SEC Proposes Disclosure Improvements for Variable ... - There have always been issues, and arbitrations regarding the disclosures made to investors when selling variable annuities. The SEC has announced that it has voted to propose rule changes designed to improve those disclosures. The proposal is...

GE's Debt Problems. - GE's debt-riddled balance sheet already forced out its CEO, led the storied company to slash its cherished dividend to a penny and prompted the sale of century-old businesses. Now, GE's mountain of debt, caused by years of poorly-timed...

NiSource Under Investigation - NiSource Inc. , the parent company of Columbia Gas, is under criminal investigation by the Massachusetts U.S. Attorney's Office, the company said in a regulatory filing this morning. In an SEC filing, NiSource said the company and Columbia were...

Securities Lawyer Blog: SEC Enforcement Division Issues Report on FY 2018 - The SEC's Enforcement Division's annual "rah-rah" piece, where they pat themselves on the back for the great job they are doing, is out. The report also highlights several actions and initiatives that the SEC believes were significant. No mention...

IRS Increases Retirement Contributions - The IRS released new contribution limits for employees who participate in 401(k) plans in 2019. The new number for those using pretax funds will be $19,000 in 2019, up from $18,500 in 2018. That limit will also apply to 403(b), Thrift Savings and...

SEC News - Fraud, Theft, and Improper Conduct - SEC Charges Lawyer and Her Husband in EB-5 Fraud A California-based immigration attorney and her husband have been charged in a fraudulent scheme that generated millions of dollars of undisclosed compensation from foreign investors seeking...

Merrill to Continue Pay Plan - According to InvestmentNews, Merrill Lynch will continue to reward its wealth management advisers for bringing in new client accounts. Last year, Merrill Lynch unveiled a 2018 pay grid that rewarded advisers who brought in a healthy number of...

SEC Stops Coin Offering That Claimed SEC Approval - The SEC announced that it has obtained an emergency court order halting a planned initial coin offering (ICO), which backers falsely claimed was approved by the SEC. The order also halts ongoing pre-ICO sales by the company, Blockvest LLC and...

Musk Mocks The SEC - I guess when you have a ton of money and just settled SEC charges you can throw caution to the wind, but I wouldn't recommend doing so. From Musk: "Just want to [sic] that the Shortseller Enrichment Commission is doing incredible work," he said....

SEC News - Fraud Charges, Failure to Report Suspicious Trading, and Misleading Investors - Elon Musk Settles SEC Fraud Charges; Tesla Charged With and Resolves Securities Law Charge Elon Musk, CEO and Chairman of Silicon Valley-based Tesla Inc., has agreed to settle the securities fraud charge brought by the SEC against him last week....

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