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Keyword: sec

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  • Chinese Internet Giant Could Win Largest Ever U.S. Initial Stock Offering

    07/16/2014 9:37:41 AM PDT · by PoloSec · 7 replies
    The Free Beacon ^ | July 16 2014 | Daniel Wiser
    A Chinese Internet giant is expected to win approval from the Securities and Exchange Commission (SEC) for potentially the largest ever U.S. initial stock offering despite a myriad of investment and security risks posed by the IPO, critics say. Alibaba Group Holding Ltd., a Chinese company whose online retail sales exceed those of U.S. competitors, such as Amazon or Ebay, currently awaits SEC approval for the stock sale that could raise as much as $20 billion. The SEC has assented to several IPOs of Chinese companies with similar corporate structures since 2000. However, critics of the offering say the potential...
  • DHS Sec: Don’t Enforce Immigration Law In Courthouses

    05/29/2014 4:20:29 PM PDT · by Nachum · 15 replies
    The Daily Caller ^ | 5/29/14 | Tristyn Bloom
    Homeland Security Secretary Jeh Johnson thinks courthouses should be “immigration enforcement-free zones,” reports the Washington Times. “Courthouses are special,” he said in testimony before Congress Thursday, meaning that the government ought not target illegal immigrants who may be there–a status already granted to schools, hospitals, and places of worship. (RELATED: Immigration Enforcement Isn’t Smart, Obama Says) The issue came up during the House Judiciary Committee’s Homeland Security Department Oversight hearing when Rep. Jerrold Nadler (D-NY) asked Johnson whether he thought courthouses ought be added to this list of “sensitive locations.” “People have been apprehended by ICE when they went to...
  • Mark Cuban Takes on Snapchat with Cyber Dust

    05/13/2014 8:45:51 PM PDT · by george76 · 9 replies
    FOX Business ^ | May 13, 2014 | Katie Roof
    In a world where texts, tweets and emails can potentially be used against you, billionaire investor Mark Cuban launched Cyber Dust, an app for disappearing text messages and photos. Once the recipient views the note, it vanishes in seconds. Cuban says he was inspired to create this service after being challenged by the FCC over insider trading allegations, of which he was eventually cleared. “What I learned very quickly was they took old emails and messages and created whatever context they wanted to create for it,” says Cuban. Cuban took his idea to app developers and launched Cyber Dust to...
  • Michael Sam wins Arthur Ashe Award

    05/07/2014 9:19:20 AM PDT · by EveningStar · 31 replies
    ESPN ^ | May 7, 2014
    Michael Sam has been selected as the winner of the Arthur Ashe Courage Award. The former Missouri defensive end, who likely will be taken in this week's NFL draft, will receive the award given to individuals who transcend sports at the 2014 ESPYS on July 16. Sam, the SEC's defensive player of the year this past season, has announced he is gay and would become the first openly gay player in the NFL. He said in an interview with ABC's "Good Morning America" on Tuesday that he hopes to inspire other athletes.
  • Brent Musburger to SEC Network, Will No Longer Call Sat. Night Football on ABC

    03/12/2014 7:06:52 PM PDT · by ConservativeStatement · 19 replies
    Breitbart ^ | March 12, 2014
    On Wednesday, ESPN announced that Brent Musburger will leave his partnership with Kirk Herbstreit on ABC's Saturday Night Football broadcast to join Jesse Palmer to call games for ESPN's new SEC Network. It is believed that ESPN did not want to lose Chris Fowler's services in a contract year, and the GameDay host is the favorite to be in the booth with Herbstreit. There may be a bigger role for Rece Davis as well.
  • Fannie Mae, Freddie Mac Nationalized, Shareholders Lost Billions

    03/11/2014 9:16:53 PM PDT · by jyro · 14 replies
    Mortgage lenders Fannie Mae and Freddie Mac tumbled Tuesday on news of a deal to close them down. Both stocks lost about 40% of their value in one hour. An announcement of the deal, crafted by the Senate Budget Committee's top Democrat and Republican, did not disclose a timeline for the closure but said a draft of the legislation would be released soon. It is likely years away from its final approval. With multiple bi-partisan efforts and the support of President Obama congress managed to dissolve billions of investors retirement funds.
  • The incredible stock-picking ability of SEC employees

