http://www.sec.gov/news/press.shtml The latest press releases from the Securities and Exchange Commission en-us Thu, 3 Jul 2008 00:00:01 EDT Thu, 3 Jul 2008 14:01:04 EDT http://www.sec.gov/news/press/2008/2008-133.htm The Securities and Exchange Commission today published a final rule and new interpretive guidance to improve the rulemaking process for exchanges and other self-regulatory organizations (SROs) that operate under SEC oversight. 2008-133 Thu, 3 Jul 2008 14:01:04 EDT http://www.sec.gov/news/press/2008/2008-132.htm The Securities and Exchange Commission announced today that Dr. Stewart Mayhew has been promoted to Deputy Chief Economist in the agency's Office of Economic Analysis. 2008-132 Thu, 3 Jul 2008 11:06:25 EDT http://www.sec.gov/news/press/2008/2008-131.htm The Securities and Exchange Commission announced today that Jacob H. Stillman, the SEC's Solicitor, has been selected to receive the Federal Bar Association's 48th Annual Justice Tom C. Clark Award for Outstanding Government Attorney. 2008-131 Wed, 2 Jul 2008 14:06:22 EDT http://www.sec.gov/news/press/2008/2008-130.htm The Securities and Exchange Commission today announced the panelists and agenda for its July 9 roundtable on fair value accounting and auditing standards. 2008-130 Wed, 2 Jul 2008 11:32:46 EDT http://www.sec.gov/news/press/2008/2008-129.htm Gallagher to join director Sirri, deputy director Colby as part of division's senior management team. 2008-129 Tue, 1 Jul 2008 15:46:11 EDT http://www.sec.gov/news/press/2008/2008-128.htm The Securities and Exchange Commission has charged Microtune, Inc. and two former senior officers for perpetrating a fraudulent and deceptive stock option backdating scheme that awarded themselves and other employees millions of dollars in undisclosed compensation. The backdating scheme caused the Plano, Texas-based technology company to file false and misleading financial statements. 2008-128 Tue, 1 Jul 2008 15:21:22 EDT http://www.sec.gov/news/press/2008/2008-127.htm The Securities and Exchange Commission today published for public comment proposed rule changes to make the limits and purposes of credit ratings clear to investors and ensure that the role assigned to ratings in SEC rules is consistent with the objectives of having investors make an independent judgment of credit risks. 2008-127 Tue, 1 Jul 2008 12:54:34 EDT http://www.sec.gov/news/press/2008/2008-126.htm The Securities and Exchange Commission today announced that Chief Information Officer R. Corey Booth completed his SEC service on June 30 and will join the Boston Consulting Group in New York as a leader of its financial services practice. 2008-126 Tue, 1 Jul 2008 11:03:51 EDT http://www.sec.gov/news/press/2008/2008-125.htm Securities and Exchange Commission Chairman Christopher Cox today made the following statement after today's U.S. Senate confirmation of three SEC Commissioner nominees... 2008-125 Fri, 27 Jun 2008 15:31:59 EDT http://www.sec.gov/news/press/2008/2008-124.htm The Securities and Exchange Commission today published for public comment proposed rule amendments to increase the range of services foreign broker-dealers are allowed to offer in the United States. The proposed amendments also would maintain a regulatory structure designed to protect investors and the public interest. 2008-124 Fri, 27 Jun 2008 13:27:53 EDT http://www.sec.gov/news/press/2008/2008-123.htm The Securities and Exchange Commission has published for public comment a new rule proposal that would protect seniors and other investors from fraudulent and abusive practices in the sale of equity indexed annuities. 2008-123 Thu, 26 Jun 2008 17:04:15 EDT http://www.sec.gov/news/press/2008/2008-122.htm The Securities and Exchange Commission today announced that it has proposed revised oil and gas company reporting requirements to help provide investors with a more accurate and useful picture of the oil and gas reserves that a company holds. 2008-122 Thu, 26 Jun 2008 15:46:51 EDT http://www.sec.gov/news/press/2008/2008-121.htm The Securities and Exchange Commission today announced a Fair Fund distribution totaling more than $5.6 million to 534 investors who were victims of a fraudulent pump-and-dump scheme involving the stock of tool maker Spear & Jackson, Inc. 2008-121 Wed, 25 Jun 2008 14:02:08 EDT http://www.sec.gov/news/press/2008/2008-120.htm The Securities and Exchange Commission today charged St. Louis-based broker-dealer Scottrade, Inc., for fraudulent misrepresentations it made to customers relating to the firm's execution of their Nasdaq pre-open orders, which are placed after the day's market close to be executed at the next market opening. Without admitting or denying the Commission's findings, Scottrade agreed to pay a $950,000 penalty to settle the SEC's charges. 