Keyword: sec

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  • No. 1 Alabama Wins SEC With Win Over No. 15 Florida

    12/04/2016 6:03:15 AM PST · by blam · 40 replies
    Newsday - AP ^ | 12-4-2016 | AP
    December 3, 2016 7:57 PM Associated Press ATLANTA — Alabama showed off all its weapons in the Southeastern Conference championship game. Now, the Crimson Tide can expect a return trip to Atlanta for the College Football Playoff. The nation's No. 1 team scored off a blocked punt and an interception return Saturday before wearing down No. 15 Florida in the second half with a dominant running game. The result was a 54-16 rout that positioned Alabama to go for its second straight national title and its fifth crown in the last nine years under coach Nick Saban. Next up: a...
  • Walgreen's $140 Million Lawsuit Shows Theranos Is Way Worse Than We Thought

    11/23/2016 11:10:50 PM PST · by CorporateStepsister · 15 replies
    Thrill List ^ | 11/23/2016, 2:58 PM | By Christina Stiehl
    <p>Theranos, the biotech company started by a 19-year-old Stanford dropout, has another hurdle to cross in its whole "we're totally a legit blood-testing company" campaign. This time, it turns out that tens of thousands of blood tests were voided, making them totally invalid. Whoops!</p>
  • Theranos's Insane Campaign To Punish Whistleblower, Who Happened To Be Famous Boardmember's Grandson

    11/21/2016 7:48:00 PM PST · by CorporateStepsister · 40 replies
    TechDirt ^ | Mon, Nov 21st 2016 5:13pm | by Mike Masnick
    We haven't really written much about the insane Theranos scandal, though we discussed it on our podcast. The whole story is pretty crazy -- involving a heavily hyped up company that appeared to basically be flat out lying to everyone about what it could do. The company still exists, but barely. The company's founder and CEO, who was plastered across magazine covers and compared frequently to Steve Jobs, has been banned from running a lab for two years, and the company is now facing a $140 million lawsuit from its biggest partner, Walgreens, who claims that Theranos repeatedly lied to...
  • Theranos and David Boies Cut Legal Ties

    11/19/2016 12:07:29 AM PST · by CorporateStepsister · 13 replies
    The Wall Street Journal ^ | Nov. 18, 2016 7:12 p.m. ET | By John Carreyrou
    Litigator David Boies and the law firm he founded, Boies, Schiller & Flexner LLP, have stopped doing legal work for Theranos Inc. after disagreeing about the strategy for handling ongoing government investigations of the blood-testing company, according to people familiar with the matter. Mr. Boies, 75 years old, has been one of the country’s best-known litigators since the late 1990s. He became Theranos’s outside counsel after being approached in 2011 by two investors in the Palo Alto, Calif., startup. He fiercely defended Theranos against questions about its technology and operations. Those efforts included threatening to take legal action against The...
  • Theranos and David Boies Cut Legal Ties

    11/18/2016 11:53:04 PM PST · by CorporateStepsister · 7 replies
    Wall Street Journal ^ | Nov. 18, 2016 7:12 p.m. ET | By John Carreyrou
    Litigator David Boies and the law firm he founded, Boies, Schiller & Flexner LLP, have stopped doing legal work for Theranos Inc. after disagreeing about the strategy for handling ongoing government investigations of the blood-testing company, according to people familiar with the matter. Mr. Boies, 75 years old, has been one of the country’s best-known litigators since the late 1990s. He became Theranos’s outside counsel after being approached in 2011 by two investors in the Palo Alto, Calif., startup. He fiercely defended Theranos against questions about its technology and operations. Those efforts included threatening to take legal action against The...
  • Why is Elizabeth Holmes still leading Theranos?

