« Independent Contractors | Main | Q & A on Non-disclosure Agreements »

Mar14
Today at the SEC

Today, the SEC and the United Kingdom's Financial Services Authority announced the signing of a Memorandum of Understanding Concerning Consultation, Cooperation and the Exchange of Information Related to the Supervision of Financial Services Firms and Market Oversight. The "landmark" agreement "will facilitate the exchange of confidential supervisory information currently collected by both regulators." The agreement also "provides for exchange of information about regulated entities and investment banking groups that operate both in the United States and the United Kingdom."

In other news, the agency announced the filing of a securities fraud action against three hedge funds, Langley Partners, North Olmsted Partners, and Quantico Partners (collectively, "Langley Partners"), and their portfolio manager, Jeffrey Thorp. The complaint accuses defendants of perpetrating an illegal trading scheme to evade registration requirements in connection with 23 unregistered securities offerings and of engaging in insider trading. Defendants settled: Langley Partners will disgorge $8.8 million; Langley Partners and Thorp will pay civil penalties totaling $7 million.

Next, the SEC announced the filing of a lawsuit seeking an order to enforce investigative subpoenas served on Gary Lynn McDuff. McDuff is suspected of participating in a ponzi scheme. Finally, the SEC announced the retirement of its Executive Director, Jim McConnell. McConnell, who has served as the Executive Director for 16 years, will retire effective June 2006.

related entries


0 Comments/Trackbacks




submit a trackback

TrackBack URL for this entry:

post a comment

Name, Email Address, and URL are not required fields.

(If you haven't left a comment here before, you may need to be approved by the site owner before your comment will appear. Until then, it won't appear on the entry. Thanks for waiting.)





Comment Preview

« Independent Contractors | Main | Q & A on Non-disclosure Agreements »

Advertise

sponsored ads



subscribe


Prefer Email?
Subscribe below-

Enter your Email:


Powered by FeedBlitz What's this?

Current News

Support This Blog

My site was nominated for Best Business Blog!

business social media

Use these fast growing business social media sites to promote your business, feature your products, spotlight your business leaders, create links, and drive traffic back to your company site, all for free!

BIZZlogos - Add your logo - free link to your site
BIZZphotos - Add photos of your products and people
BIZZprofiles - Submit your profile and build your online visibility
BIZZspotlight - Spotlight your business with free links
BIZZvideos - Videos about businesses, products and business people.
BIZZbites - "Digg" for Business - Submit your articles and posts

know more media network

View Network Map

Network Feed List (OPML)

Know More Media Network
Feed


we support unitus

PRWeb

Influencer



CompanyCounselor is a member of the Know More Media network of business related blogs.

Here are some current headlines from some of our business publications:

ProductivityGoal

CallCenterScript

AdHurl

TheBizofKnowledge

LandingTheDeal

CustomersAreAlways

HealthCareVox

BrainBasedBusiness

TheInsurancePolicy

MarketingBlurb