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SEC

Mary Jo White Sworn in as SEC Chair

Submitted by rkoreto on Thu, 04/11/2013 - 13:44
  • SEC
After receiving the unanimous consent of the U.S. Senate, Mary Jo White became the 31st chair of the SEC on April 10, according to a release on the SEC website. She had been chair of the litigation department at Debevoise & Plimpton in New York, and before that, U.S. Attorney for the Southern District of New York.
 
[Full Story]
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Babies investing? No, just insider trading.

Submitted by Chris Gaetano on Tue, 04/09/2013 - 16:49
  • Accountability
  • Ethics
  • SEC

If people were going to wager on who would make more money in the stock market over 15 years, an experienced trader or a baby, most people would probably bet on the grownup.

[Full Story]
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SEC: Social Media OK for Fair Disclosure

Submitted by Chris Gaetano on Wed, 04/03/2013 - 11:54
  • SEC

Publicly traded companies under the jurisdiction of the Securities and Exchange Commission (SEC) are required to disclose material information to all investors at the same time, a rule called Regulation Fair Disclosure, a measure enacted in 2000 in order to prevent selective disclosure that could lead some investors to have an unfair advantage over others.

[Full Story]
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U.S. Offered Seat on IASB Panel

Submitted by Chris Gaetano on Tue, 02/26/2013 - 17:18
  • FASB
  • IASB
  • IFRS
  • SEC

The International Accounting Standards Board (IASB) has offered the U.S.

[Full Story]
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Prosecutor Tapped for SEC

Submitted by rkoreto on Fri, 02/01/2013 - 09:46
  • Federal
  • SEC
In late January, President Obama nominated attorney Mary Jo White to lead the Securities and Exchange Commission. In his January 26 weekly address discussing the appointment, he cited a reforming agenda and need to fight "irresponsible behavior."
 
[Full Story]
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SEC Charges TheStreet in Fraud

Submitted by rkoreto on Tue, 12/18/2012 - 14:44
  • Auditing
  • New York State
  • SEC
According to a release from the SEC, the Commission has charged TheStreet Inc., which operates the website TheStreet.com, and three executives for their roles in an alleged accounting fraud that it says artificially inflated company revenues and misstated operating income to investors.
 
[Full Story]
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SEC Too Late on China?

Submitted by Chris Gaetano on Fri, 12/07/2012 - 11:44
  • Accountability
  • SEC

An article in Slate argues that while it's good that the SEC is cracking down on Chinese accounting firms, it is probably too little, too late at this point and that the most the commission can hope for at this point is a moral victory. This is because, argues the author, Chinese companies are already well established in U.S.

[Full Story]
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U.S.-Affiliated Chinese Firms Charged

Submitted by rkoreto on Tue, 12/04/2012 - 16:59
  • Auditing
  • Big Four
  • Federal
  • SEC
In a Dec. 3 release, the SEC began administrative proceedings against the China affiliates of each of the "Big Four" accounting firms and another large U.S. accounting firm. The SEC alleges these firms have refused to produce audit work papers and other documents related to China-based companies the SEC is investigating.
 
[Full Story]
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SEC Chair Contender Bows Out

Submitted by Chris Gaetano on Wed, 11/28/2012 - 17:27
  • Federal
  • SEC

Mary Miller, currently the undersecretary of domestic finance at the U.S.

[Full Story]
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SEC Chair Stepping Down

Submitted by Chris Gaetano on Mon, 11/26/2012 - 12:00
  • Federal
  • SEC

Mary Schapiro, current chair of the Securities and Exchange Commission, will step down from her position after four years of serving as the head of a major component of the U.S. financial regulatory system, according to the New York Times. Schapiro, according to the Times, was widely known to be exhausted by her tenure at the SEC and has been telegraphing her desire to leave for more than a year.

[Full Story]
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