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U.S. Securities and Exchange Commission

A collection of news and information related to U.S. Securities and Exchange Commission published by this site and its partners.

Top U.S. Securities and Exchange Commission Articles

Displaying items 34-44
  • Azar guilty in $7M investment scam

    Azar guilty in $7M investment scam
    Seven years after he took over his family's Anne Arundel County real estate business in 1999, Wilfred Azar III had driven it into insolvency. Federal prosecutors say the former Queenstown man racked up $22 million in debt for Empire Corp. by 2006, the...
  • Kevin O'Connor Leaving UTC For Investment Firm

    Kevin O'Connor Leaving UTC For Investment Firm
    Kevin J. O'Connor, a former U.S. attorney for Connecticut and more recently a top compliance executive at United Technologies Corp., will become general counsel for a Stamford-based investment firm led by billionaire Steven A. Cohen, the firm said...
  • Oxfam America presses SEC on drafting disclosure regulations

    The aid group Oxfam America is pressing federal officials to draft regulations aimed at requiring U.S.-listed oil, gas, and mining companies to publish what they pay to governments for access to natural resources in foreign countries. Lawyers for the...
  • 2 ex-Wilmington Trust executives indicted in bank fraud case

    Two former top executives of Wilmington Trust were indicted by a federal grand jury Wednesday on charges of making false statements to government officials about the troubled loan portfolio that led to the bank's demise. William B. North, 55, the bank'...
  • Allstate raising auto rates in Illinois by average 3 percent

    Allstate raising auto rates in Illinois by average 3 percent
    Allstate plans to raise its car insurance rates by an average of about 3 percent in Illinois effective June 4. The Northbrook-based insurer disclosed its plans in a filing Tuesday with the state's insurance department. "Some auto customers in Illinois...
  • SEC lawsuit accuses company of fraud in 'man camp' projects

    A company that sold investments in housing developments for workers in the North Dakota oil patch ran an illegal fraud scheme that bilked investors out of millions of dollars, state and federal authorities said Tuesday. The U.S. Securities and Exchange...
  • Herbalife first-quarter profit falls less than expected; stock surges

    Herbalife first-quarter profit falls less than expected; stock surges
    Herbalife Ltd., the Los Angeles nutrition company that has fought critics saying it operates an illegal pyramid scheme, reported surprisingly strong results for the first three months of the year. The news drove the company's stock up as much as 15% in...
  • Durbin seeks debt relief for former Everest College students

    Durbin seeks debt relief for former Everest College students
    Students who attended Corinthian colleges, including Everest College in Merrionette Park, should get "meaningful federal debt relief" in the wake of Corinthian's collapse "under the weight of its own wrongdoing," U.S. Sen. Dick Durbin said Monday in a...
  • The right way to measure CEO pay has nothing to do with 'shareholder value'

    The right way to measure CEO pay has nothing to do with 'shareholder value'
    The latest initiative by the Securities and Exchange Commission to give shareholders more information about their CEOs' pay has revived an old question: What's the right way to judge if a CEO is making too much? The SEC's proposal, which is now open for...
  • Starboard Value says it bought 4M shares of Brink's

    Activist investment firm Starboard Value says it bought an 8.2 percent stake in armored car company Brink's, and it called the stock undervalued. Starboard Value disclosed ownership of almost 4 million shares in a form filed with the Securities and...
  • Phoenix Pays $48.5 Million To Settle Class-Action Suits

    The Phoenix Cos. has agreed to pay $48.5 million to settle two class-action lawsuits related to rate hikes in 2010 and 2011. The agreement was reached April 30 with SPRR LLC; Martin Fleisher, as trustee of the Michael Moss Irrevocable Life Insurance...