    11/18/2016 11:38:20 PM PST · by CorporateStepsister · 25 replies
    San Francisco Business Times ^ | Nov 18, 2016, 1:40pm PST | Ron Leuty Reporter San Francisco Business Times
    It's worth asking why Elizabeth Holmes is still leading the embattled blood testing company Theranos Inc. But there may be a good reason why she still is in charge, one that has little to do with the scandal-ridden company's performance to date. Forget what venture capitalist Tim Draper — one of the first to invest in the Palo Alto company — implied this week that Holmes is being attacked because she's a young, female entrepreneur. The simple fact is that Theranos has not been able to deliver on its technology from a commercial, scientific or regulatory standpoint, and that falls...
  • Theranos Whistleblower Tells All On Intimidation And Coercion Tactics Employed To Silence Him

    11/18/2016 12:05:55 AM PST · by CorporateStepsister · 26 replies
    Zero Hedge ^ | Nov 17, 2016 7:20 PM | by Tyler Durden
    2016 has not been too kind to Elizabeth Holmes, the Steve-Jobs wannabe in charge of fraudulent Theranos. She has thus far been banned for 2 years from operating labs, removed from hosting fundraisers for Hillary and lost her entire net worth. And now, the Wall Street Journal has published the "tell-all" story of the whistle-blower, 26 year old Tyler Shultz, who brought the the whole Theranos farce crashing down. It's a sordid tale complete with all the expected twists and turns of a Jason Bourne thriller including intimidation, coercion and private detectives. Tyler Shultz is the grandson of George Shultz,...
  • Mary Jo White, Chair of SEC, leaving before Trump takes office

    11/14/2016 4:33:02 PM PST · by blueyon · 49 replies
    WTKR.com ^ | 11/14/16 | CNNWire
    NEW YORK – Mary Jo White announced plans on Monday to step down as chair of the powerful Securities and Exchange Commission before President-elect Donald Trump takes office. White’s term at the helm of the SEC hadn’t been scheduled to expire until June 2019. Trump has promised to roll back the sweeping regulation of Wall Street that White has spent nearly four years trying to install. In fact, implementing Dodd-Frank rules and other financial reforms had been one of the biggest challenges during White’s tenure at the SEC.
  • Bama Players take knee (in prayer) pregame Mississippi State

    11/13/2016 5:56:45 PM PST · by where's_the_Outrage? · 53 replies
    AL.com ^ | November 13, 2016 | Vanity
    Bama Players including Jalen Hurts taking a knee before the Miss State Game: Alabama quarterback Jalen Hurts (2) kneels in prayer with his teammates before Alabama's SEC football game with Mississippi State, Saturday, Nov. 12, 2016, at Bryant-Denny Stadium in Tuscaloosa, Ala. Vasha Hunt/vhunt@al.com
  • Verne Lundquist's Last Call: The voice of the SEC prepares to sign off

    11/08/2016 11:20:01 AM PST · by C19fan · 17 replies
    SI ^ | November 8, 2016 | Richard Deitsch
    His bronchitis is acting up. You won’t know it come kickoff 34 hours from now at Tiger Stadium because that voice is going to deliver as it has for six decades. But on Friday morning over eggs and bacon at his hotel in Baton Rouge, Verne Lundquist is feeling it in his lungs. The CBS broadcaster was a three-packs-a-day Marlboro man from 1956 to ‘92 before a doctor told him he had to quit. Hardest thing he’s ever had to do, Lundquist will tell you. Acupuncture and hypnosis failed but the nicotine gum finally stuck. Of course you can never...
  • Theranos' Acting GC Faces Challenges, Opportunity

    10/31/2016 8:33:19 PM PDT · by CorporateStepsister · 6 replies
    the Recorder ^ | October 17, 2016 | David Ruiz, The Recorder
    SAN FRANCISCO — Embattled biotech startup Theranos Inc. has promoted senior litigation counsel David Taylor to acting general counsel. Taylor's already got a full plate. "He's got a mess on his hands," said Hagens Berman Sobol Shapiro partner Robert Carey in Phoenix, one of many lawyers suing the blood diagnostics company for alleged consumer fraud. Carey's suit is one of six similar, separate suits consolidated in the Northern District of California. Aside from that litigation surplus, Theranos is being investigated for investor and consumer fraud by the U.S. Securities and Exchange Commission and the U.S. Department of Justice, respectively. The...
  • Theranos Under Federal Criminal Investigation, Adding to Its Woes