    02/27/2014 10:26:23 PM PST · by Brad from Tennessee · 22 replies
    Washington Post ^ | February 27, 2014 | By Jia Lynn Yang
    Forget hiring a top hedge fund to manage your portfolio. Your better bet might be an employee at the Securities and Exchange Commission, according to a new report suggesting that regulators are trading on inside information relating to investigations and upcoming enforcement actions. In the report titled "The Stock Picking Skills of SEC Employees," researchers found that SEC employees' stock purchases look like your average person's. But when these employees sell their stocks, they appear to systematically beat the market by making sales within weeks of costly enforcement actions by the agency. "These results suggest that SEC employees potentially trade...
  • SEC Employees Make Great Stock Pickers

    02/25/2014 10:23:24 AM PST · by reaganaut1 · 11 replies
    Turnkey Analyst ^ | February 24, 2014 | Wesley R. Gray
    Stock Picking Skills of SEC Employees Jawad M. Addoum, Alok Kumar, Kelvin Law Abstract: We use a new data set obtained via a Freedom of Information Act request to investigate the trading strategies of the employees of the Securities and Exchange Commission (SEC). We find that a hedge portfolio that goes long on SEC employees’ buys and short on SEC employees’ sells earns positive and economically significant abnormal returns of (i) about 4% per year for all securities in general; and (ii) about 8.5% in U.S. common stocks in particular. The abnormal returns stem not from the buys but from...
  • Michael Sam, Missouri Star And NFL Prospect, Announces He’s Gay

    02/09/2014 5:53:01 PM PST · by massmike · 150 replies
    http://nesn.com/ ^ | 02/09/2014 | NESN Staff
    Michael Sam, the SEC’s Defensive Player of the Year and Missouri’s All-American defensive lineman, told ESPN’s Outside the Lines and The New York Times on Sunday that he is gay. Sam is projected to be a mid-round pick in the 2014 NFL Draft after leading the SEC with 11.5 sacks and 19 tackles for a loss, but he’ll be happy playing for whatever team wants him.
  • WAR EAGLE!

    12/07/2013 5:40:55 PM PST · by Clint N. Suhks · 78 replies
    WOO HOO! | 12/7/13 | ME!!!
    WAR EAGLE! BCS BABY!
  • No. 7 Auburn survives No. 25 Georgia, 43-38

    11/16/2013 4:53:52 PM PST · by Hoodat · 50 replies
    Yahoo Sports ^ | 11/16/2013 | John Zenor
    Ricardo Louis scored on a deflected 73-yard pass on fourth and 18 with 25 seconds left to lift No. 7 Auburn to a stunning 43-38 victory over No. 25 Georgia on Saturday night. The Tigers (10-1, 6-1 Southeastern Conference) had blown a 27-7 lead but pulled out one more huge play to continue the biggest turnaround in major college football. From 3-9 last year, they can win the SEC West with a victory in two weeks against No. 1 Alabama. Auburn's Nick Marshall heaved the ball downfield with two defenders around Louis. It bounced off safety Josh Harvey-Clemons and right...
  • US financial regulators use no technology

    09/11/2013 11:52:55 AM PDT · by Ernest_at_the_Beach · 4 replies
    Fudzilla ^ | Wednesday, 11 September 2013 08:53 | Written by Nick Farrell
    How to fight 21st century financial crime with 19th century tools A US House of Representatives committee is investigating whether federal securities regulators are using last century's tools to review corporations' books. House Oversight Committee Chairman Darrell Issa penned a stiff missive to Securities and Exchange Commission Chair Mary Jo White asking for an explanation of why the regulator has been so slow to embrace the use of eXtensible Business Reporting Language, or XBRL. White has been wanting more funds to hire additional staff but apparently is less interested in moving to XBRL. Issa pointed out that interactive data in financial...
  • Anatomy Of A Lawsuit: SEC Vs. Bank Of America (BOAMS 2008-A) Mortgage-backed Security

    08/11/2013 4:23:40 PM PDT · by whitedog57 · 1 replies
    Confounded Interest ^ | 08/11/2013 | Anthony B. Sanders
    The Securities and Exchange Commission (SEC) has filed a lawsuit against Bank of American over the BOAMS 2008-A securitization of a pool of adjustable-rate mortgages (ARMs). Here is the complaint filed by the SEC. The theme of the complaint is “fraud.” Let’s take a look inside the deal. Here is the prospectus supplement for BOAMS 2008-A dated January 25, 2008. The BOAMS 2008-A was a senior-subordinated, structured finance securitization. boams2008atr The pool of mortgage underlying BOAMS 2008-A were mostly from California, 100% were ARMs originated or refinanced in 2007, boams2008acollatcomp 83.1% of the loans had borrowers with FICO scores of...
  • Company with ties to Terry McAuliffe is under SEC investigation

