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A.G. Edwards settles market-timing suit
A.G. Edwards & Sons Inc. of St. Louis yesterday settled with the Securities and Exchange Commission over allegations of mutual fund market timing. The firm agreed to pay $2.4 million in disgorgement and $1.5 million in penalties.
‘Blue sky’ exemptions for Nasdaq stocks
The Nasdaq Stock Market Inc. announced today that the Securities and Exchange Commission has exempted securities listed on the Nasdaq Capital Market from state "blue sky" registration requirements.
Distribution to start in Fannie Mae case
The Securities and Exchange Commission will begin distributing $357 million from its Fair Fund as part of its settlement with Fannie Mae on charges of fraud in connection with the preparation of its annual and quarterly statements.
Oil company to pay $44M for violations
Baker Hughes Inc., an international provider of oil field products and services, has agreed to pay more than $44 million in fines, penalties, and disgorgement of illicit profits, according to the Securities and Exchange Commission.
Lori Schock to leave SEC
The Securities and Exchange Commission announced today that Lori Schock, acting director of the Office of Investor Education and Assistance will step down, effective immediately.
Distribution begins in Jones settlement
The Securities and Exchange Commission today announced the distribution of a $79 million Fair Fund to current and former customers of Edward D. Jones & Co. LP.
Fewer securities class actions in 2006
The number of federal securities litigation class actions hit a record low of 106 cases last year compared to 169 in 2005, although settlement values remained high, according to a PricewaterhouseCoopers study released today.
Amendment urges easing of SOX
An amendment to a piece of legislation calling on the Securities and Exchange Commission and the Public Company Accounting Oversight Board to limit burdens on small and mid-sized companies was approved 97-0 by the Senate today.
SEC to hold discussions on proxy rules
The Securities and Exchange Commission will host a series of roundtable discussions in May on shareholder rights and the federal proxy rules.
Appeal Merrill rule decision, says SIFMA
Wall Street's largest trade group wants the Securities and Exchange Commission to appeal the recent decision by the U.S. Court of Appeals for the District of Columbia that overturned the controversial broker-dealer exemption rule.
Ex-HealthSouth chairman to pay $81M
Former HealthSouth Corp. chairman Richard Scrushy will pay $81 million for his part in a $2.6 billion financial fraud under a judgment announced by the Securities and Exchange Commission.
SEC to pay $125M to PBHG investors
The Securities and Exchange Commission today announced a $125 million distribution to more than 254,000 investors hurt by fraudulent market timing in the PBHG Funds.