    04/19/2016 9:18:02 AM PDT · by C19fan · 5 replies
    NY Times ^ | April 18, 2016 | Reed Abelson and Andrew Pollack
    Theranos, the embattled blood-testing laboratory, said on Monday that federal officials were conducting a criminal investigation into the company, adding to a series of questions from officials about its inner workings. In a note to outside partners, the company said that the Justice Department had requested documents and that the investigation was active. The note also said that the Securities and Exchange Commission was investigating the company.
  • HuffPost Deleted That Shameful “Ladies Of The SEC” Piece, But We Saved It So You Can Read It

    09/15/2016 1:27:58 AM PDT · by iowamark · 31 replies
    Rise News ^ | 9/13/2016
    The internet was aflame last night with many people upset over a piece in the Huffington Post from contributor Rebecca Walden. Walden penned a piece titled, “Young ladies of the SEC, cover it up!” and boy was it just awful. Now, it turns out that the Huffington Post wants this all to go away and so they deleted it. Not a good look HuffPost and not very journalistically sound either. But have no fear, below you can read the piece as it look on the HuffPost website before it was deleted: Dear young ladies of the SEC, can you do...
  • The S.E.C. Shoves The U.S.A. Further Into The P.C. Swamp

    08/30/2016 10:35:37 AM PDT · by reaganaut1 · 16 replies
    Wall Street Journal ^ | August 30, 2016 | George Leef
    Would corporations operate better if their board members were chosen so as to ensure that women and major racial/ethnic groups were all appropriately represented? Many social activists believe so and their thinking has penetrated into the federal regulatory agency that oversees our stock exchanges – the Securities and Exchange Commission (SEC). Back in 2009, the SEC instituted a requirement that publicly traded companies disclose plans they might have regarding the diversity of their boards of directors. That is to say, the racial, ethnic and gender characteristics of board members – as if those attributes were the essential, defining attributes of...
  • Black Lives Matter Has Officially Cost Mizzou 2,100 Students

    08/25/2016 6:15:58 AM PDT · by C19fan · 65 replies
    Daily Caller ^ | August 24, 2016 | Blake Neff
    The University of Missouri’s (MU) flagship Columbia campus has officially lost a staggering 23 percent of its freshman class this year, an even worse figure than administrators initially predicted in the wake of major racial strife.
  • Merrill Lynch to Pay $415 Million

    06/24/2016 4:45:54 AM PDT · by ConservativeWarrior · 10 replies
    Washington D.C., June 23, 2016 — The Securities and Exchange Commission today announced that Merrill Lynch has agreed to pay $415 million and admit wrongdoing to settle charges that it misused customer cash to generate profits for the firm and failed to safeguard customer securities from the claims of its creditors.
  • SEC Conference Features Former Official Calling for Fraudsters to be Protected from Career Harm

    05/24/2016 1:03:06 PM PDT · by Lorianne · 6 replies
    Naked Capitalism ^ | 23 May 2016 | Yves Smith
    The SEC showed its true colors yet again at a panel at Stanford Law School at the end of March, although not as dramatically as last year. In last spring’s SEC panel at Stanford, the then head of examinations, Andrew Bowden, made such fawning remarks about private equity, including repeatedly saying he’d really like his son to work in the industry, that he resigned three weeks after we publicized the segment. Nevertheless, this conference was another demonstration of depth of regulatory capture at the agency. As before, the real action came in when the audience members asked questions. They were...
  • Gambling debt, stock tip lead to $1 million settlement but no charges for Mickelson

    05/19/2016 5:44:38 PM PDT · by george76 · 22 replies
    Reuters ^ | May 19, 2016 | Joseph Ax
    Late in July 2012, Phil Mickelson, one of the world's most famous golfers, received a phone call from a well-known professional sports gambler, William "Billy" Walters. At the time, U.S. authorities say, Mickelson owed Walters a gambling debt, and Walters had a hot stock tip: buy shares in the food company Dean Foods Co. Four days later, Mickelson owned $2.4 million worth of Dean Foods shares, according to the U.S. Securities and Exchange Commission. A few weeks after that, he reaped a $931,000 profit when the company announced a spinoff that sent its share price soaring. Mickelson then paid off...
  • Brokerage mistakenly transferred shares...legal recourse?