    08/02/2013 10:17:58 AM PDT · by Sub-Driver · 16 replies
    Company with ties to Terry McAuliffe is under SEC investigation By Tom Hamburger and Ben Pershing, Friday, August 2, 12:32 PM E-mail the writers An electric-car company co-founded by Virginia gubernatorial candidate Terry McAuliffe (D) is under investigation by the Securities and Exchange Commission over its conduct in soliciting foreign investors, according to law-enforcement documents and company officials. The SEC subpoenaed documents in May from GreenTech Automotive and bank records from a sister company, Gulf Coast Funds Management of McLean. The investigation is focused, at least in part, on alleged claims that the company “guarantees returns” to the investors, according...
  • Staff data leaks out of the SEC

    07/25/2013 4:18:18 AM PDT · by onyx · 3 replies
    The Hill ^ | 07/25/13 05:00 AM ET | By Peter Schroeder
    A serious data breach at the Securities and Exchange Commission transferred personal data about current and former employees into the computer system of another federal agency, a letter sent by the SEC to staff reveals.The July 8 letter, obtained by The Hill, is from Thomas Bayer, the SEC’s chief information officer and senior agency official on privacy. It warned that personal employee data had been discovered on the networks of another, unnamed federal agency.It said a former SEC employee “inadvertently and unknowingly” downloaded the names, birthdates and Social Security numbers of employees onto a thumb drive, and then transferred them...
  • Checks & Balances are DEAD; What Other Agencies are the Administration Abusing?

    "Failure to Supervise" is the charge in the civil action being leveled by the SEC against legendary hedge fund manager Steve Cohen. This story has been running ad nauseum on CNBC since Friday afternoon. There is little information to go on but my conjecture is that this is another agency being directly used and abused by the Obama Administration to accomplish greater control over anything financial. Based up the well established pattern, his finger prints can be found anywhere intimidation is being exerted by government agencies. The default assumption with this President should be that every federal agency is being...
  • SEC accuses Miami of misleading investors

    07/19/2013 6:27:45 PM PDT · by george76 · 7 replies
    Washington Post ^ | July 19, 2013
    The Securities and Exchange Commission accused Miami and its former budget director of securities fraud related to several municipal bond offerings. The city and Michael Boudreaux made materially false and misleading statements and omissions about interfund transfers in three 2009 bond offerings totaling $153.5 million, the SEC said in a statement Friday. Boudreaux orchestrated the transfers to mask growing deficits in the city’s general fund, the SEC said. The SEC in 2010 started cracking down on state and local governments for not providing investors in the municipal bond market with accurate information about pension liabilities. Since then, Illinois and New...
  • High-Frequency Trading Is Making a Joke of the Markets

    07/12/2013 11:32:26 PM PDT · by george76 · 8 replies
    Yahoo! Finance ^ | July 13, 2013 | Jon Najarian
    The secret of life is honesty and fair dealing. If you can fake that, you've got it made –Groucho Marx I suspect the SEC, FINRA, and CFTC are big fans of Groucho Marx, or at least his observations on fair dealing. How else could they justify turning a blind eye to a global media powerhouse such as Reuters selling early access to market-moving information? How could these authorities not condemn a practice like high-frequency trading (HFT), which causes significant market disruptions on a daily basis and destroys investor confidence? Why would agencies that are charged with oversight of the most...
  • Verizon’s Top Secret Deal With Pentagon Was Made Public in Regular, Annual Filing With SEC.

