SEC May Lift Information Restrictions
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The Securities and Exchange Commission yesterday proposed changes to decades-old rules that would allow companies planning new stock offerings to share far more information with investors about the state of their businesses.
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U.S. regulators are looking into  whether Wall Street firms are providing insider information on  upcoming offerings, either on purpose or inadvertently, the  Wall Street Journal reported on Thursday.
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After regulators unveiled a plan to ban anonymous investment and curb derivatives, some foreign investors may consider leaving Indiaâs red-hot stock markets.
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Federal regulators proposed Tuesday to loosen the &quot;quiet period&quot; rule, a Depression-era regulation meant to prevent companies poised to sell stock or bonds to the public from promoting the securities.
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Federal regulators proposed Tuesday to loosen restrictions on executives' comments in the weeks before their company goes public in a stock sale, a move that could bring the first significant changes in 70 years to a traditional fixture known as the quiet period.
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Make way for a flood of additional Securities and Exchange Commission filings. That's the message from observers who expect new SEC rules taking effect Monday to more than double the number of regulatory filings known as Form 8-Ks.
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WASHINGTON (CBS.MW) - Arriving today, about a year later than originally planned, new rules for corporate reporting will likely show a weakness of internal controls at financial services firms.
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U.S. Securities and Exchange Commission (SEC) reporting rules that govern listed companies are too much for Creative Technology, which has renewed plans to delist its shares from the Nasdaq stock exchange.
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The Securities and Exchange  Commission aims to increase the transparency of Wall Street's  disclosures and has more than 3 dozen investigations underway  amid the fallout from the subprime mortgage crisis, Chairman  Christopher Cox said on Thursday.
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New York - The Securities and Exchange Commission (SEC) released its 160-page rule extending its oversight to the $866 billion (R5.02 trillion) hedge fund industry more than a month after commissioners narrowly backed the move in a 3-2 vote.
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The Securities and Exchange Commission is poised to curb fund companies from steering stock trades to brokerage firms that agree to sell their funds.
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If you want to keep the right to influence your companies, let the SEC know.
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Federal regulators yesterday proposed a revamped package of changes in how US stocks are traded, extending the reach of a rule requiring brokers to obtain the best possible price for customer orders even if it means going to another market and takes longer.
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(InfoWorld) - The Securities and Exchange Commission has taken the drastic step of suspending trading in shares of 35 companies whose stocks have frequently been touted in mass spam campaigns. SEC officials said on Feb. 8 that the firms involved -- none of which are household names -- have been the subject of repeated spam efforts meant to drive up trading of their securities and, subsequently, the value of the companies themselves. The trading bans will last for 10 days, after which shares in the involved companies will be unlocked -- unless the SEC's ongoing investigation proves any of the firms were involved in the e-mail schemes. While the ban might seem unfair to the businesses involved, especially if their names and securities were merely selected by scammers looking for penny stocks to inflate in so-called pump-and-dump operations, SEC officials said that in each business's case, there were sufficient questions raised regarding the "adequacy and accuracy" of information being advertised about the companies. Criminals have increasingly begun using spam to drive up interest in cheap stocks over the last several years. Before sending out mass messages about a specific firm, the individuals buy stock in the companies in the expectation that, with their e-mails, they can convince other people to purchase shares. When prices of the shares involved rise, the schemers sell off their own holdings, thus the pump-and-dump moniker. The spam messages, which often feature subject lines such as "Fast Money," have become one of the types of unwanted e-mail most frequently delivered to inboxes over the last year, alongside advertisements for prescription medications. Whenever misleading information is being widely distributed about a firm whose securities are traded, the SEC takes such actions, an agency representative said. "All we can say is that we suspend trading any time we think misinformation about specific securities is being reported," said Helene Glotzer, an SEC spokeswoman. "We're not making a statement that these companies themselves were behind the misstatements, but if the information is out there we feel it is important to let the investing public know; we'll continue our investigation, and if it is appropriate to take action against any of the companies, that is what we will do." The suspensions are part of an SEC initiative known as Operation Spamalot, which was launched specifically to shield investors from spam e-mail "hyping" small company stocks. SEC officials said that anyone who has received such e-mail will recognize the names of the companies who were suspended, as they are among the most frequently cited businesses in securities-related spam campaigns. The messages typically advertise some new product or impending deal that will increase the value of the companies and encourage investors to buy their low-priced securities, which are usually penny stocks. For instance, among the companies whose shares were suspended is Apparel Manufacturing Associates, a Bloomfield, Conn.-based firm that markets itself as a management and development company focused on the fashion arena. The SEC said that on Friday, Dec. 15, 2006, shares in Apparel Manufacturing closed at 6 cents, on a trading volume of 3,500 shares. After a weekend-long spam campaign using e-mails about the company advertising "huge news" that encouraged investors to "get in before the wire," trading volume in the stock rose to 484,568 shares on Monday, Dec. 18, with the price of the stock rising to more than 19 cents a share. The agency said that two days later the price had climbed to 45 cents per share, but one week after, Apparel Manufacturing's share price had fallen to 10 cents on trading volume of 65,350 shares. Calls to the company seeking comment on the stock suspension were not immediately returned. If the SEC investigation finds no link between the companies involved and the spam campaigns, their shares will be released for trading on March 21, 2007. SEC officials noted that the suspensions were all handed out to companies that are not subject to the SEC reporting requirements and whose shares are not listed on any exchange or on the OTC Bulletin Board. This means that brokers posting quotations for the purchase and sale of the securities are not required to conduct due diligence regarding the issuers, according to the agency. The 35 companies whose trading was suspended by the SEC are: Advanced Powerline Technologies, America Asia Petroleum, Amerossi International Group, Apparel Manufacturing Associates, Asgard Holdings, Biogenerics, China Gold, CTR Investments & Consulting, DC Brands International, Equal Trading, Equitable Mining, Espion International, Goldmark Industries, GroFeed, Healtheuniverse, Interlink Global, Investigative Services Agencies, iPackets International, Koko Petroleum, Leatt Corporation, LOM Logistics, Modern Energy, National Healthcare Logistics, Presidents Financial, Red Truck Entertainment, Relay Capital, Rodedawg International Industries, Rouchon Industries, Software Effective Solutions, Solucorp Industries, Sports-stuff.com, UBA Technology, Wataire Industries, WayPoint Biomedical Holdings, and Wineco Productions.
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WASHINGTON (CBS.MW) -- Members of the Securities and Exchange Commission will meet Wednesday morning to discuss proposed amendments to an agency rule that forbids manipulating the outcome of securities offerings.
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US stock markets would have to disclose executive pay and provide details of their regulatory programs, under new rules proposed by the Securities and Exchange Commission on Tuesday.
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The Securities and Exchange Commission on Tuesday proposed that stock markets disclose more information about their operations, including executive pay and regulatory programs.