    04/19/2016 4:00:30 PM PDT · by Homer1 · 56 replies
    https://www.google.com ^ | 04/20/2016 | Vanity
    I have a brokerage account. A person with the same name as me passed away and the broker transferred all of my shares to his heirs. What legal actions can I take? What rights do I have? Anybody in the financial industry that can weigh in...it would be appreciated. Thanks
  • Panama Papers Reveal Clinton’s Kremlin Connection

    04/07/2016 11:23:53 AM PDT · by InvisibleChurch · 16 replies
    Observer ^ | 4-7-16
    The revelations of the so-called Panama Papers that are roiling the world’s political and financial elites this week include important facts about Team Clinton. This unprecedented trove of documents purloined from a shady Panama law firm that arranged tax havens, and perhaps money laundering, for the globe’s super-rich includes juicy insights into how Russia’s elite hides its ill-gotten wealth. Almost lost among the many revelations is the fact that Russia’s biggest bank uses The Podesta Group as its lobbyist in Washington, DC. Though hardly a household name, this firm is well known inside the Beltway, not least because its CEO...
  • MUST SEE=> Did Mitt Romney Just File Papers to Run for President?

    03/04/2016 3:41:37 PM PST · by bobsunshine · 59 replies
    GatewayPundit ^ | March 4, 2016 | Jim Hoft
    This document is making the rounds today in conservative circles. It looks like Mitt Romney, who pushed for a brokered RNC convention earlier today, filed documents in January to be eligible to run for president in 2016. At least, that’s what a few websites are pushing.....
  • Here are the results sources for super Tuesday

    03/01/2016 4:31:53 PM PST · by FormerRep · 51 replies
    multiple links | multiple
    http://www.politico.com/2016-election/results/map/president?lo=ut_d1 http://www.cnn.com/election/primaries/calendar/march http://rsbn.tv/abc-news-live-breaking-news-streams/ Trump has Georgia already.
  • Racist Anti-Trump Robocalls Hit SEC Primary States – Looks Like Coordinated Attack

    03/01/2016 1:02:54 AM PST · by Helicondelta · 22 replies
    There are reports of racist anti-Trump robocalls hitting the SEC primary states tonight. This is after a weekend of racist smears by the liberal media and GOP establishment – including Marco Rubio – on Donald Trump. The calls are reportedly coming from the Rubio Conservative Solutions PAC. ... I just got a robocall from a Nazi group and they made a mistake. I was able to track it to 'Conservative Solutions Pac" THAT IS A RUBIO PAC— DJ Lewis (@umpire43) February 29, 2016
  • FIREWALL CRUMBLES: Cruz prepares for election day massacre by pulling out of Alabama events

    02/24/2016 8:30:17 PM PST · by TigerClaws · 492 replies
    BIRMINGHAM, Ala. — The “southern firewall” Ted Cruz’s presidential campaign has been building for months appears to be crumbling under the weight of Donald Trump’s staying power and Marco Rubio’s resurgence. The Cruz campaign told Yellowhammer Wednesday night they are pulling out of the Presidential Forum set to be held at Samford University in Birmingham on Saturday, and will not be holding any other events in Alabama ahead of election day. Senator Marco Rubio’s campaign, however, reiterated their commitment to the event. The move is one of the most open indicators to date that Cruz has failed to pick up...
  • EXCLUSIVE: TIME Guide to Official 2016 Republican Nomination Calendar

    02/21/2016 7:03:38 PM PST · by Be Careful · 17 replies
    Time ^ | October 2, 2015 | Zeke Miller
    The official road map for the GOP candidates
  • REPORT: Cruz Camp Worried BIG South Carolina Loss an Ominous Sign for Super Tuesday

    02/19/2016 6:25:05 PM PST · by Sybeck1 · 132 replies
    Gateway Pundit ^ | Jim Hoft
    On the eve of the South Carolina primary Cruz insiders are reportedly privately beginning to fear that a big loss to Donald Trump would signal more defeats in the SEC states. CNN reported: What if the firewall crumbles? That’s the worry of a growing number of people close to Ted Cruz’s campaign, who are privately beginning to fear that a big loss in South Carolina to Donald Trump on Saturday could signal more defeats to come in the so-called SEC states that are the lynchpin of Cruz’s strategy. “If they’re pretty far back from Trump and they can’t get southern...
  • New Virginia Poll Shows the Race Clarifying

