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ENTERTAINMENT
August 26, 2011 | By Robert Abele
What should have been a disturbing examination of a colossal financial crime in "Chasing Madoff" is instead a disturbed one. Using an irritably distracting collage of hopped-up graphics, archival footage and faux-noir re-creations in black and white, director Jeff Prosserman's frenzied documentary focuses on the scandal's much-noted whistle-blower, a securities analyst named Harry Markopolos, who had been trying for 10 years — before Bernard Madoff's...
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BUSINESS
April 2, 2013 | By Andrew Tangel
NEW YORK -- Mary Schapiro, who led the Securities and Exchange Commission in the four years following the financial crisis, has landed at a Washington consulting firm. Promontory Financial Group announced Schapiro's new role as managing director and chairman of its governance and markets practice division Tuesday. At the firm, she'll work with banking and financial services clients on governance and risk management. "This is important not only to companies, but also to our markets and to global prosperity," Schapiro said in a statement.
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BUSINESS
October 9, 2004
Krispy Kreme Doughnuts Inc. said the Securities and Exchange Commission opened a formal investigation of the company's accounting.
NATIONAL
March 2, 2013 | By Rong-Gong Lin II and Maeve Reston, Los Angeles Times
The Las Vegas casino company headed by high-profile Republican donor and billionaire Sheldon Adelson said it probably violated a federal law that prohibits the bribery of foreign government officials. Las Vegas Sands Corp. said its auditors found that "there were likely violations" of the Foreign Corrupt Practices Act, which bars Americans from bribing foreign officials to secure an advantage. The disclosure was made in a filing Friday with the Securities and Exchange Commission.
BUSINESS
December 24, 2004 | From Bloomberg News
As expected, the Securities and Exchange Commission on Thursday approved rules that paved the way for American Stock Exchange members to repurchase the marketplace from the National Assn. of Securities Dealers, ending five years of ownership by NASD.
BUSINESS
November 30, 1995 | Times Staff and Wire Reports
The Securities and Exchange Commission is seeking about $32 million from two people charged in the insider trading case involving Motel 6 L.P. and Norton Co.--among the highest such amounts sought by the agency.
BUSINESS
June 14, 1988 | From States News Service
Businessland Inc. of San Jose plans to acquire ComputerCraft Inc., a Houston company, according to a Securities and Exchange Commission filing.
NEWS
July 13, 2012 | By Jon Healey
This post has been updated, as indicated below. Online pundits continued to joust Friday over when Mitt Romney's tenure at Bain Capital ended, reacting to a series of reports (e.g., here , here , here and here ) that Romney remained involved in Bain's investments after he left the company in February 1999. That just goes to show you -- the Washington Post isn't as powerful as it used to be. More important for Romney, it's a reminder that what makes sense on Wall Street doesn't necessarily play well in the reductive world of American politics.
BUSINESS
May 8, 2012
Clothing retailer The Talbots Inc. says it has received a $210.9 million takeover offer from private equity firm Sycamore Partners. Sycamore, Talbot's largest shareholder, is offering $3.05 per share for the company. That's a 9 percent premium from the stock's closing price on Friday. Talbots, based in Hingham, Mass., announced the offer on Monday. Talbots had 69.2 million shares outstanding as of Jan. 28, according to a filing with the Securities and Exchange Commission.
BUSINESS
March 29, 2012 | By Tiffany Hsu, Los Angeles Times
In a year when Bank of America Corp.'s stock plunged 58% and the company announced plans to lay off 30,000 employees, Chief Executive Brian Moynihan's compensation package more than quadrupled to nearly $8.1 million. Here's why: In 2011, the Charlotte, N.C., bank recorded $1.4 billion in profit after losing $2.2 billion the year before. So although the bank's compensation and benefits committee kept Moynihan's salary the same at $950,000, he landed $6.1 million in performance-reliant stock.
BUSINESS
February 8, 2012 | By Nathaniel Popper, Los Angeles Times
Regulators are proposing dramatic reforms to one of the most popular places for retail investors to put their cash: money-market funds. The staff at the Securities and Exchange Commission is drawing up new rules that would govern the $2.7-trillion money-market-fund industry after the ultra-safe reputation of the funds came into question during the financial crisis. Money-market funds have long provided the safety and accessibility of a checking account with slightly higher returns thanks to a strategy of making almost risk-free short-term loans.
ENTERTAINMENT
August 26, 2011 | By Robert Abele
What should have been a disturbing examination of a colossal financial crime in "Chasing Madoff" is instead a disturbed one. Using an irritably distracting collage of hopped-up graphics, archival footage and faux-noir re-creations in black and white, director Jeff Prosserman's frenzied documentary focuses on the scandal's much-noted whistle-blower, a securities analyst named Harry Markopolos, who had been trying for 10 years — before Bernard Madoff's...
BUSINESS
May 6, 2011 | By Nathan Olivarez Giles, Los Angeles Times
Barnes & Noble Inc. is set to announce a new e-reader May 24, according to a regulatory filing from the company. "In a meeting with investor analysts on May 4, 2011, Barnes & Noble Inc. ... indicated it expects to make an announcement on May 24, 2011, regarding the launch of a new e-reader device," Barnes & Noble said in a filing with the Securities and Exchange Commission. The bookseller and e-reader maker didn't say what the new device would be called, cost or look like.
BUSINESS
February 9, 2011 | By Richard A. Serrano, Los Angeles Times
Intensifying a crackdown on alleged insider trading by hedge funds, federal prosecutors have brought criminal charges against four more people, two of whom have already pleaded guilty. The actions in federal court in New York are the latest in a widening investigation by a special hedge fund task force created by the Securities and Exchange Commission and coordinated by the Obama administration that is designed to stem financial crimes. Two of those charged had connections to Primary Global Research of Mountain View, Calif.
OPINION
November 12, 2009
The federal jury that acquitted two Bear Stearns hedge-fund managers of securities fraud this week undermined the government's effort to find crimes in Wall Street's epic collapse. That's just half the story, though, and as far as investors are concerned, the less interesting half. Ralph Cioffi and Matthew Tannin, the men in charge of the two failed hedge funds, still face a lawsuit by the Securities and Exchange Commission. The SEC's filing demonstrates that agency's ability to pursue investment managers even when their funds are unregulated.
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