    06/10/2013 1:13:16 PM PDT · by Nachum · 12 replies
    NY Sun ^ | 6/10/13 | Ira Stoll
    Verizon, the phone company whose disclosure of customer data to the federal government is at the center of the furor over cooperation by technology companies with top-secret national security programs, has offered a precise, clear, but little-noticed public explanation of why it did what it did. The Verizon explanation is not in the vague and cryptic memo the company issued last week after the Guardian exposed its program. It came, instead, in the company’s annual filing with the Securities and Exchange Commission, included in Verizon’s annual report to shareholders.
  • US pension giant to exclude Israel divestment resolution

    05/30/2013 9:14:48 AM PDT · by ilcenter · 3 replies
    5 Towns Jewish Times ^ | May 30, 2013
    A resolution calling for the boycott of Israeli firms will not be put to a vote at TIAA-CREF’s upcoming shareholders meeting. The move comes after the pension fund giant received approval from the Securities and Exchange Commission (SEC) to “take no action” on a submission by pro-Palestinian activists. This followed the company’s warning by an Israeli civil rights group that passage of the resolution would violate NY and Federal law. Nitsana Darshan-Leitner, director of Shurat HaDin – Israel Law Center, stressed that the development was “a major defeat for the extremist Boycott, Divestment and Sanctions movement taking aim at Israel.”...
  • Political intelligence firms set up investor meetings at White House

    05/27/2013 1:58:49 AM PDT · by Brad from Tennessee · 12 replies
    Washington Post ^ | May 26, 2013 | By TOM HAMBURGER
    Wall Street investors hungry for advance information on upcoming federal health-care decisions repeatedly held private discussions with Obama administration officials, including a top White House adviser helping to implement the Affordable Care Act. The private conversations show that the increasingly urgent race to acquire“political intelligence” goes beyond the communications with congressional staffers that have become the focus of heightened scrutiny in recent weeks. White House records show that Elizabeth Fowler, then a top ­health-policy adviser to President Obama, met with executives from half a dozen investment firms in 2011 and 2012. Among them was Kris Jenner, a stock picker with...
  • Senate approves Mary Jo White to be SEC chairman

    04/08/2013 11:33:13 AM PDT · by illiac · 15 replies
    Market Watch ^ | 4/8/13 | Ronald D Orol
    WASHINGTON (MarketWatch) - The Senate on Monday unanimously approved Mary Jo White, a former U.S. attorney who supervised the prosecution of New York mob boss John Gotti, to head the Securities and Exchange Commission.
  • Judge approves $2.43B Bank of America settlement

    04/07/2013 8:25:19 PM PDT · by haffast · 2 replies
    Associated Press ^ | Fri, Apr 5, 2013 | Associated Press
    NEW YORK (AP) — A New York judge has approved Bank of America's $2.43 billion settlement of a class action lawsuit brought by shareholders over the company's acquisition of former competitor Merrill Lynch. A judge for the U.S. District Court for the Southern District of Manhattan approved the settlement Friday. The bank proposed the settlement in late September. The agreement resolves allegations that Bank of America did not disclose the state of its finances or those of Merrill Lynch when it agreed to buy Merrill in September 2008. Judge Kevin Castel said the settlement was "hard fought," but called the...
  • Walmart foresees losses amid corruption probes against it

    03/27/2013 11:34:34 AM PDT · by Jyotishi · 7 replies
    The Hindu ^ | Wednesday, March 27, 2013 | PTI
    Multinational retail giant Walmart has said that the company is expected to incur financial losses in view of ongoing investigation into alleged corruption cases pertaining to its foreign subsidiaries. “...We expect to continue to incur costs (in addition to the $157 million of costs incurred in fiscal 2013) in conducting our on-going review and investigations”, the company said in a filing to US Securities and Exchange Commission. The company claimed that Audit Committee comprising its independent directors (on board) is conducting an internal investigation into, among other things, alleged violations of the Foreign Corrupt Practises Act (“FCPA”) and other alleged...
  • Corporate crime and punishment

    03/15/2013 8:57:17 AM PDT · by IndePundit · 1 replies
    David Rivkin ^ | 3/15/2013 | David Rivkin and John Carney
    Two weeks ago, a unanimous Supreme Court rebuffed the Securities and Exchange Commission Gabelli v. SEC. The SEC maintained that its enforcement actions for fines under the Investment Advisers Act weren't subject to the five-year statute of limitations. This wasn't the first time the courts have pushed back a federal agency for overreaching. It won't be the last. But the SEC's audacity prompts a broader policy question: What good is accomplished by imposing monetary penalties on corporations, as the agency attempted to do in Gabelli? The answer is that when such penalties are sought by the government, they probably do...
  • Illinois Is Accused Of Fraud By S.E.C. (the entire state)