2008-120 Tue, 24 Jun 2008 14:13:54 EDT http://www.sec.gov/news/press/2008/2008-119.htm Securities and Exchange Commission Chairman Christopher Cox today announced the kickoff of an ambitious effort to examine fundamental questions about the way the SEC acquires information from public companies, mutual funds, brokers, and other regulated entities, and the way it makes that information available to investors and the markets. 2008-119 Tue, 24 Jun 2008 11:35:22 EDT http://www.sec.gov/news/press/2008/2008-118.htm The Securities and Exchange Commission today announced the distribution of approximately $26.6 million to more than 250 investors in the Banc of America Securities LLC (BAS) settlement. In March 2007, BAS paid $26 million in disgorgement and penalties to settle SEC charges that the firm published false research on three companies and failed to safeguard its nonpublic research information. 2008-118 Mon, 23 Jun 2008 14:49:35 EDT http://www.sec.gov/news/press/2008/2008-117.htm The Securities and Exchange Commission announced today that it will host a roundtable on July 9, 2008, to facilitate an open discussion of the benefits and potential challenges associated with existing fair value accounting and auditing standards. 2008-117 Fri, 20 Jun 2008 15:53:06 EDT http://www.sec.gov/news/press/2008/2008-116.htm The Securities and Exchange Commission announced today that it has approved a one-year extension of the compliance date for smaller public companies to meet the Section 404(b) auditor attestation requirement of the Sarbanes-Oxley Act. 2008-116 Fri, 20 Jun 2008 14:37:12 EDT http://www.sec.gov/news/press/2008/2008-115.htm The Securities and Exchange Commission today charged two former Bear Stearns Asset Management (BSAM) portfolio managers for fraudulently misleading investors about the financial state of the firm's two largest hedge funds and their exposure to subprime mortgage-backed securities before the collapse of the funds in June 2007. 2008-115 Thu, 19 Jun 2008 13:08:14 EDT http://www.sec.gov/news/press/2008/2008-114.htm The Securities and Exchange Commission today distributed more than $103 million to investors who lost money because of mutual fund market timing and late trading involving Banc of America Capital Management LLC (BACAP) and several of its affiliates. 2008-114 Wed, 18 Jun 2008 14:51:21 EDT http://www.sec.gov/news/press/2008/2008-113.htm Securities and Exchange Commission Chairman Christopher Cox today named Donald M. Hoerl as the Acting Regional Director of the SEC's Denver Regional Office. 2008-113 Wed, 18 Jun 2008 14:38:15 EDT http://www.sec.gov/news/press/2008/2008-112.htm The world's securities authorities - represented by IOSCO, as well as the European Commission, the Japan Financial Services Agency and the U.S. Securities and Exchange Commission, the securities authorities in the world's three largest capital markets - welcome the upcoming roundtable organized by the IASCF regarding the creation of an IASCF Monitoring Group. 2008-112 Wed, 18 Jun 2008 07:00 EDT http://www.sec.gov/news/press/2008/2008-111.htm The Securities and Exchange Commission's Division of Corporation Finance and Office of the Chief Accountant announced today that they have prepared for the Commission's consideration recommendations for updating and modernizing the reporting requirements for oil and gas companies. 2008-111 Thu, 12 Jun 2008 13:00:32 EDT http://www.sec.gov/news/press/2008/2008-110.htm The Securities and Exchange Commission today voted to formally propose a comprehensive series of credit rating agency reforms to bring increased transparency to the ratings process and curb practices that contributed to recent turmoil in the credit markets. 2008-110 Wed, 11 Jun 2008 15:15:05 EDT http://www.sec.gov/news/press/2008/2008-109.htm Securities and Exchange Commission Chairman Christopher Cox today made the following statement in connection with today's announcement by New York State Attorney General Andrew Cuomo regarding an agreement reached with three credit rating agencies. 2008-109 Thu, 5 Jun 2008 12:01:13 EDT http://www.sec.gov/news/press/2008/2008-108.htm The Securities and Exchange Commission today announced the list of panelists scheduled to participate in the International Roundtable on Interactive Data for Public Financial Reporting scheduled for June 10, 2008, from 9:30 a.m. to 12:00 p.m. The Roundtable follows the issuance on May 30, 2008, of a proposed rule on Interactive Data to Improve Financial Reporting. 