BNET Business Dictionary
Business Definition for: SEC
- Securities and Exchange Commission
Wiktionary Definition for: SEC
- #Securities and Exchange Commission
Additional Resources
- Madoff to Watchdog - SEC Held Me in Awe
- By Rachelle YounglaiWASHINGTON (Reuters UK) - Bernard Madoff believed U.S. Securities and Exchange Commission employees were too dazzled by his stature on Wall Street to properly probe his operations and uncover his massive fraud, documents released on Friday showed.According to a jailhouse interview with the SEC's inspector general in June,...
- News items 2009-10-31
- SEC Seeks Alternative Uptick Rule
- The Securities and Exchange Commission announced August 17 that it is seeking public comment on an alternative approach to short selling price test restrictions that the Commission says "may be more effective and easier to implement than previously proposed price test restrictions currently under consideration." According to the SEC, the...
- News items 2009-08-19
- Madoff Documents Reveal Incredulous, Unfocused SEC
- By Jonathan Stempel and Rachelle YounglaiNEW YORK/WASHINGTON (Reuters) - U.S. securities investigators raised repeated concern over how Bernard Madoff could be running an honest business, but never followed through on the many red flags they uncovered.Hundreds of documents released on Friday by U.S. Securities and Exchange Commission's portray an agency...
- News items 2009-11-01
- 5 Ways to Reform the Embattled SEC
- In the latest twist of the Bernie Madoff story, the House Financial Services Committee will question Securities & Exchange Commission officials Jan. 5 about how they missed Madoff's huge pyramid scheme despite evidence of wrong-doing dating back more than a decade. This is just another shoe to...
- Blog posts 2009-01-05
- SEC Charges Two Computer Programmers with Assisting Madoff's Fraud
- « SEC Settles Regulation G Charges against SafeNet, Former Officers and Former Accountants | Main The SEC charged two computer programmers for their role in helping convicted Ponzi schemer Bernard L. Madoff cover up the fraud at Bernard L. Madoff Investment Securities LLC BMIS for more than 15 years. The SEC...
- News items 2009-11-13
- Judge Will Not Sign Off on BofA, SEC Bonus Pact
- By Jonathan Stempel NEW YORK (Reuters) - A federal judge refused to approve a proposed settlement between the U.S. Securities and Exchange Commission and Bank of America Corp BAC over the payment of bonuses to Merrill Lynch & Co employees, saying he was unable to determine if it was fair...
- News items 2009-08-10
- SEC Charges Two Former J.P. Morgan Securities Officers in Alabama Illegal Payments Scheme
- « Corp Fin Staff Release New Guidance on Shareholder Proposals related to Risk and Succession Planning | Main | Three Former Symbol Technologies Settle Accounting Fraud Charges » The SEC filed fraud charges against Charles E. LeCroy and Douglas W. MacFaddin, two former directors of J.P. Morgan Securities Inc. in connection with an unlawful...
- News items 2009-11-04
- Paul Atkins: SEC Needs Lighter Touch
- Do you think the nation's top securities regulator goes overboard in enforcement? One of its outgoing commissioners thinks it does. U.S. Securities & Exchange Commission member Paul Atkins recently co-wrote an article claiming that enforcement issues are so egregious that the SEC needs to set up an...
- Blog posts 2008-07-17
- Will There be an SEC Next Year?
- An era has ended at the U.S. Securities & Exchange Commission. No longer will the regulatory agency rely upon "voluntary" self-policing at financial institutions. SEC Chair, Christopher Cox, now under intense fire for the SEC's role in the Wall Street meltdown, has ended the so-called Consolidated Supervised...
- Blog posts 2008-09-29
- U.S. Judge Tells BofA, SEC to Reveal More on Bonuses
- By Jonathan Stempel and Joe Rauch NEW YORK (Reuters) - A federal judge ordered Bank of America BAC to explain why it agreed to pay $33 million to settle a U.S. Securities and Exchange Commission lawsuit if it believed it properly disclosed bonuses it authorized for Merrill Lynch & Co...