    03/11/2013 7:58:57 PM PDT · by Libloather · 15 replies
    NY Times ^ | 3/11/13 | MARY WILLIAMS WALSH
    For the second time in history, federal regulators have accused an American state of securities fraud, finding that Illinois misled investors about the condition of its public pension system from 2005 to 2009. In announcing a settlement with the state on Monday, the Securities and Exchange Commission accused Illinois of claiming that it had been properly funding public workers’ retirement plans when it had not. In particular, it cited the period from 2005 to 2009, when Illinois also issued $2.2 billion in bonds. The growing hole in the state pension system put increasing pressure on Illinois’ own finances during that...
  • SEC Freezes Swiss Account Over Heinz Trades

    02/16/2013 11:02:42 AM PST · by Lorianne · 12 replies
    Wall Street Journal ^ | 16 February 2013 | Chad Bray, Jean Eaglesham
    <p>The U.S. Securities and Exchange Commission has frozen the assets of a Swiss trading account that allegedly made a series of "highly suspicious" trades reaping about $1.7 million ahead of the blockbuster sale of H.J. Heinz Co.</p> <p>The regulator's move came one day after Heinz said it was selling itself for $23 billion to Warren Buffett's Berkshire Hathaway Inc. and Brazilian private-equity firm 3G Capital in one of the biggest food-industry acquisitions ever.</p>
  • Goldman Sachs says cooperating with Heinz probe (Insider trading investigation)

    02/15/2013 6:15:58 PM PST · by jimbo123 · 13 replies
    Economic Times ^ | 2/15/13 | Reuters
    Goldman Sachs Group Inc is cooperating with a U.S. Securities and Exchange Commission probe into insider options trading in H.J. Heinz Co before the food company announced it was being acquired, Goldman said on Friday.
  • Choice of Mary Jo White to Head SEC Puts Fox In Charge of Hen House

    02/01/2013 9:08:02 AM PST · by mgist · 7 replies
    Rolling Stone ^ | 1/25/13 | Matt Taibi
    Choice of Mary Jo White to Head SEC Puts Fox In Charge of Hen House POSTED: January 25, 9:00 AM ET Mary Jo White I was shocked when I heard that Mary Jo White, a former U.S. Attorney and a partner for the white-shoe Wall Street defense firm Debevoise and Plimpton, had been named the new head of the SEC. I thought to myself: Couldn't they have found someone who wasn't a key figure in one of the most notorious scandals to hit the SEC in the past two decades? And couldn't they have found someone who isn't a perfect...
  • MF Global defense attorney 2012, named SEC Director 2013

    01/31/2013 2:43:10 PM PST · by mgist · 6 replies
    The Hill ^ | 1/7/13 | Bernie Becker
    SEC names new top lawyer By Bernie Becker - 01/07/13 01:12 PM ET The Securities and Exchange Commission said Monday that Geoffrey Aronow would take over as its general counsel. Aronow, a lawyer in the Washington office of Bingham McCutcheon, has previous government experience, having served as head of the enforcement division at the Commodity Futures Trading Commission. The SEC's new top lawyer also has counseled clients about issues before the commission and the CFTC, and becomes one of the first top appointments from the SEC's new chairwoman, Elisse Walter. Aronow, for instance, represented the chief financial officer for MF...
  • SEC Nominee Mary Jo White Protected Corrupt Union Bosses in Teamsters Prosecution

    01/26/2013 2:22:57 PM PST · by Eva · 13 replies
    National Legal Policy Center ^ | 9/25/13 | Peter Flaherty
    Mary Jo White is a poor choice to head the SEC. As a U.S. attorney, she demonstrated a lack of political independence and competence. In the late 90's prosecution of the Teamsters money landering scandal, White won several guilty pleas from low-level has-beens, but gave a pass to prominent union figures who played a key role in the Democratic political campaign of 2000, and every one since. The magnitude of White's dereliction of duty can be seen in who was not prosecuted- Richard Trumka, Andrew Stern and Gerald McEntee. In the 1996 Teamster election, incumbent President Ron Carey narrowly defeated...
  • Choice of Mary Jo White to Head SEC Puts Fox In Charge of Hen House