2008-108 Wed, 4 Jun 2008 13:51:52 EDT http://www.sec.gov/news/press/2008/2008-107.htm Securities and Exchange Commission Chairman Christopher Cox today announced that Steven B. Harris has been appointed to the Public Company Accounting Oversight Board (PCAOB). 2008-107 Wed, 4 Jun 2008 09:30:38 EDT http://www.sec.gov/news/press/2008/2008-106.htm Securities and Exchange Commission Chairman Christopher Cox today announced that six former SEC chairmen will join him for a roundtable discussion on Wednesday, June 4, 2008, at the agency's headquarters in Washington D.C. 2008-106 Tue, 3 Jun 2008 15:48:24 EDT http://www.sec.gov/news/press/2008/2008-105.htm The Securities and Exchange Commission and the Commodity Futures Trading Commission today announced that each has approved the trading and clearing of two novel derivative products 2008-105 Tue, 3 Jun 2008 14:39:51 EDT http://www.sec.gov/news/press/2008/2008-104.htm Securities and Exchange Commission Chairman Christopher Cox and Linda Chatman Thomsen, Director of SEC's Division of Enforcement, announced today that George Curtis and Scott Friestad have been appointed as the new Deputy Directors in the Enforcement Division. 2008-104 Tue, 3 Jun 2008 12:25:11 EDT http://www.sec.gov/news/press/2008/2008-103.htm The Securities and Exchange Commission today announced that Walter G. Ricciardi will retire as Deputy Director of the Division of Enforcement in June. He will join the law firm of Paul, Weiss, Rifkind, Wharton & Garrison LLP as a partner in the firm's New York office. 2008-103 Mon, 2 Jun 2008 14:01:42 EDT http://www.sec.gov/news/press/2008/2008-102.htm The Securities and Exchange Commission today charged Massachusetts high-tech company Analog Devices, Inc. and its CEO Jerald Fishman for reporting false compensation and related financial information to investors by backdating stock option grants to officers, directors and employees. Without admitting or denying the SEC's findings, Analog and Fishman agreed to settle charges against them by consenting to the entry of an administrative cease-and-desist order. 2008-102 Fri, 30 May 2008 14:33:30 EDT http://www.sec.gov/news/press/2008/2008-101.htm The Securities and Exchange Commission today charged a former partner at Ernst & Young LLP, his friend, and his friend's father in an insider trading scheme that resulted in nearly $600,000 in illicit profits. 2008-101 Thu, 29 May 2008 11:27:04 EDT http://www.sec.gov/news/press/2008/2008-100.htm Securities and Exchange Commission Chairman Christopher Cox today announced the appointment of Rosalind Tyson as Regional Director of the Commission's Los Angeles Regional Office. As Regional Director she will oversee the office's enforcement and examination functions in Southern California, Arizona, Nevada, and Hawaii. Ms. Tyson has been Acting Regional Director of the office since the departure of Randall Lee last year. 2008-100 Thu, 29 May 2008 10:52:58 EDT http://www.sec.gov/news/press/2008/2008-99.htm Securities and Exchange Commission Chairman Christopher Cox today announced the appointment of Marc Fagel as Regional Director of the Commission's San Francisco Regional Office. As Regional Director he will oversee the office's enforcement and examination functions in Northern California and the Pacific Northwest. Mr. Fagel has been Co-Acting Regional Director of the office since the departure of Helane Morrison last year. 2008-99 Thu, 29 May 2008 10:52:58 EDT http://www.sec.gov/news/press/2008/2008-98.htm The Chairmen of four Canadian securities regulators and the Chairman of the U.S. Securities and Exchange Commission (SEC), following a series of meetings coinciding with the annual conference of the International Organization of Securities Commissions (IOSCO), announced today a schedule for the completion of a process agreement that would open the way for discussions of a potential U.S.–Canada mutual recognition arrangement. 2008-98 Thu, 29 May 2008 10:52:58 EDT http://www.sec.gov/news/press/2008/2008-97.htm The SEC requested the relief when it filed a complaint on May 27, 2008, against North American Clearing, its founder and director Richard L. Goble, its president Bruce B. Blatman, and its former financial and operations principal Timothy J. Ward, charging them with fraud and other securities laws violations. 