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Posts related to ‘SEC’

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Angelo Mozilo Charged With Insider Trading (BAC)

Posted: June 4, 2009 at 2:03 pm

CNBC's David Faber just reported that the SEC will be charging former Countrywide CEO Angelo Mozilo with insider trading and disclosure violations for stock sales from 2006 and beyond.  Interestingly ...
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Does Reg. FD Exist Anymore? (BAC)

Posted: May 19, 2009 at 6:11 pm

There is an interesting question that we would like to pose after hearing about an 800 million share or 825 million share secondary coming from Bank of America Corporation (NYSE: ...
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CFO Death Only Clouds Freddie Mac & Fannie Mae Further (FRE, FNM)

Posted: April 22, 2009 at 7:56 am

If you thought that things could not get much stranger at Freddie Mac (NYSE: FRE) or at Fannie Mae (NYSE: FNM), they may have taken an even stranger turn than ...
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Obama needs a new car czar

Posted: April 17, 2009 at 5:53 am

Why did the Obama administration name investment banker Steven Rattner as the head of auto task force knowing that New York prosecutors were investigating whether he had a role in ...
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FASB Bring Sense, and Cents, To Banks & Mark-to-Market (C, WFC, BAC, JPM)

Posted: April 2, 2009 at 9:50 am

The Financial Accounting Standards Board, or FASB, has voted to loosen its rules for the (now dreaded) balance sheet act of mark-to-market valuation for accounting.  Many will argue that this ...
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More ‘Going Concern’ Notes Hitting Companies (AWBC, AHR, BWTR, CHCI, DCGN, GST, MLP, OXGN, TMI, XCR)

Posted: April 1, 2009 at 10:07 am

This might be a record year for auditor "going concern" notes being included in annual report filings with the SEC. If it isn't a record, it sure feels like it.  ...
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The Death of Formal Earnings Guidance

Posted: January 27, 2009 at 6:30 am

There is a new trend that has emerged in this earnings season that will have an impact in 2009 and maybe beyond: a lack of earnings and/or revenue guidance.  This ...
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Madoff: The $50 Billion Ponzi Man (NDAQ)

Posted: December 12, 2008 at 9:34 am

Bernie Madoff, the former non-executive Chairman of the NASDAQ (NASDAQ: NDAQ), has been arrested on an investor fraud case that has massive implications over trust and legitimacy on Wall Street.  ...
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SEC Finally Curbs Naked Short Selling

Posted: September 17, 2008 at 9:36 am

The Securities and Exchange Commission has announced new measures this morning to curb naked short sales.  The rules impose a firm close-out requirement on short sellers and their brokers.  Parties ...
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VeriFone’s Long Journey on the Rehab Trail (PAY)

Posted: August 20, 2008 at 8:38 am

We noticed a huge surge in activity over at Volume Spike this morning in shares of VeriFone Holdings Inc. (NYSE: PAY). You can thank the company finally giving a positive ...
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Sirius (SIRI): A Miss Is As Good As A Mile

Posted: August 7, 2008 at 6:19 am

Sirius (SIRI) second quarter earnings demonstrated once again that, even after a merger with XM the new entity is not a viable business. The company's gross subscriber additions were 1,029,287, ...
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VeriFone Sets Do or Die Date With SEC (PAY)

Posted: July 28, 2008 at 9:02 am

VeriFone Holdings Inc. (NYSE: PAY) is seeing a rather solid recovery this morning early on, but the volume is rather light considering its past and shares have already pulled back ...
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Investools Hit By Double Whammy (SWIM)

Posted: May 2, 2008 at 7:42 am

Investools Inc. (NASDAQ: SWIM) is under serious fire this morning from traders.  The company posted net income of $0.17 EPS, but First Call was at $0.21 EPS.  This is on ...
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Municipal Bond Iissuers Can Bid On Own Debt

Posted: March 14, 2008 at 5:37 pm

The SEC has cleared the way for muni bond issuers to bid on their own debt. According to MarketWatch the bids can be made "without incurring charges of market manipulation."Douglas ...
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CEOs Time Stock Gifts A Little Too Well (HMA)(MSM)

Posted: March 5, 2008 at 5:11 am

It looks like CEOs are timing stock gifts, especially those to their family foundations, a little too well A study by a professor at New York University looked at 151 ...
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