July 15, 2010 |
WASHINGTON -- The government on Thursday settled its sweeping civil fraud case against Goldman Sachs & Co., the Wall Street banking giant that came to exemplify the financial-market meltdown that helped plunge the country into the worst recession in a generation. Under the terms of the agreement, Goldman will pay $550 million, the largest fine ever imposed on a Wall Street firm. In April, the Securities and Exchange Commission accused Goldman of, in a sense, simultaneously betting both on the viability of the soaring housing market and on its collapse.
October 11, 2009 |
at Arkansas 44, No. 17 Auburn 23: Michael Smith rushed for 145 yards and a touchdown, and the Razorbacks (3-2, 1-2) held off a late Auburn rally to hand the Tigers (5-1, 2-1) their first loss of the season. at No. 25 South Carolina 28, Kentucky 26: Stephen Garcia threw for three touchdowns and ran for another, and the Gamecocks (5-1, 2-1) stopped a potential tying two-point conversion in the fourth quarter to beat the Wildcats (2-3, 0-3), keeping Coach Steve Spurrier a perfect 17-0 against Kentucky.
June 9, 2010 |
U.S. Securities and Exchange Commission Chairwoman Mary Schapiro said Tuesday that the agency would expand the list of companies that would be covered by a proposal to halt trading of stocks after they've risen or fallen 10% during a five-minute period. The SEC intends to add "thousands" of companies to a roster that would initially include companies in the Standard & Poor's 500 index, Schapiro said. Trading curbs are being proposed in response to the May 6 stock plunge that erased $862 billion from U.S. equities in 20 minutes and briefly drove the Dow Jones industrial average down 1,000 points.
January 8, 2012 |
Reporting from New Orleans — The malaise plaguing a football-viewing nation outside the four upcoming quarters near the French Quarter has been diagnosed as "SEC fatigue. " The Southeastern Conference on Monday is guaranteed its sixth straight national title, and to lose its first, because the league is hoarding both spots of this year's Bowl Championship Series game. No.1 Louisiana State seeks its third BCS crown since 2002 against a No. 2 Alabama squad that hasn't won it all since, um, 2009.
November 8, 2009 |
at No. 1 Florida 27, Vanderbilt 3: Tim Tebow accounted for two touchdowns, Caleb Sturgis kicked two field goals and the Gators beat the Commodores in a lackluster effort. Florida extended its winning streak over Vanderbilt, as well as its streak overall, to 19 games. Tebow completed 15 of 20 passes for 208 yards and a touchdown, but a big chunk of his yardage came on a 64-yard run-and-catch by Aaron Hernandez late in the fourth quarter. at Arkansas 33, South Carolina 16: Ryan Mallett completed 23 of 27 passes for 329 yards to lead the Razorbacks.
August 5, 2010 |
The Securities and Exchange Commission has charged two alleged Orange County boiler-room operators and four salesmen with conducting a fraudulent green-energy investment scheme. In a complaint filed Wednesday, the SEC said that investors were told the money would go to fund an environmentally friendly energy business, but out of $11 million collected, only about $315,000 went to American Environmental Energy Inc. in Costa Mesa. The rest of the money allegedly fueled lavish lifestyles for the company's principals, Larry R. Crowder, 53, of Newport Coast and Joseph R. Porche, 51, of Aliso Viejo.
November 23, 2012 |
The Southeastern Conference has been accused of a lot of things through the years - but a scam? The league is cutthroat, for sure, and often overzealous in praise of itself. The SEC is wildly talented and over the top, with many of its fans and announcers in serious need of decaffeinated coffee. The NCAA has been called in to investigate many times over the years, but no one can remember a summons for the bunco squad. The sense the SEC is getting away with something took an Internet column turn this week when Gregg Doyel of CBS Sports called the SEC up before the tribunal.
December 31, 2004 |
Four public pension funds asked the Securities and Exchange Commission to reconsider its support for Walt Disney Co.'s decision to exclude from its proxy a resolution that would allow shareholders to nominate up to two board members. Wednesday's request came after the SEC's staff reversed itself and sided with Disney. Funds, including the powerful California Public Employees' Retirement system, contend the SEC didn't explain its reasoning. -- Richard Verrier
October 16, 2013 |
Surprise. An athletic director from a Southeastern Conference school will chair the college football playoff committee. The appointment of Jeff Long, Arkansas' athletic director, is certain to raise eyebrows everywhere north (east and west) of the South. But to get that down-home-country view you should ask someone who has spent a lot of time there. So, how does the SEC view the college football world? "That the Southeastern Conference is the college football world," UCLA offensive coordinator Noel Mazzone said.
March 12, 2008 |
The Securities and Exchange Commission and the Commodity Futures Trading Commission said they would work more closely to speed approval of new financial products and coordinate fraud investigations. The SEC polices securities, stock exchanges and public-company disclosures. The CFTC regulates trading of futures and options. The agencies on Tuesday released a memorandum of understanding intended to guide their coordination. The Securities Industry and Financial Markets Assn., Wall Street's biggest lobbying group, has called for combining the SEC and CFTC.