Tags: securities and exchange commission

City Charged with Securities Fraud

Econintersect:  Harriburg, PA has been charged by the SEC (Securities and Exchange Commission) with making misleading public statements in the city’s budget report, annual and midyear financial statements in the time period (2009-2011) before the city we… more »

The Hidden Books of Banking

April 4th, 2013
in econ_news, syndication

Econintersect:  Some of the hidden books in banking may be run by the banks and some may be run by employees hiding from the bank.  Matthew M. Taylor pled guilty today (Wednesday, 03 April 2013) of hiding from his employer Goldman Sachs (NYSE:GS) $8.3 bi… more »

SAC Capital: The Cost of Doing Business

March 15th, 2013
in econ_news, syndication

Econintersect:  The SEC (Securities and Exchange Commission) has reached an agreement with SAC Capital to settle two separate insider trading cases for a total of $614 million.  SAC Capital is a hedge fund run by the legendary Steven Cohen.  The larger s… more »

SEC: Illinois Charged With Fraud

March 12th, 2013
in econ_news, syndication

Econintersect:  The Securities and Exchange Commission (SEC) has filed a cease-and-desist order against the State of Illinois today (11 March 2013).  The state is charged with deceiving investors regarding underfunded state pension funds.     Sourc… more »

GAO: SEC Should Increase FINRA Oversight

June 3rd, 2012
in econ_news

Econintersect:  The Government Accountability Office has issued a report that is critical of the operation of FINRA (Financial Industry Regulatory Authority), a securities industry self-regulatory organization.  The report specifically reviews weaknesses… more »

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