    02/16/2016 10:15:38 AM PST · by Cincinatus' Wife · 51 replies
    Red State ^ | February 16, 2016 | Leon H. Wolf
    A new poll has been released for the State of Virginia, and it confirms a lot of the conventional wisdom about how the race is shaping up. Virginia is a Super Tuesday state and is probably a pretty good representation of how many of the Southern Super Tuesday states are thinking right now. On the Democrat side, Hillary leads Bernie Sanders, but by less than you would expect, at 52%-40%. You would think that, of the Southern states, Virginia might be especially friendly territory to Hillary, given that one of her stooges is Governor and given the increasingly high number...
  • GOP asks: Can Trump and Cruz be stopped? [This time the shoe is on the other foot]

    02/11/2016 4:27:22 AM PST · by Cincinatus' Wife · 127 replies
    The Hill ^ | February 11, 2016 | Neil Stanage
    The Republican establishment is grappling with an uncomfortable reality: No single candidate is about to be crowned as its standard-bearer after New Hampshire's primary. And that means Donald Trump and Ted Cruz could be sprinting toward the presidential nomination before a third rival gets out of the starting blocks. "The only way for Donald Trump or Ted Cruz to be stopped is for the establishment to finally rally around one candidate - and it doesn't look like that is going to happen anytime soon," said Ron Bonjean, a Republican strategist and a former aide to GOP leaders on Capitol Hill....
  • Two Anonymous Whistleblowers Are Pounding on the SEC’s Door Again

    02/05/2016 6:10:55 PM PST · by Lorianne · 5 replies
    Wall Street on Parade ^ | 04 February 2016 | Pam Martens and Russ Martens
    Last night ABC began its two-part series on the Bernie Madoff fraud. Viewers will be reminded about how investment expert, Harry Markopolos, wrote detailed letters to the SEC for years, raising red flags that Bernie Madoff was running a Ponzi scheme – only to be ignored by the SEC as Madoff fleeced more and more victims out of their life savings. Today, there are two equally erudite scribes who have jointly been flooding the SEC with explosive evidence that some Exchange Traded Funds (ETFs) that trade on U.S. stock exchanges and are sold to a gullible public, may be little...
  • Obama's Vendetta With Gun Makers Gets Personal: Smith & Wesson Shares Plunge After Call For SEC

    12/16/2015 5:48:49 PM PST · by lowbridge · 63 replies
    zero hedge ^ | december 15, 2015 | tyler durden
    has decided to take his vendetta with US gun makers to the next level and as the NYT reported overnight, "the New York City public advocate on Monday asked federal regulators to investigate whether the gun manufacturer Smith & Wesson had made adequate disclosures in its financial statements." One would think that being in compliance with all existing SEC regulatory requirements would be sufficient, but when one is on Obama's black list there are additional requirements for "adequate disclosure" one must follow, especially the ones that one does not know about because they appear only after the fact. The NYT...
  • Deutsche Bank Lawyer Found Dead in New York in Suicide

    10/25/2014 8:51:15 AM PDT · by dynachrome · 24 replies
    Wall Street journal ^ | 10-25-14 | DAVID ENRICH, JENNY STRASBURG and PERVAIZ SHALLWANI
    Calogero Gambino Had Been Closely Involved in Negotiating Legal Issues for Deutsche Bank ino, has died of a suicide in New York, according to New York City officials and others familiar with the circumstances of his death.
  • Gary Pinkel Will Resign Due to Lymphoma: Details, Reaction

    11/13/2015 2:42:24 PM PST · by PAR35 · 14 replies
    Bleacher Report ^ | Nov 13, 2015 | Adam Wells
    Missouri head football coach Gary Pinkel is resigning after the season as he continues treatment for lymphoma.
  • NYT Has Hillary Fundraiser, Fined CEO Steven Rattner Writing About Fiorina