    01/26/2013 5:52:29 AM PST · by george76 · 19 replies
    Rolling Stone ^ | January 25, 9:00 | Matt Taibbi
    Couldn't they have found someone who wasn't a key figure in one of the most notorious scandals to hit the SEC in the past two decades? And couldn't they have found someone who isn't a perfect symbol of the revolving-door culture under which regulators go soft on suspected Wall Street criminals, knowing they have million-dollar jobs waiting for them at hotshot defense firms as long as they play nice with the banks while still in office? I'll leave it to others to chronicle the other highlights and lowlights of Mary Jo White's career, and focus only on the one incident...
  • BCS Game thread - Alabama (2) vs. Notre Dame (1), ESPN 8:30pm EST

    01/07/2013 1:28:41 PM PST · by Perdogg · 313 replies
    BCS Championship Game thread - Alabama (2) at Notre Dame (1) (+9, O/U 40.5), ESPN 830pm EST. Miami Gardens, Fl. Weather, temperature around 73 degrees, chance of showers 10 percent.
  • Alabama's hatred of Notre Dame runs long, deep

    01/05/2013 11:01:54 AM PST · by Hoodat · 50 replies
    Yahoo Sports ^ | Jan 4, 2013 12:21 AM EST | Pat Forde
    FORT LAUDERDALE, Fla. – Jeremy Pike is a 37-year-old native and resident of Tuscaloosa, Ala. Like all proper fans of the Alabama Crimson Tide, he maintains an abiding hatred of Southeastern Conference rivals Auburn and Tennessee. But there is a third member of his unholy fan trinity, and always has been. "Oh, I hate Notre Dame," Pike said. "I never pull for them." On Nov. 3, Pike and about 50 other Alabama fans were in Louisiana getting ready to watch the Tide play LSU – the most anticipated game of the year. But before the game, they were glued to...
  • Cramer's TheStreet.com Charged With Accounting Fraud

    12/18/2012 2:06:11 PM PST · by george76 · 18 replies
    Zero Hedge ^ | 12/18/2012 | Tyler Durden
    wonder if CNBC will finally cancel the ludicrous Jim "truth" Cramer campaign once this news breaks. We doubt it - ... SEC Charges Financial Media Company and Executives Involved in Accounting Fraud. Washington, D.C., Dec. 18, 2012 — The Securities and Exchange Commission today charged a digital financial media company and three executives for their roles in an accounting fraud that artificially inflated company revenues and misstated operating income to investors. ... The SEC alleges that TheStreet Inc., which operates the website TheStreet.com, filed false financial reports throughout 2008 by reporting revenue from fraudulent transactions at a subsidiary it had...
  • Obama's Sec Def Pick? I'm U.S. Senator, not Israeli Senator (Hagel)

    12/16/2012 6:07:57 PM PST · by Nachum · 23 replies
    Breitbart ^ | 12/16/12 | Politico
    POLITICO: In an interview with Aaron David Miller for his book published by Random House, "The Much Too Promised Land," Sen. Chuck Hagel spoke about Israel
  • Alabama Wins SEC Title, Will Face Notre Dame Next (Beat Georgia 32-28)

    12/01/2012 5:15:03 PM PST · by blam · 169 replies
    Chicago Tribune ^ | 12-1-2012 | Brian Hamilton
    Alabama Wins SEC Title, Will Face Notre Dame Next (Beat Georgia 32-28) Alabama running back Eddie Lacy scores on a 41-yard touchdown run as he is chased by Georgia's Shawn Williams during the second quarter. (John David Mercer-USA TODAY Photo / December 1, 2012) Brian Hamilton Tribune reporter6:53 p.m. CST, December 1, 2012 ATLANTA -- Notre Dame, the Tide rolls for thee.Alabama rallied twice in the second half to down Georgia 32-28 in the SEC Championship game at the Georgia Dome on Saturday, all but assuredly earning a shot at the No. 1 Irish in the BCS title tilt on...
  • College Game Day Thread

    12/01/2012 10:04:52 AM PST · by FreeAtlanta · 30 replies
    fr football chat thread | freeatlanta
    TIME (ET) MATCHUP TV 12:00 PM No. 11 Oklahoma at TCU 12:00 PM No. 23 Oklahoma State at Baylor FX 12:00 PM UCF at Tulsa 2:30 PM Nicholls State at No. 15 Oregon State Pac-12 Network 2:30 PM Kansas at West Virginia 3:00 PM Middle Tennessee at Arkansas State 3:00 PM Louisiana-Lafayette at Florida Atlantic 3:30 PM No. 20 Boise State at Nevada 3:30 PM Cincinnati at Connecticut 4:00 PM No. 2 Alabama vs. No. 3 Georgia* CBS 4:00 PM New Mexico State at Texas State 7:00 PM Pittsburgh at South Florida 8:00 PM No. 18 Texas at No. 6...
  • Legalize Insider Trading

