November 5, 2011
Five times since 2003 the Securities and Exchange Commission has accused Citigroup Inc.’s main broker-dealer subsidiary of securities fraud. On each occasion the company’s SEC settlements have followed a familiar pattern. Citigroup neither admitted nor denied the SEC’s claims. And the company consented to the entry of either a court injunction or an SEC [...]
Tags: accused, Accused Citigroup, Accusing, Accusing Citigroup, agency, America, asked, Asked Ldquo, Barring, billion, breaking, Breaking The Same, Breaking The Same Laws, Citigroup, Citigroup Agreed, commission, company, complaint, court, Court Injunction, fraud, Future, Future Violations, He Asked, He Asked Ldquo, Injunction, Jonathan Weil, Last month, Ldquo, Legal Standard, Legal Standard Rakoff, million, Million Fine, month, Of Breaking The, Of Breaking The Same, order, orders, Prior, Rakoff, Rdquo, Same Laws, Same Section, securities, Securities Fraud, settlement, settlements, Simply, standard, Standard Rakoff, That The Sec, The Agency, The Commission, The company, The Law, The Prior, The Public, The Same Laws, The Same Section, The Sec, The Securities, To Enforce The, violations
Posted in Life in Vietnam | Comments Off
August 31, 2011
The American International Group (AIG) building is seen in New York's financial district March 16, 2009. Top Bank of America Corp lawyers knew as early as January that American International Group Inc was prepared to sue the bank for more than $10 billion, seven months before the lawsuit was filed, according to sources familiar with [...]
Tags: 10 Billion, According, agreement, America, America Shares, American international, American international group, Amp Co, And Regulatory Matters, August, Backed Securities, Bank Executives, banks, billion, cases, claims, Corporation Finance, director, Disclose, Disclosing, Disclosure, disclosures, discuss, estimates, Familiar With The, Familiar With The Matter, Filed, filing, finance, financial, Finger, For More Than, Future, Future Legal, Generally, Generally And Not, Goldman, Goldman sachs, group, Group Inc, Including, information, International group, investors, large, lawsuit, Lawsuit Was Filed, lawsuits, lawyers, Legal, Legal Costs, Legal Liabilities, Legal Loss, Legal Loss Estimates, Legal Proceedings, Legal Threats, Legal Threats That, Liabilities, Litigation, loans, Loss Estimates, losses, Losses Are Reasonably, management, material, matters, Merrill Lynch, months, Morgan stanley, mortgage, Mortgage Backed, Mortgage Backed Securities, New york, Not Fruitful, Of America And, Of America Shares, Of Corporation Finance, On Whether Losses, On Whether Losses Are, people, potential, proceedings, publicly, quarterly, Quarterly Filing, Reasonably, Regulatory, Regulatory Matters, Reuters, Sachs, Said Bank, securities, Set Aside, shares, sources, Sources Familiar, Sources Familiar With, Sources Familiar With The, spent, Than 10, The Agency, The Agreement, The bank, The Bank Said, The Day, The Disclosure, The Insurer, The largest, The Lawsuit, The Lawsuit Was, The Lawsuit Was Filed, The Litigation, The loans, The Matter, The Mortgage, The people, The People Said, The Sec, Threatened Litigation, threats, To Discuss The, Top Bank, Us Banks, Wells Fargo, Whether Losses, Whether Losses Are, Whether Losses Are Reasonably, With The Matter
Posted in International | Comments Off
July 30, 2009
Thai fund managers are working with the countryâs Securities and Exchange Commission to create an agency to regulate their own industry to strengthen enforcement and boost public confidence, their trade group said. The new agency, to be formed within two years, will take over some supervisory roles including licensing and penalties, Voravan Taraphum, president of [...]