    10/06/2015 9:19:09 AM PDT · by george76 · 2 replies
    Newsmax ^ | 27 Sep 2015 | Greg Richter
    Steven Rattner, a fundraiser for Democrat Hillary Clinton and someone who was fined by the SEC, has a column criticizing Republican presidential candidate Carly Fiorina in The New York Times titled "Carly Fiorina Really Was That Bad." ... "Not mentioned by the Times is the fact Rattner was once President Obama‘s 'Car Czar' back during the Cash-for-Clunkers days. He’s also a major fundraiser for (drumroll…) Hillary Clinton." Rattner also paid $10 million in fines to the Securities and Exchange Commission in 2010 for alleged involvement in a New York State pension fund scandal. ... What’s next, Grey Lady? Can we...
  • The New York Times and the rehabilitation of Steven Rattner

    10/06/2015 9:04:49 AM PDT · by george76 · 9 replies
    Columbia Journalism Review ^ | FEBRUARY 20, 2013 | Ryan Chittum
    The New York Times is declaring that disgraced private equity mogul Steven Rattner has gotten his reputation back in the Manhattan lunch circles that matter. This was probably only a matter of time given that it was the Times itself that played a leading role in his rehabilitation. It’s Andrew Ross Sorkin, naturally, who pronounces the cleansing complete, even wondering aloud if Rattner could be a Treasury secretary someday. This about a guy who just two years ago paid $16 million to settle SEC and New York lawsuits against him for taking part in a kickback scheme with public officials...
  • Fiorina Misleads on HP and Iran

    09/23/2015 6:06:13 AM PDT · by jimbo123 · 9 replies
    Annenberg Public Policy Center ^ | 9/22/15 | Lori Robertson and Eugene Kiely
    Carly Fiorina made several false, misleading and unsubstantiated claims in responding to questions about Hewlett-Packard’s involvement with a foreign subsidiary that sold products in Iran. The former HP CEO claimed that a Securities and Exchange Commission investigation “proved that neither I nor anyone else in management knew about” a Hewlett-Packard subsidiary doing business in Iran. We have found no such ruling from the SEC, nor could Fiorina’s campaign provide one. She also claimed that the company that actually sold HP products in Iran was “not honest” with HP about its dealings. But that company said in a 2003 press release...
  • Agencies Say They Need Access to Americans’ Emails Without a Warrant [FTC and SEC]

    09/16/2015 5:45:27 PM PDT · by markomalley · 20 replies
    Nextgov ^ | 9/16/15 | Kaveh Waddell
    A bi­par­tis­an bid to re­form an elec­tron­ic-pri­vacy law has the sup­port of the tech com­munity and the White House, but fed­er­al law en­force­ment of­fi­cials tell Con­gress the changes would hamper civil pro­sec­u­tion. Civil law en­force­ment agen­cies like the Fed­er­al Trade Com­mis­sion and the Se­cur­it­ies and Ex­change Com­mis­sion would not be able to ob­tain crit­ic­al in­form­a­tion if the law were changed to re­quire crim­in­al war­rants for ac­cess to data stored on cloud ser­vices, ac­cord­ing to wit­nesses from those agen­cies testi­fy­ing in front of the Sen­ate Ju­di­ciary Com­mit­tee Wed­nes­day. The law en­force­ment of­fi­cials were re­act­ing to bills from Sens. Mike Lee and...
  • SEC Not So Loud And Proud After Week 2

    09/14/2015 11:32:45 AM PDT · by C19fan · 54 replies
    The Post Game ^ | September 14, 2015 | Samuel Chi
    First impressions can be as deceiving in college football as it was with Josef Stalin. Both FDR and Truman were initially charmed by the Soviet dictator, only to be stabbed in the back by him later. Kinda like how AP voters must have felt right about now. A week ago, a record 10 SEC teams were ranked in the AP top 25, as the voters were smitten by the conference's 10-1 opening week record, including four victories over Power 5 opponents. SEC coaches wasted little time to crow, with LSU's Les Miles proclaiming that all top 25 teams should be...
  • Here´s why the new CEO pay rule could backfire on its advocates

    08/10/2015 3:33:32 AM PDT · by IBD editorial writer · 21 replies
    Investor's Business Daily ^ | 08/10/2015 | John Merline
    When the Securities and Exchange Commission released its CEO pay rule this week, many cheered it as a way to shame companies into moderating outlandish pay packages. The rule, which goes into effect in 2017, mandates that publicly-traded companies disclose the gap between what their top executives are paid and what their rank and file workers make. As the New York Times' Gretchen Morgenson put it, "because the rule will generate an easily graspable and often decidedly shocking number, it may energize a cadre of new combatants in the executive pay fight." It could have the opposite effect.
  • [New SEC Rule] Companies will be required to reveal CEOs’ versus workers’ pay