    11/28/2012 8:18:04 AM PST · by Bratch · 8 replies
    Townhall.com ^ | Nov 28, 2012 | John Stossel
    Insider trading leads the news again, casting a cloud over Steven Cohen's SAC Capital Advisors $14 billion hedge fund. The SEC charged Mathew Martoma, who used to manage a SAC Capital division, with using inside information about tests on an Alzheimer's drug to trade stock of the company working on it. The media love this stuff. I imagine reporters sitting around saying: "The SEC finally will punish greedy Wall Street! These tycoons rig the game -- cheating is how they acquire $14 billion -- and now noble government prosecutors will bring justice." But this is nonsense. Government prosecutors are as...
  • Notre Dame (1) v USC Thread - 8pm EST ABC TV

    11/24/2012 3:11:57 PM PST · by Perdogg · 110 replies
    Notre Dame (1) v USC Thread - 8pm EST ABC TV. If Notre Dame wins they will play for the National Championship, as unfair as that might seem.
  • Notre Dame and Alabama rise after a night of BCS chaos

    11/18/2012 7:35:21 AM PST · by MinorityRepublican · 121 replies
    AP ^ | Sunday, November 18, 2012
    Coming into Saturday, Oregon and Kansas State had the inside track to college football’s national championship and the Southeastern Conference’s run of six straight BCS titles was in jeopardy. Then No. 2 K-State got thumped 52-24 by unranked Baylor and top-ranked Oregon fell in overtime to No. 14 Stanford, 17-14. Now the SEC is alive and well. And how’s this for a possible national title game: Alabama vs. Notre Dame.
  • Pepco boss got megawatt pay boost despite problems

    07/04/2012 6:09:59 PM PDT · by Tolerance Sucks Rocks · 5 replies
    The Washington Times ^ | July 3, 2012 | Jim McElhatton
    Pepco’s chief executive, Joseph Rigby, didn’t get a salary increase last year because of “customer reliability issues,” but he still managed to double his overall compensation, regulatory filings show. Thanks mostly to an employment deal and supplemental executive retirement plan, Mr. Rigby’s overall compensation rose to nearly $7.2 million last year, according to Securities and Exchange Commission filings. With hundreds of thousands of Pepco customers in the District of Columbia and Maryland left without electricity for days in sweltering temperatures after a violent storm Friday, Mr. Rigby’s compensation is likely to get a closer look as questions emerge about the...
  • SEC, Big 12 announce deal to pit football champs

    05/19/2012 10:50:49 AM PDT · by ConservativeStatement · 10 replies
    Sports Xchange ^ | May 18, 2012
    The Big 12 and Southeastern Conference are hedging their BCS bets while borrowing an idea from the Rose Bowl. The two conferences announced Friday their football champions will meet in an undetermined bowl game if they are not chosen for the BCS' anticipated four-team playoff format. It is unclear if it will be a reoccurring site.
  • Clinton Labor Sec. Reich Dedicates New Book to Occupiers

    05/01/2012 10:02:25 AM PDT · by Nachum · 8 replies
    CNS News ^ | 5/1/12 | Dan Gainor
    About Us Resources Send Tips Donate RSS CNSNews.TV On the Spot On the Scene The Schein OTJ Golden Hookah Clinton Labor Sec. Reich Dedicates New Book to Occupiers ‘Beyond Outrage’ urges readers to ‘organize’ against ‘regressive right.’ By Dan Gainor May 1, 2012 Subscribe to Dan Gainor's posts As the Occupy Wall Street Protests hit across the nation this May 1, it’s important to remember the support the group has received from the mainstream left. Backers have ranged from pundits like Paul Krugman and Thomas Friedman to Hollywood artists like Kanye West, Mark Ruffalo, and Anne Hathaway. Former Clinton Labor...
  • UPDATE 2-SEC charges former Calpers CEO with fraud scheme

    04/23/2012 3:35:32 PM PDT · by ColdOne · 1 replies
    Reuters.com ^ | 4/23/12 | Reuters
    * SEC says ex-CEO, ex-board member fabricated documents * Two charged with scheming to defraud a firm of $20 mln (Reuters) - A former chief executive of Calpers, the biggest U.S. public pension fund, and a former board member were charged by federal regulators on Monday with scheming to defraud Apollo Global Management, a private equity firm, of more than $20 million in placement fees. The U.S. Securities and Exchange Commission said that Federico Buenrostro, a former chief executive of the California Public Employees' Retirement system, and Alfred Villalobos, a friend and former board member who became a placement agent,...
  • SEC Names New Investment Advisor Czar (who the heck is Diane C. Blizzard?)

