Advanced Notice of Proposed Rulemaking Regarding Alternatives to the Use of Credit Ratings in the Regulatory Capital Guidelines | 12 CFR Part 3, Docket ID No. OCC-2010-0016, RI 1557-AD35; 12 CFR Part 325; 12 CFR Part 567 |
8/10/2010
The federal banking agencies (“Agencies”) have agreed to publish an advance notice of proposed rulemaking (advance notice) regarding alternatives to the use of credit ratings in their risk-based capital rules (capital rules) for banking organizations. More...
In re: FINRA’s Action Against Morgan Stanley & Co., Inc. | BD 8209 |
8/10/2010
The Financial Industry Regulatory Authority (“FINRA”) has censured and fined Morgan Stanley & Co., Inc. $800,000 for failing to make public disclosures required by FINRA's rules governing research analyst conflicts of interest. More...
Securities and Exchange Commission v. International Commercial Television, Inc. | Case No. 3:10-cv-05555 (W.D. Wash.), Release No.. 21622 |
8/9/2010
The Securities and Exchange Commission (“SEC,” or “Commission”) has charged the former chief financial officer of a Seattle-area skin care retailer with fraudulently boosting earnings by reporting sales of anti-aging products promoted through Home Shopping Network infomercials while the products still sat unsold in the company’s warehouse. More...
SEC v. Universal Corp., Inc./SEC v. Alliance One International, Inc. | Civil Action No. 01:10-cv-01318 (RWR) (D.D.C.) / Civil Action No. 01:10-cv-01319 (RMU) (D.D.C.) No. 21618 |
8/6/2010
The U.S. Securities and Exchange Commission (“SEC,” or “Commission”) has charged two major tobacco companies, Universal Corporation, Inc. and Alliance One International, Inc., with violating, among other things, the anti-bribery provisions of the Foreign Corrupt Practices Act of 1977 ("FCPA") for their involvement in a multi-million dollar bribery scheme with government officials in Thailand to obtain nearly $30 million in sales contracts to supply tobacco. More...
Securities and Exchange Commission v. Samuel E. Wyly, et al. | Civil Action No.10-CV-5760 (SAS) (S.D.N.Y.), Release No. 21607 |
7/29/2010
The Securities and Exchange Commission (“SEC,” or “Commission”) has alleged in a civil enforcement action that Samuel E. Wyly and his brother, Charles J. Wyly, Jr. (hereinafter the "Wylys"), engaged in a 13-year fraudulent scheme to hold and trade tens of millions of securities of public companies while they were members of the boards of directors of those companies, without disclosing their ownership and their trading of those securities. More...
Study Regarding Obligations of Brokers, Dealers, and Investment Advisers | Release No. 34-62577; IA-3058; File No. 4-606 |
7/27/2010
The Securities and Exchange Commission (“SEC,” or “Commission”) has published a request for public comment to inform its study of the obligations and standards of care of broker-dealers and investment advisers providing personalized investment advice about securities to retail investors. More...
SEC v. General Electric Company, et al. | Civil Action No. 1:10-CV-01258 (D.D.C.)(RWR), Litigation Release No. 21602 |
7/27/2010
The Securities and Exchange Commission (“SEC,” or “Commission”) has filed Foreign Corrupt Practices Act (“FPCA”) books and records and internal controls charges against General Electric Company ("GE") and two GE subsidiaries — Ionics, Inc. (currently GE Ionics, Inc.) and Amersham plc (currently GE Healthcare Ltd.) — in the U.S. District Court for the District of Columbia. More...
Securities and Exchange Commission v. Goldman, Sachs & Co. and Fabrice Tourre | Civil Action No. 10 Civ. 3229 (S.D.N.Y.); Release No. 21592 |
7/15/2010
The Securities and Exchange Commission (“SEC,” or “Commission”) has announced that Goldman, Sachs & Co. will pay $550 million and reform its business practices to settle SEC charges that Goldman misled investors in a subprime mortgage product just as the U.S. housing market was starting to collapse. More...
Securities and Exchange Commission v. Citigroup Inc. | Civil Action No. 1:10-CV-01277 (ESH) (D.D.C.), Litigation Release No. 21605 |
7/29/2010
The Securities and Exchange Commission (“SEC,” or “Commission”) has charged Citigroup Inc. with misleading investors about the extent of the company's exposure to sub-prime mortgage-related assets during 2007. More...
SEC v. Dell Inc., Michael S. Dell, et al. | Civil Action No. 1:10-cv-01245 (D.D.C.), Release No. 21599 |
7/22/2010
The Securities and Exchange Commission (“SEC,” or “Commission”) has charged Dell Inc. with failing to disclose material information to investors and using fraudulent accounting to make it falsely appear that the company was consistently meeting Wall Street earnings targets and reducing its operating expenses. More...
Secure Organization LoopsRun your practice without it running you
Document Management RoomTruly, your global office
One-Click CommunicationYour one-stop solution for staying connected
Color-Coordinated Note TaggingEasy on your practice, easy on you
Barcoding SystemRaising the bar on document filing
Search and RedactRedact inefficiency from your practice
Welcome to the Future