10 Great Investing Tips from the SEC

Posted by Teresa Bockwoldton Wed, Dec 28, 2016 @ 11:52 AM

This is a great email alert that came out today from the SEC:

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Tags: Accounting Tip of the Day, Securities and Exchange Commission, SEC, Investments

COSO 2013 Tips: How your 10-K language will change....

Posted by Teresa Bockwoldton Fri, May 16, 2014 @ 02:48 PM

Here's a quick tip on how your 10-K language may need to change to represent your compliance with the new COSO 2013 standards / Sarbanes-Oxley. Remember, this is due by 12/15/2014, it is not optional, and if you directly reference the 1992 guidance like most companies do, you will need to make this edit.

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Tags: Sarbanes-Oxley Articles & Information, Accounting Tip of the Day, Securities and Exchange Commission, Sarbanes-Oxley Training, Sarbanes-Oxley, COSO, COSO 2013, SEC

SEC Charges Florida Woman Behind Ponzi Scheme

Posted by Juliette Gibsonon Fri, Oct 04, 2013 @ 02:15 PM

The SEC charged Jenny Copland of South Florida with defrauding investors in a Ponzi Scheme targeting the local Colombian-American community by telling investors that her company Immigration General Services operated through an investment broker that would invest the money she raised in immigration bail bonds and turn a profit.

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Tags: Securities and Exchange Commission, Ponzi Scheme, fraud, SEC

Failed Audits of China-Based Company Lead to SEC Charges

Posted by Juliette Gibsonon Wed, Oct 02, 2013 @ 02:59 PM

Since our Vibato® Internal Control Suite® tools are available in Mandarin and our products have been being sold in China for several years, we are always interested in news surrounding SEC audits there. It is unfortunate to see a US-based auditing firm failing their clients and helping to continue the negative press China companies often receive while trying to comply with SEC standards. 

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Tags: audit, Securities and Exchange Commission, financial reporting, Compliance in China, SEC, SEC fines, audit deficiency

China Based Executives Charged with Fraud and Insider Trading

Posted by Juliette Gibsonon Fri, Sep 27, 2013 @ 11:12 AM

The SEC has charged the former CEO of ChinaCast Education Corporation with stealing tens of millions of dollars from investors and the former president with illegally dumping stock after helping to steal company assets.  Read more here. 

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Tags: Securities and Exchange Commission, fraud, SEC, insider trading

SEC Proposes Disclosure of CEO vs. Median Employee Pay Ratio

Posted by Teresa Bockwoldton Wed, Sep 18, 2013 @ 03:37 PM

This is a great article from FEI today. This seems to only serve the purpose of letting everyone know how severe the pay inequalities may be at any one organization so it should prove interesting to see if this moves beyond just a proposed ruling phase...

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Tags: Securities and Exchange Commission, disclosure, accounting, purposed rulings

SEC Charges Fortune 200 Company for Accounting Deficiencies

Posted by Teresa Bockwoldton Wed, Jun 12, 2013 @ 01:22 PM

The SEC claims PACCAR’s internal control procedures were ineffective and kept the company from adhering to various accounting rules.

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Tags: Securities and Exchange Commission, SEC, SEC fines

SEC charges CA officials with Defrauding Bond Investors

Posted by Alex Roweon Wed, May 01, 2013 @ 11:52 AM

SEC charges City of Victorville, CA officials with Defrauding Municipal Bond Investors

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Tags: Airport Authority, Securities and Exchange Commission, KND Affiliates, Janees Williams, Kinsell Newcomb & DeDois, Victorville, fraud, SEC, Keith Metzler, Jeffrey Kinsell

SEC REPORT: Level Global Agrees to Pay More Than $21.5 Million to Settle SEC Insider Trading Charges

Posted by Alex Roweon Tue, Apr 30, 2013 @ 11:05 AM

Level Global Investors have agreed to pay more than $21.5  million in fines to the SEC to settle charges that it’s Co-Founder, Anthony Chiasson, engaged in insider trading in the securities of of Dell Inc. and Nvidia Corp.  Also charged was former analyst, Spyridon “Sam” Adondakis, five investment professionals, and the hedge fund advisory firm, Diamondback Capital Management.

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Tags: Securities and Exchange Commission, Dell Inc., Nvidia Corp., Diamondback Capital Management, SEC, Level Global Investors, Adondakis, Chiasson, SEC fines

CA lawyer charged with FRAUD for his opinion mill

Posted by Alex Roweon Fri, Mar 08, 2013 @ 01:31 PM

The Securities and Exchange Commission has charged a California based lawyer, Brian Reiss, with selling fraudulent legal opinion letters through his website. These documents were issued to transfer agents on behalf of holders, to lift restrictions on stocks to be freely traded again.

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Tags: brian reiss, Securities and Exchange Commission, photoshop, 144, stock market, fraud, SEC, reiss