Commission and Commission Staff Issue Updates to Interpretive Guidance on Revenue Recognition - The Securities and Exchange Commission today issued two releases and the SEC staff released a Staff Accounting Bulletin to update interpretive guidance regarding revenue recognition. Consistent with developments in private-sector accounting...

Banca IMI Securities to Pay $35 Million for Improper Handling of ADRs in Continuing SEC Crackdown - The Securities and Exchange Commission today announced that broker Banca IMI Securities Corp. (BISC), an indirect, wholly-owned U.S. subsidiary of Italian bank Intesa Sanpaolo SpA, has agreed to pay more than $35 million to settle charges that it...

SEC Uncovers Wide-Reaching Insider Trading Scheme - The Securities and Exchange Commission today announced insider trading charges against seven individuals who generated millions in profits by trading on confidential information about dozens of impending mergers and acquisitions.  Data...

SEC Charges KPMG with Audit Failures - The Securities and Exchange Commission today announced that KPMG has agreed to pay more than $6.2 million to settle charges that it failed to properly audit the financial statements of an oil and gas company, resulting in investors being...

SEC Files Charges in Oil Drilling Investment Scheme - The Securities and Exchange Commission today charged two Tennessee men and an accomplice in Fort Lauderdale with allegedly defrauding investors they lured by false promises of high returns from an oil drilling investment opportunity. According to...

SEC Staff Publishes Report on Access to Capital and Market Liquidity - The SEC Division of Economic and Risk Analysis (DERA) today published a report describing trends in primary securities issuance and secondary market liquidity, and assessing how those trends relate to post-crisis regulatory reforms. The...

Overseas Stock Manipulator Settles SEC Charges - The Securities Law Blog: Overseas Stock Manipulator Settles SEC Charges : "The Securities and Exchange Commission today announced that an overseas stock manipulator has agreed to pay nearly $800,000 and be permanently barred from involvement in...

Investment Management Director David W. Grim to Leave SEC - The Securities and Exchange Commission today announced that David W. Grim, Director of the Division of Investment Management, will leave the agency next month after more than 20 years of public service.  Mr. Grim, who joined the Division...

Donna Esau Named Associate Regional Director for Examinations in Atlanta Regional Office - The Securities and Exchange Commission today announced the promotion of Donna Esau to Associate Regional Director for Examinations in the agency's Atlanta Regional Office. Ms. Esau will direct a staff of approximately 40 accountants, examiners,...

Overseas Stock Manipulator Settles SEC Charges - The Securities and Exchange Commission today announced that an overseas stock manipulator has agreed to pay nearly $800,000 and be permanently barred from involvement in penny stocks after hiding his significant stake in a small oil & gas...

Powered by Feed Informer