- News items 2009-08-25
- Exchanges Differ on SEC-CFTC Peacemaking Goal
- By Christopher Doering and Rachelle Younglai WASHINGTON (Reuters) - Major exchanges differed on how far U.S. securities and futures regulators should align their rules, with the world's largest - the Chicago Mercantile Exchange - arguing against a one-size-fits-all rule. The Commodity Futures Trading Commission and the Securities and Exchange Commission...
- News items 2009-09-02
- Internal review blasts SEC over Madoff
- Reuters BOSTON/WASHINGTON - US securities regulators missed repeated chances to uncover Bernard Madoff's Ponzi scheme, a sharply critical review by a federal watchdog said. A summary of a report by the US Securities and Exchange Commission's Inspector General, released by the SEC, described five investigations the SEC launched into Madoff's...
- News items 2009-09-02
- Watchdog details SEC's failure to expose Madoff
- The US Securities and Exchange Commission missed numerous opportunities to expose Bernard Madoff's giant "Ponzi" scheme because the staff was inexperienced and did not follow up on detailed complaints, a scathing report by the agency's internal watchdog has concluded. In spite of eight specific complaints received over the years that...
- News items 2009-09-02
- Charles Gasparino: SEC Bungles Its New Powers
- Although the Securities Exchange Commission slept through the near-annihilation of the financial system, it actually gained massive new regulatory authority in 2004. Trouble is, the agency didn?t know what to do with it. Worse, the SEC simultaneously made risk-taking cheaper for Wall Street and let the investment banks self-monitor their...
- Articles 2009-11-12
- SEC Charges Former CFO and Six Relatives and Friends in California-Based Insider Trading Ring
- Washington, D.C., Oct. 30, 2009 — The Securities and Exchange Commission today charged the former chief financial officer of a San Francisco private investment firm and six of his relatives and friends with insider trading, alleging that their scheme collectively reaped more than $8 million in illicit profits from unlawful...
- News items 2009-10-31
- Pequot referred to SEC 45 times in four years
- Stock exchange monitors referred Pequot Capital Management to the Securities and Exchange Commission for possible securities violations, including insider trading, at least 45 times between 2005 and this year, the commission has revealed in a letter to the US Congress. The SEC is probing allegations that Arthur Samberg, the hedge...
- News items 2009-08-12
- Estimated taxes for Sec. 338(h)(10) transactions.
- Sec. 338h(13) generally provides that, for Sec. 6655 purposes--relating to payment of estimated taxes--the tax attributable to the sale described in Sec. 338a(1) (i.e., the asset sale deemed to occur as a result of a Sec. 338 election (including Sec. 338h(13) generally provides that, for...
- Research articles 2005-01-01
- Allocation and apportionment of expenses for Sec. 199 purposes: for many taxpayers, calculation of the Sec. 199 deduction will require an enormous amount of work. This article focuses on one aspect of the deduction, the allocation and apportionment of exp
- EXECUTIVE SUMMARY * Sec. 861 REGULATIONS are integral to the Sec. 199 deduction when the Sec. 861 method of allocating deductions is used. * Regs. Sec. 1.861-8 provides specific allocation rules for some expenses, such as interest and R&E, and a two-step...
- Research articles 2006-06-01
- 13 Possible Replacements for SEC Head Cox
- Who will replace Christopher Cox as chairman of the U.S. Securities and Exchange Commission? The former Republican Congressman has been in office since 2005 and plans to leave when the Obama Administration takes power. Early in his tour, this devotee of Ayn Rand drew good reviews for...
- Blog posts 2008-12-11
- Madoff Whistleblower Urges SEC Revamp
- When Harry Markopolos testified before Congress last week about his investigation of Bernie Madoff's alleged Ponzi scheme, it came as a welcome relief after the prevarications of regulators struggling to explain away how they had missed an apparent a $50 billion fraud. His straightforward account minced no words. ...
- Blog posts 2009-02-11