Tags: agency, And Exchange Commission, companies, Exchange Commission, Fund Companies, Fund Managers, industry, Last year, mutual, Mutual Fund, Mutual Fund Companies, New Agency, regulation, Securities And Exchange, Securities And Exchange Commission, Self Regulation, Thai Fund, Thai Fund Managers, The country, The industry, The new, The New Agency, The Sec, Trade Group, trillion, Trillion Baht, Voravan, Voravan Said The
Posted in International, News | Comments Off
July 23, 2009
Office staff work at Rio Tinto Group’s Shanghai office in Shanghai, China Chinaâs detention of Rio Tinto Group executives amid allegations of espionage and bribery should serve as a reminder to foreign companies that they may also risk prosecution by US enforcement agencies, lawyers said. âItâs not just domestic law that may be involved,â said [...]
Tags: allegations, And Due Process, And Exchange Commission, Anti-corruption, Australian, based, bribery, Cassin, China, Chinese, comment, companies, company, Corrupt Practices, Corrupt Practices Act, corruption, Death, Death Sentence, Due Process, Exchange Commission, Foreign, Foreign Companies, Foreign Corrupt, Foreign Corrupt Practices, Foreign Corrupt Practices Act, graft, group, information, Iron Ore, London Based, New york, New York Based, Of Public Officials, Officials, people, process, public, Public Officials, Rio Tinto, Rio Tinto Group, Schnitzer Steel, Securities And Exchange, Securities And Exchange Commission, Shanghai, steel, Supreme People, Suspended Death, Suspended Death Sentence, The case, The chinese, The foreign, The new, The New York, The Sec, The world, Tinto, Tinto Group, transparency, Transparency And Due, Transparency And Due Process, Us Securities, Us Securities And, Us Securities And Exchange, world, York Based
Posted in International, News | Comments Off
June 9, 2009
John P. McMurray made it clear to his Countrywide Financial Corp bosses that they were playing a dangerous game with risk. But they didnât listen. Even so, he is being called a hero.Warnings from McMurray are cited often in a lawsuit filed by the US Securities and Exchange Commission against Countrywideâs co-founder Angelo Mozilo and [...]
Tags: About Countrywide, By The Sec, center, Chief, Chief Risk, Chief Risk Officer, company, Concerns, Concerns About Countrywide, Countrywide, credit, Emails, Enron, financial, fraud, Home Loan, housing, industry, Internal, lawsuit, Left Countrywide, market, Mcmurray, Mcmurray Left Countrywide, mortgage, Mozilo, National Whistleblowers, National Whistleblowers Center, officer, Poston, President, Risk Officer, Sambol, Sambol And Sieracki, Sambol Mcmurray, Sherron Watkins, Sieracki, story, The company, The Lawsuit, The Mortgage, The Public, The Sec, This Approach, Vice president, warned, Watkins, Whistleblowers, Whistleblowers Center, Worldcom
Posted in International, News | Comments Off
May 8, 2009
The US Securities and Exchange Commission (SEC) plans to spend new funding sought by the Obama administration for 2010 on technology for investigating fraud and forensic analysis, a White House budget report said. President Barack Obamaâs spending plan for the year starting October 1, released Thursday, boosts SEC funding 6.87 percent to US$1.03 billion from [...]
Tags: agency, Analysis:, Budget, Forensic Analysis, Sec Plans, technology, The Agency, The Budget, The Sec
Posted in International, News | Comments Off
April 26, 2009
For hundreds of unemployed Wall Street professionals, the âstress testâ began at 8 a.m. Thatâs when former traders, analysts and controllers holding recently polished resumes lined up inside a midtown Manhattan office building Friday for the start of a job fair where Uncle Sam was the primary employer.âThey are hiring,â said John Willis, 46, who [...]
