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BUSINESS
April 17, 2010
SEC's case against Goldman The Securities and Exchange Commission alleged that Goldman, Sachs & Co., with the help of hedge fund king John Paulson, created risky mortgage-backed securities that the firm then sold to clients. Here is how it worked, according to the SEC's complaint: In April 2007, as the mortgage market was collapsing, Goldman created ABACUS 2007-AC1, a security based on the value of subprime mortgages. One of Goldman's vice presidents, Fabrice Tourre, let Paulson decide which mortgages were bundled into ABACUS.
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BUSINESS
April 8, 2014 | By Ricardo Lopez
CVS Caremark Corp., the country's second-largest pharmacy chain, has agreed to pay $20 million to settle charges that it misled investors and used improper accounting techniques to artificially boost its financial earnings, the U.S. Securities and Exchange Commission announced Tuesday.  The charges stem from activities that occurred in the third and fourth quarters of 2009, regulators said.  According to the SEC, CVS had conducted a $1.5-billion...
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SPORTS
October 22, 2009 | Associated Press
The Southeastern Conference has suspended officials from last weekend's Arkansas-Florida game after the crew was involved in its second controversial call of the year. Referee Marc Curles' crew called a personal foul on Arkansas defensive lineman Malcolm Sheppard in the fourth quarter as Florida was rallying for a 23-20 victory. The league said there was no video evidence to support the call. The same group of officials called the Louisiana State-Georgia game earlier this month, which included a late unsportsmanlike conduct penalty the league said shouldn't have been called.
BUSINESS
April 4, 2014 | By Walter Hamilton and Timothy M. Phelps
If you're not investigating high-speed stock trading, you're missing one of the hottest trends on Wall Street. Atty. Gen. Eric H. Holder Jr. announced Friday that the Justice Department is examining high-frequency trading for possible violations of antitrust and insider-trading laws. When Justice Department investigators visit companies, they may bump into their compatriots from other state and federal agencies. The FBI disclosed this week that it is in the middle of a months-long probe.
BUSINESS
May 18, 2012 | By Andrew Tangel
NEW YORK -- The U.S. Securities and Exchange Commission will review trading glitches with Nasdaq's handling of Facebook's IPO. “As is our practice, staff will review the incident with Nasdaq to determine its cause and steps that will be taken to address it,” SEC spokesman John Nester said in a statement after an inquiry from The Times. Brokerages complained of technical issues with the Nasdaq exchange, as investors did not know whether their trades in the highly anticipated stock offering had been executed.
SPORTS
September 23, 2013 | By Chuck Schilken
Times columnist Chris Dufresne discusses the weekend in college football in the above video. He examines the notion that the Pac-12 has caught up to the SEC as a conference. "Any conference that has won seven straight national titles gets the benefit of the doubt, but the Pac-12 went undefeated against nonconference over the weekend. I think they're 29-4 against nonconference this year," Dufresne said. "Top to bottom I think they are stronger than the SEC. ... The top of the SEC, the top four, five, six teams are probably still a little bit better, but it's a pretty good race right now as to who is the best conference in the country.
BUSINESS
March 18, 2010 | By Walter Hamilton
An Orange County investment advisor and his firm agreed Wednesday to pay more than $100,000 to settle charges by the Securities and Exchange Commission that they placed clients into what turned out to be a Ponzi scheme run by disgraced Democratic fundraiser Norman Hsu. The SEC alleged that Paul H. Heckler and his Tustin firm, Yosemite Capital Management, defrauded clients by conducting inadequate research before investing $3.25 million in a company...
SPORTS
October 3, 2013 | By Chris Dufresne
The Southeastern Conference has had a lot of great football weeks in recent years, but this hasn't been one of them. USA Today ran a story Thursday suggesting the SEC's reign as America's best conference is being challenged by the Pac-12. USA Today wrote the Pac-12 poses "the stiffest challenge the SEC has faced in its record-breaking stint atop the FBS. " The SEC has won seven straight national championships. It was worse, though, off the field. It started with South Carolina Coach Steve Spurrier acting strangely and slurring his words on his postgame television show after the Gamecocks' win last week.
SPORTS
September 6, 2009 | Associated Press
at No. 1 Florida 62, Charleston Southern 3: Tim Tebow accounted for two touchdowns as the Gators opened a season of great expectations with a nearly perfect performance. at Tennessee 63, Western Kentucky 7: Jonathan Crompton threw five touchdown passes, leading the Volunteers to their largest margin of victory in nine years in Lane Kiffin's coaching debut. at Arkansas 48, Missouri State 10: Dennis Johnson returned the opening kickoff for a touchdown, and the Razorbacks set a school record with 447 yards passing.
BUSINESS
August 28, 2009 | Nathan Olivarez-Giles
A Los Angeles federal judge barred a Pomona man and his two companies, Ben-Wal Leasing Co. and Ben-Wal Management Inc., from doing business in response to a complaint alleging investor fraud filed by the Securities and Exchange Commission. The civil complaint said the two firms, run by Jerry E. Benson, ran a Ponzi scheme that took in nearly $6 million from about 125 investors, many of them elderly, who lived in mobile home parks throughout California. The court ordered a halt Wednesday to the alleged fraud and froze the assets of Benson and his Ben-Wal companies.
