SEC Charges Fortune 200 Company for Accounting Deficiencies

Posted by Teresa Bockwoldton June 12, 2013

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

House Passes Bill Which Effectively Weakens the SEC

Posted by Teresa Bockwoldton May 17, 2013

House Committee on Financial Services Announcement

WASHINGTON – The U.S. House of Representatives today passed the “SEC Regulatory Accountability Act” (H.R. 1062), a Republican bill which despite its common-sense title would greatly restrict the ability of the Securities and Exchange Commission (SEC) to protect millions of American investors. 

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Tags: SEC Regulatory Accountability Act, SEC

SEC charges CA officials with Defrauding Bond Investors

Posted by Alex Roweon May 1, 2013

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 April 30, 2013

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

KPMG Partner Busted for Insider Trading

Posted by Alex Roweon April 11, 2013
It’s been a big week for KPMG. They resigned as external audit from Herbalife and Skechers and fired the Senior Partner, Scott London, for insider trading. London had been at the firm for 29 years.
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Tags: skechers, Herbalife, insider trader, KPMG, SEC, cnbc, Scott London