    08/06/2015 3:39:04 AM PDT · by markomalley · 12 replies
    Bend Bulletin ^ | 8/6/15 | Peter Eavis
    The chief executive of General Electric raked in a $37.3 million pay package last year, a large sum by any standard. But how much larger was it than the average pay of the 305,000 employees who helped General Electric earn billions in profits that year? The industrial giant did not disclose that comparison, and corporate America rarely reveals how the compensation of the chief executive stacks up against that of the workers in the ranks below. That will soon change. After a long delay and plenty of pushback from corporations, the Securities and Exchange Commission approved in 3-2 vote on...
  • SEC requires companies to reveal CEO-vs-worker pay gap

    08/05/2015 1:24:47 PM PDT · by PROCON · 31 replies
    AP ^ | Aug. 5, 2015 | MARCY GORDON
    WASHINGTON (AP) -- Federal regulators have approved a long-delayed rule requiring companies to reveal the pay gap between CEOs and their employees. The Securities and Exchange Commission voted Wednesday to order most public companies to disclose the ratio between their chief executives' annual compensation and median, or midpoint, employee pay.
  • College Football fans - give me your 2015 season Hype Video links and top 5

    07/27/2015 6:32:33 PM PDT · by FlJoePa · 40 replies
    youtube ^ | n/a | youtube
    PSU 2015 Hype Video #1PSU 2015 Hype Video #2James Franklin delivering season tickets
  • Executive Branch could lose much of its unconstitutional power

    06/21/2015 10:18:45 AM PDT · by Oldpuppymax · 31 replies
    Coach is Right ^ | 6/21/15 | Doug Book
    An injunction issued against the Securities and Exchange Commission (SEC) by federal judge Leigh Martin May could spell the beginning of the end for Administrative Law Courts and with them, 80 years of unconstitutional abuse of power by the Executive branch. Administrative Law “…allows for the creation of public regulatory agencies and contains all of the statutes, judicial decisions, and regulations that govern them.” These regulatory bodies include the EPA and the SEC. Many came into being during the reign of Franklin Roosevelt, the one president more arrogant and power hungry than Barack Obama. The law itself “…is created by...
  • SEC a stumbling block in banks' forex guilty pleas: sources

    05/15/2015 11:47:28 AM PDT · by Lorianne
    Reuters ^ | 14 May 2015 | Karen Freifeld, Sarah N. Lynch, Soyoung Kim
    Banks want assurances from U.S. regulators that they will not be barred from certain businesses before agreeing to plead guilty to criminal charges over the manipulation of foreign exchange rates, causing a delay in multibillion-dollar settlements, people familiar with the matter said. In an unprecedented move, the parent companies or main banking units of JPMorgan Chase & Co (JPM.N), Citigroup Inc (C.N), Royal Bank of Scotland Group Plc (RBS.L), Barclays Plc (BARC.L) and UBS Group AG (UBSG.VX) are likely to plead guilty to rigging foreign exchange rates to benefit their transactions. The banks are also scrambling to line up exemptions...
  • Could SEC Football Strength Be Equaled by 'SEC Presidential Primary' in '16?

    05/14/2015 10:58:40 AM PDT · by Kaslin · 14 replies
    Townhall.com ^ | May 14, 2015 | Matt Towery
    In recent presidential primary cycles, the influence of Southern states -- with the exception of Florida, whose "Southern status" is perhaps more locational than anything else -- has been minimal. While pundits like to say that GOP presidential nominees have relied heavily on a "red state" electorate based in the South, that same base has had little to say in determining the nominee. After all, neither John McCain nor Mitt Romney had much in common with the region. Georgia's Republican Secretary of State Brian Kemp sensed that voter turnout intensity in the region could be stronger in November 2016 if...
  • The SEC Makes Believe It Regulates Wall Street

