Tue, 18 Mar 2008 14:55:50 EDT http://www.sec.gov/news/press/2008/2008-45.htm The Securities and Exchange Commission today filed settled securities fraud charges against W.P. Carey & Co., a manager of real estate investment trusts (REITs), and two of W.P. Carey's senior executives for paying undisclosed compensation to a brokerage firm that sold the REITs to investors. W.P. Carey did not disclose the payments to the broker-dealer, as it was required to do in the REITs' offering documents, and misrepresented the payments in the REITs' periodic filings. 2008-45 Tue, 18 Mar 2008 13:09:22 EDT http://www.sec.gov/news/press/2008/2008-44.htm The Securities and Exchange Commission's Division of Trading and Markets today issued the following statement regarding The Bear Stearns Companies. 2008-44 Fri, 14 Mar 2008 17:17:57 EDT http://www.sec.gov/news/press/2008/2008-43.htm The Securities and Exchange Commission today issued the following statement regarding The Bear Stearns Companies. 2008-43 Fri, 14 Mar 2008 10:32:04 EDT http://www.sec.gov/news/press/2008/2008-42.htm The Securities and Exchange Commission today filed an insider trading case against three individuals alleging illegal tipping and trading in advance of the April 30, 2007, announcement of Eurex Frankfurt A.G.'s $2.8 billion cash merger agreement with International Securities Exchange Holdings, Inc. 2008-42 Thu, 13 Mar 2008 12:33:03 EDT http://www.sec.gov/news/press/2008/2008-41.htm The Securities and Exchange Commission today suspended trading in the securities of 26 companies that appear to have usurped the identity of defunct or inactive publicly-traded corporations using a tactic known as corporate hijacking. The Commission ordered the suspensions because of questions regarding the adequacy and accuracy of information pertaining to their status as publicly-traded companies. 2008-41 Thu, 13 Mar 2008 09:32:11 EDT http://www.sec.gov/news/press/2008/2008-40.htm Securities and Exchange Commission Chairman Christopher Cox and Commodity Futures Trading Commission Acting Chairman Walter L. Lukken today signed a ground-breaking mutual cooperation agreement to establish a closer working relationship between their agencies. The agencies also announced their immediate plans to consider two new derivative products under the agreement. 2008-40 Mon, 10 Mar 2008 12:05:48 EDT http://www.sec.gov/news/press/2008/2008-39.htm The Commission's complaint alleges that Linda Woolf and David Gengler, both of Utah, duped seniors and others who had attended free introductory seminars into believing they would make extraordinary stock market profits if they bought expensive "Teach Me to Trade" classes, mentoring, and computer software. 2008-39 Mon, 10 Mar 2008 09:08:09 EDT http://www.sec.gov/news/press/2008/2008-38.htm The Securities and Exchange Commission has proposed to take additional steps to better safeguard investors and protect the integrity of the markets during short selling transactions by proposing a rule that would specify that abusive "naked" short selling is a fraud. 2008-38 Fri, 07 Mar 2008 14:37:21 EST http://www.sec.gov/news/press/2008/2008-37.htm The Securities and Exchange Commission and the Financial Industry Regulatory Authority (FINRA) today announced the schedule and beginning of registration for 14 regional CCOutreach BD seminars. These regional seminars are designed to help broker-dealer compliance officers perform their compliance responsibilities, and will be held in April, May, June and July at locations across the country. 2008-37 Fri, 07 Mar 2008 09:34:31 EST http://www.sec.gov/news/press/2008/2008-36.htm The Securities and Exchange Commission today announced that it has obtained an emergency court order against an unregistered securities day-trading firm in La Jolla, Calif., that was not disclosing to traders that more than one-third of their money was being used to cover other traders' losses or pay firm expenses. 2008-36 Thu, 06 Mar 2008 17:05:41 EST http://www.sec.gov/news/press/2008/2008-35.htm The Securities and Exchange Commission today issued a report reminding public pension funds of their responsibilities under the federal securities laws, and warning them that they assume a greater risk of running afoul of anti-fraud and other provisions if they do not have adequate compliance policies and procedures in place to prevent wrongdoing in their money management functions. 2008-35 Thu, 06 Mar 2008 14:50:21 EST http://www.sec.gov/news/press/2008/2008-34.htm The Securities and Exchange Commission's Office of the Chief Accountant has selected six professional accounting fellows for two-year terms beginning in 2008. 2008-34 Thu, 06 Mar 2008 11:30:41 EST http://www.sec.gov/news/press/2008/2008-33.htm Senior financial supervisors from five countries today issued a report that assesses a range of risk management practices among a sample of major global financial services organizations. 2008-33 Thu, 06 Mar 2008 10:00:17 EST http://www.sec.gov/news/press/2008/2008-32.htm The Securities and Exchange Commission today charged fund manager Fidelity Investments and 13 current or former employees including high-ranking executives for improperly accepting more than $1.6 million in travel, entertainment, and other gifts paid for by outside brokers courting the massive trading business Fidelity generates on behalf of the mutual funds it manages. 2008-32 Wed, 05 Mar 2008 16:02:59 EST http://www.sec.gov/news/press/2008/2008-31.htm The Securities and Exchange Commission today voted unanimously to propose amendments to Regulation S-P, which sets forth privacy obligations for entities regulated by the Commission. 2008-31 Tue, 04 Mar 2008 17:10:02 EST http://www.sec.gov/news/press/2008/2008-30.htm The Securities and Exchange Commission today voted unanimously to propose two new rules under the Investment Company Act to permit exchange-traded funds (ETFs) to operate without the need to obtain individual exemptive orders from the Commission. 2008-30 Tue, 04 Mar 2008 17:10:02 EST http://www.sec.gov/news/press/2008/2008-29.htm The Securities and Exchange Commission today filed a settled enforcement action against Nancy M. Tullos, the former vice president of human resources at Broadcom Corporation, for her participation in a five-year scheme to backdate stock options granted to Broadcom employees and officers. 2008-29 Tue, 04 Mar 2008 16:52:36 EST http://www.sec.gov/news/press/2008/2008-28.htm The Securities and Exchange Commission today announced the filing of an enforcement action against a Salt Lake City investment adviser and three of its principals for making undisclosed high-risk investments that resulted in the near total loss of the assets in two hedge funds managed by the adviser. 2008-28 Tue, 04 Mar 2008 13:11:22 EST http://www.sec.gov/news/press/2008/2008-27.htm The Securities and Exchange Commission staff today announced the schedule and beginning of registration for 25 regional seminars to help mutual fund and investment adviser chief compliance officers improve their effectiveness for the benefit of investors throughout the country. 2008-27 Mon, 3 Mar 2008 14:19:41 EST http://www.sec.gov/news/press/2008/2008-26.htm The Securities and Exchange Commission announced today that it has permanently suspended from practicing before the Commission an attorney who took a primary role in his client's fraud and filed false and misleading documents with the Commission. 2008-26 Mon, 3 Mar 2008 13:42:05 EST