SPORTS
February 6, 2014 | Eric Sondheimer
The rich just got richer. Signing players from 15 states, Alabama Coach Nick Saban continues to have the magic touch in college football recruiting. Both Rivals- .com and Scout.com proclaimed Alabama's recruiting class No. 1 in the nation on Wednesday. "They got a stud at every single position," said Greg Biggins, a national recruiting analyst for Scout.com. "There's not one single area that they didn't fill with an impact type of kid. They can recruit nationally unlike anyone right now. They're on a different level.
BUSINESS
January 9, 2014 | By Walter Hamilton
Snack-food maker Diamond Foods Inc. agreed to pay $5 million to settle allegations that the company cooked its books. The Securities and Exchange Commission alleged Thursday that Diamond boosted its earnings and stock price in 2010 and 2011 by systematically underreporting payments to walnut growers. The SEC also charged two former Diamond executives. QUIZ: How well do you understand the Fed stimulus? Michael Mendes, the former CEO, agreed to pay $125,000 to settle a charge that he should have known the accounting was bogus.
SPORTS
January 8, 2014 | By Chris Dufresne
Florida State of the Atlantic Coast Conference won this year's national title, but the two best college football leagues were the Southeastern and the Pac 12. This conclusion can confidently be made after everything was said, played, tallied and done. The SEC saw its seven-year streak of BCS titles stopped, yet still led all conferences with seven schools ranked in the final Associated Press poll . The Pac 12 was second with six schools, followed by the Atlantic Coast, Big Ten and Big 12, with three each.
SPORTS
January 6, 2014 | Chris Dufresne
The teams in the final Bowl Championship Series national title game Monday at the Rose Bowl took completely different roads to Pasadena. Florida State used the high-speed express lane on its way to 13-0, cruising by one opponent after another. Auburn (12-1) took the mountainous back route, navigating potholes, detours and a few angry Georgia Bulldogs. It doesn't matter now, they're both here. So, which team takes home the crystal ball? Is it Auburn, a team of destiny that narrowly escaped Washington State in the opener and lost at Louisiana State by two touchdowns but somehow won the Southeastern Conference after two of the most improbable, back-to-back wins in the history of college football?
BUSINESS
January 1, 2014 | By Andrew Tangel and Jim Puzzanghera
WASHINGTON - The woman who indicted Osama bin Laden wants to strike fear into Wall Street. Mary Jo White, the former U.S. attorney in Manhattan who wanted to prosecute the terrorist mastermind before the 9/11 attacks, has tried to stiffen the backbone of the Securities and Exchange Commission since taking over as the agency's chairwoman in April. The SEC, like other regulators, customarily has allowed its targets to settle civil cases without admitting any wrongdoing. But under White, the nation's top stock market cop no longer will always let deep-pocketed investors and firms get away with merely writing a check for government penalties.
BUSINESS
December 18, 2013 | By Stuart Pfeifer
An investor has filed a lawsuit against Barnes & Noble Inc., accusing the book retailer of shoddy financial reporting that resulted in a recently disclosed Securities and Exchange Commission investigation. David Shaev, a New York attorney and Barnes & Noble shareholder, named several of the company's executives as defendants in the lawsuit, filed Tuesday in state Supreme Court in New York County. The lawsuit is the latest dose of discouraging news for the retailer. In July, the company disclosed that many of its prior financial statements contained errors.
SPORTS
September 13, 2009 | Associated Press
at No. 1 Florida 56, Troy 6: After a slow start, Tim Tebow threw four touchdown passes, ran for another score and the Gators (2-0)beat the Trojans (0-2) in their final tuneup before beginning conference play. at No. 4 Alabama 40, Florida International 14: Greg McElroy completed a school-record 14 straight passes, freshman Trent Richardson rushed for a pair of second-half touchdowns and Alabama the Crimson Tide (2-0) pulled away to beat the Golden Panthers (0-1). at No. 11 Louisiana State 23, Vanderbilt 9: Keiland Williams rushed for 72 yards and two touchdowns for the Tigers (2-0, 1-0)
BUSINESS
February 11, 2013 | By Walter Hamilton
The Securities and Exchange Commission's revolving door is spinning as feverishly as ever. Lawyers who leave the SEC for private law firms often immediately begin lobbying on behalf of their new corporate clients, frequently trying to weaken agency regulations or proposed reforms, according to a new report. The issue of top officials leaving the agency has been a concern for years in public-advocacy circles. It is common for young lawyers to put in a few years at the SEC or other government agencies before leaving for far more lucrative jobs in private industry or with high-powered law firms.
SPORTS
December 8, 2013
CHARLOTTE, N.C. - - The final Saturday of the first Bowl Championship Series season in 1998 ended with shocking losses by Kansas State and UCLA that turned the BCS on its ear hole. Wild endings in St. Louis and Miami that day put Tennessee and Florida State in the first title game. It seemed only right that the final Saturday of the last BCS season should match that chaotic conclusion. Well, it certainly tried. In the end, though, somehow, it sort of broke cleanly. How?
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