SEC head calls for transparency on credit default swaps (CDS)
Its great to know that is takes a crisis with global implications to ruin many economies for us to finally to demand disclosure on these huge positions using credit default swaps (CDS). The SEC head,...
View ArticleSEC delays action on credit rating agency rules
Not too much of delay but they really need to get these rules in place. Also I feel that a hard look should be looked at in terms of how the credit rating agencies played a part in this crisis. If...
View ArticleSEC adopts new oil and gas reserve reporting standards
I am not sure the benefit on probable and possible reserves, hopefully it will spur more investment in the sector but with that said, some investors might get duped by investing on numbers that are not...
View ArticleBernard Madoff settles civil fraud charges with SEC without admitting wrongdoing
Bottom-line, my gut tells me that this was purely political on the basis that if all the facts came to light, I am sure the SEC would have looked either complicit or incompetent. Either of those...
View ArticleGE to pay $50 million in fines to settle SEC fraud charges
Here is my favorite quote: “GE bent the accounting rules beyond the breaking point, Overly aggressive accounting can distort a company’s true financial condition and mislead investors.” Funny how GE...
View ArticleJ.P. Morgan Securities Settles SEC Charges in Jefferson County Swap & Bond Case
Wall Street Journal, Washington - J.P. Morgan Securities Inc. and two of its former managing directors on Wednesday settled charges with the U.S. Securities and Exchange Commission for their roles in...
View ArticleJPMorgan reaches agreement to settle SEC mortgage probes
This initial report is pretty thin on details and the only real reference is to an old settlement that occurred in 2010 wit a mortgage related issue. We can be assured a major press release will be...
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