Tags: And The Cia, Deposit Insurance, Elalaily, Fbi And The, Fbi And The Cia, federal, Federal Deposit, Federal Deposit Insurance, Federal Reserve, fraud, Government, Government Job, Government Salaries, He Lost, He Lost His, He Lost His Job, His Job, In New York, Job Fair, Lost His Job, New york, New York And, Of Work Since, Office, people, Reserve, Stern, Street, stress, Stress Balls, The Cia, The Fbi, The Fbi And, The Fbi And The, The Federal, The Federal Deposit, The Federal Deposit Insurance, The Federal Reserve, The job, The Sec, Wall Street, Washington, Who lost
Posted in International, News | Comments Off
March 3, 2009
James M. Davis, the second-highest ranking executive at the Stanford Financial Group of companies, refused to cooperate in the US investigation of an alleged US$8 billion Ponzi scheme at the firms. âI hereby assert my privilege against self-incrimination under the Fifth Amendment of the US Constitution and decline to testify or provide an accounting,â Davis [...]
Tags: Allen Stanford, billion, companies, Davis, Davis And Stanford, financial, Financial Group, International Bank, Ponzi Scheme, Stanford, Stanford Financial, Stanford Financial Group, Stanford International, Stanford International Bank, The Sec
Posted in International, News | Comments Off
February 20, 2009
A worker posts a temporary closure notice at Stanford Financial Group’s offices in Houston, Texas, US, on February 17, 2009. Stanford International Bank Ltd., accused by US regulators of defrauding investors, relied on more than high interest payments to sell US$8 billion of what it called certificates of deposit. The Antigua Bank, founded by Stanford [...]
Tags: 000 Cd, According, Advisers, Allen, Allen Stanford, Amp Co, Antigua, Antigua Bank, Bankers Blanket, Bankers Blanket Bond, Blanket Bond, Bloomberg, By Stanford International, Cds Issued, certificates, clients, Commercial, Commercial Loans, companies, company, Coverage, Deposit, Directors And Officers, February, February 17, financial, Financial Advisers, Financial institutions, Funds, group, image, In The Sec, In The Sec Complaint, insurance, International, investors, issued, loans, Lodis, Make Commercial, Make Commercial Loans, manual, money, New Image, Not Make Commercial, Not Make Commercial Loans, Of The Portfolio, Of The Portfolio Was, On The Caribbean, one-year, regulators, Said Pedro, Said Stanford, Said Stanford International, Sec Complaint, Security, Stanford, Stanford Financial, Stanford Group, Stanford International, Tell Clients, Tell Clients That, The Antigua, The Antigua Bank, The bank, The Caribbean, The Federal, The Image, The Manual, The Portfolio, The Portfolio Was, The Quote, The Sec, The Sec Complaint, The Sec Said, To Tell Clients, To Tell Clients That, Training Manual, website
Posted in International, News | Comments Off
Rio spy claim case shows SEC probe risk, lawyers say
Office staff work at Rio Tinto Group’s Shanghai office in Shanghai, China Chinaâs detention of Rio Tinto Group executives amid allegations of espionage and bribery should serve as a reminder to foreign companies that they may also risk prosecution by US enforcement agencies, lawyers said. âItâs not just domestic law that may be involved,â said [...]
Tags: allegations, And Due Process, And Exchange Commission, Anti-corruption, Australian, based, bribery, Cassin, China, Chinese, comment, companies, company, Corrupt Practices, Corrupt Practices Act, corruption, Death, Death Sentence, Due Process, Exchange Commission, Foreign, Foreign Companies, Foreign Corrupt, Foreign Corrupt Practices, Foreign Corrupt Practices Act, graft, group, information, Iron Ore, London Based, New york, New York Based, Of Public Officials, Officials, people, process, public, Public Officials, Rio Tinto, Rio Tinto Group, Schnitzer Steel, Securities And Exchange, Securities And Exchange Commission, Shanghai, steel, Supreme People, Suspended Death, Suspended Death Sentence, The case, The chinese, The foreign, The new, The New York, The Sec, The world, Tinto, Tinto Group, transparency, Transparency And Due, Transparency And Due Process, Us Securities, Us Securities And, Us Securities And Exchange, world, York Based
Posted in International, News | Comments Off