    04/23/2012 10:05:11 AM PDT · by jdsteel · 6 replies
    lifehealthpro.com ^ | 4.23.12 | jdsteel
    The Securities and Exchange Commission today announced that Diane C. Blizzard has been named Associate Director for Regulatory Policy and Investment Adviser Regulation in the Division of Investment Management. As Associate Director, Ms. Blizzard will supervise two offices that develop recommendations for rulemaking and other policy initiatives under the Investment Company Act and the Investment Advisers Act. Ms. Blizzard replaces Robert Plaze, who has become Deputy Director of the Division. Ms. Blizzard has been a member of the Division of Investment Management staff for 12 years, most recently serving as Managing Executive. She has previously held several policy roles, including...
  • SEC Charges optionsXpress and Five Individuals Involved in Abusive Naked Short Selling Scheme

    04/16/2012 8:48:24 PM PDT · by Pelham · 9 replies
    U.S. Securities and Exchange Commission ^ | April 16, 2012 | SEC staff
    Washington, D.C., April 16, 2012 – The Securities and Exchange Commission today charged an online brokerage and clearing agency specializing in options and futures as well as four officials at the firm and a customer involved in an abusive naked short selling scheme. The SEC’s Division of Enforcement alleges that Chicago-based optionsXpress failed to satisfy its close-out obligations under Regulation SHO by repeatedly engaging in a series of sham “reset” transactions designed to give the illusion that the firm had purchased securities of like kind and quantity. The firm and customer Jonathan I. Feldman engaged in these sham reset transactions...
  • Sources: Bobby Petrino out as coach (1915hrs CST News Conference)

    04/10/2012 5:01:19 PM PDT · by DCBryan1 · 57 replies
    ESPN.com ^ | 10 APR 12 | ESPN.com news services
    Bobby Petrino will not return as head football coach at Arkansas, multiples sources have told ESPN.com's Chris Low. The university has called an 8:15 p.m. ET press conference at which time athletic director Jeff Long will announce Petrino will not be back. The 51-year-old Petrino was put on paid leave last week after he didn't tell his boss right away that a 25-year-old female football program employee was riding with him during an April 1 motorcycle crash. Petrino, who is married with four children, also admitted to an inappropriate relationship. Also on Monday, a person familiar with the investigation confirmed...
  • Class Action Filed Against Taxpayer-Backed First Solar

    03/19/2012 11:31:14 AM PDT · by jazusamo · 5 replies · 1+ views
    National Legal & Policy Center ^ | March 19, 2012 | Paul Chesser
    Securities law firms are lining up to get a piece of the action after a class action lawsuit was filed against federally subsidized First Solar, Inc., allegedly because the company failed to disclose the massive costs it was incurring due to defects in its solar panels, leading investors to believe the company’s stock was worth more than its actual value. The complaint, filed by the New York-based Pomerantz, Haudek, Grossman, & Gross law firm, claims that First Solar executives – including founder Michael Ahearn and former CEO Robert Gillette – “made false and/or misleading statements, as well as failed...
  • SEC Supports Goldman Sachs v Shareholders

    03/19/2012 11:11:22 AM PDT · by Razzz42 · 2 replies · 1+ views
    Armstrong Economics ^ | March 18, 2012 | Martin Armstrong
    Anyone who has traded with Goldman Sachs most likely knows it is always an adversarial relationship. Banks that trade do so for themselves and employees are compensated according to the profits made on the desk. That is the nature of the business. However, Goldman Sachs is primarily a trader. That is where the profits have come from not the rudimentary workings of banking. So to some extent those who complain about employee compensation should invest in some other business where talent is not rewarded. That said, there is a substantial difference between making a normal spread and carrying a book...