    04/30/2015 9:23:24 AM PDT · by alexmark1917 · 7 replies
    The SEC still hasn’t stopped manipulative high speed traders from ripping off investors, even though the abuses have been self-evident for years to anyone paying attention. A series of events have brought the subject of high frequency trading abuses once again to the forefront of the financial news reportage. These events include: The recent arrest of Navinder Sarao, a British trader, who has been accused of being complicit in the infamous “flash crash” that occurred five years ago. Within minutes, the May 10, 2010 incident sent the Dow tumbling almost 1000 points before it recovered, sending shockwaves throughout our financial...
  • Law Introduced to Curb Porn Crisis in Govt. Agencies

    02/24/2015 11:51:04 AM PST · by jazusamo · 52 replies
    Judicial Watch ^ | February 24, 2015
    An epidemic of federal employees watching pornography on government computers during work hours has gotten so out of control that legislation has been introduced in Congress to contain the embarrassing crisis. Porn has for years been part of the job at some government agencies and in fact a number of federal audits have long documented the enraging details of how our tax dollars are being wasted. Judicial Watch has also reported on this for years, especially the porn crisis at the Securities and Exchange Commission (SEC), the agency charged with policing the nation’s financial industry. While the economy crumbled, the...
  • Dazing SEC Titans, Big Ten Lives Up to Its Adjective

    01/04/2015 5:50:00 AM PST · by C19fan · 20 replies
    NY Times ^ | January 2, 2014 | Marc Tracy
    With less than two minutes left in the Sugar Bowl on Thursday night, Ohio State, ahead by 7 points and having just recovered an onside kick by Alabama, tried a deep pass along the left sideline — Ohio State’s sideline. Standing near the bench, Jim Delany, the commissioner of the Big Ten Conference for 26 years, sprinted a few steps toward the field to catch a glimpse of the ball as it hurtled through the air. The pass fell incomplete, but his actions were a sign of the investment that not only Buckeyes fans, but fans of all Big Ten...
  • Vanity: Overrated [5 claps], Overrated [5 claps]. Vaunted SEC West 2 - 4 Bowl Season

    01/02/2015 5:39:29 AM PST · by C19fan · 44 replies
    Vanity ^ | Me January 2, 2014
    The so-called mighty SEC West was embarrassed this bowl season. The state of Mississippi has not taken this type of beating since Grant's Vicksburg Campaign. Both Wisconsin and THE Ohio State University ran the ball down the state of Alabama's throat. The SEC as a whole plays horrible non-conference schedules and the apologists claim that is because the SEC is too tough. Sorry but that is BS. The Top 4 SEC West teams as a whole only played perhaps 4 quality non-conference games: West Virginia, Kansas State, Boise State, Wisconsin. Whatever you thing of FSU they alone played four legitimate...
  • Lending Club Set to Debut, and Industry Is Watching

    12/11/2014 6:37:51 AM PST · by SoFloFreeper · 2 replies
    NY TIMES ^ | 12/10/14 | MICHAEL J. DE LA MERCED
    Search SHARETWEETMORE SUBSCRIBELOG IN DealBook Lending Club Set to Debut, and Industry Is Watching By MICHAEL J. DE LA MERCED DECEMBER 10, 2014 When Lending Club makes its debut on the New York Stock Exchange on Thursday, it will carry the hopes of an entire industry. The company, whose online marketplace matches people who are seeking loans with investors willing to provide them, emboldened its peers late Wednesday when it raised about $870 million in its initial public offering, surpassing expectations. Lending Club’s offering — which values the company at $5.4 billion — will set a template for potentially dozens...
  • The $9 Billion Witness: Meet JPMorgan Chase's Worst Nightmare (Fake Story)

    11/08/2014 9:50:08 AM PST · by Bigun · 14 replies
    Rolling Stone ^ | November 6, 2014 | Matt Taibbi
    Meet the woman JPMorgan Chase paid one of the largest fines in American history to keep from talking By Matt Taibbi | November 6, 2014 "It was like watching an old lady get mugged on the street," she says. "I thought, 'I can't sit by any longer.'" Fleischmann is the central witness in one of the biggest cases of white-collar crime in American history, possessing secrets that JPMorgan Chase CEO Jamie Dimon late last year paid $9 billion (not $13 billion as regularly reported – more on that later) to keep the public from hearing. Back in 2006, as a...