2008-97 Wed, 28 May 2008 11:43:51 EDT http://www.sec.gov/news/press/2008/2008-96.htm The Securities and Exchange Commission announced today that SEC Secretary Nancy Morris is leaving the Commission to become an Executive Vice President at Allianz Global Investors of America, where she will have broad U.S. legal compliance responsibilities. 2008-96 Fri, 23 May 2008 15:48:05 EDT http://www.sec.gov/news/press/2008/2008-95.htm The Securities and Exchange Commission today signed protocols to share information on the application of International Financial Reporting Standards (IFRS) with financial regulators in four European countries. 2008-95 Fri, 23 May 2008 12:10:48 EDT http://www.sec.gov/news/press/2008/2008-94.htm The Securities and Exchange Commission today voted unanimously to formally propose that mutual fund investors get access to key information about fees, performance, and strategies through interactive data, which would permit comparison shopping among thousands of funds with all the ease of conducting an Internet search. 2008-94 Wed, 21 May 2008 14:38:04 EDT http://www.sec.gov/news/press/2008/2008-93.htm he Securities and Exchange Commission announced today's conclusion of an international meeting of regulators to discuss cross-border takeovers of public companies. The meeting was attended by more than 40 officials (from 28 countries) who are responsible for regulating transactions related to attempts to gain control of public companies by acquiring outstanding shares held by investors. 2008-93 Tue, 20 May 2008 15:53:40 EDT http://www.sec.gov/news/press/2008/2008-92.htm The Securities and Exchange Commission today filed settled charges against Brooks Automation, Inc., alleging that the Chelmsford, Mass. semiconductor capital equipment company overstated its income and understated employee compensation expenses in its financial statements by $64.5 million during a 10-year period due to its failure to properly account for employee stock options. 2008-92 Mon, 19 May 2008 12:20:14 EDT http://www.sec.gov/news/press/2008/2008-91.htm The Securities and Exchange Commission has charged an Italian machinery engineer with insider trading and obtained an emergency asset freeze of the more than $2.1 million illicit profit that he made only days ago from highly suspicious trading in his U.S. brokerage account in the securities of DRS Technologies, Inc., prior to the public disclosure of advanced merger negotiations. 2008-91 Fri, 16 May 2008 10:24:33 EDT http://www.sec.gov/news/press/2008/2008-90.htm The Securities and Exchange Commission today broadened small business financing opportunities by adopting a rule amendment under the Investment Company Act to increase the availability of capital to certain smaller companies that may not have ready access to the public capital markets or other forms of conventional financing. 2008-90 Thu, 15 May 2008 15:43:12 EDT http://www.sec.gov/news/press/2008/2008-89.htm Conrad W. Hewitt, the Commission's Chief Accountant, announced today the selection of Donal Byard, Susan Krische, and Roger Martin as Academic Accounting Fellows for fixed terms beginning this summer. 2008-89 Thu, 15 May 2008 13:07:29 EDT http://www.sec.gov/news/press/2008/2008-88.htm The Securities and Exchange Commission today filed securities fraud charges against the promoters of an $18 million real estate investment scheme targeting the African-American community in the Los Angeles area and other locations in Nevada and Georgia. 2008-88 Wed, 14 May 2008 15:39:28 EDT http://www.sec.gov/news/press/2008/2008-87.htm The Securities and Exchange Commission today charged two current and two former top officers of Irvine, Calif.-based Broadcom Corporation for their alleged participation in a five-year systematic scheme to secretly backdate stock options granted to virtually all Broadcom officers and employees. 2008-87 Wed, 14 May 2008 15:01:06 EDT http://www.sec.gov/news/press/2008/2008-86.htm The Securities and Exchange Commission today filed a settled enforcement action charging Willbros Group, Inc. and four former employees with violations of the Foreign Corrupt Practices Act (FCPA), alleging that they paid more than $6 million in undisclosed bribes to Nigerian government officials and others to obtain significant contracts for the Houston-based company. 2008-86 Wed, 14 May 2008 14:41:59 EDT http://www.sec.gov/news/press/2008/2008-85.htm The Securities and Exchange Commission today voted unanimously to formally propose using new technology to get important information to investors faster, more reliably, and at a lower cost. 2008-85 Wed, 14 May 2008 14:28:53 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