The Wall Street Journal reported Monday that Christopher Cox , chairman of the US Securities and Exchange Commission , plans to put into operation a rule that would allow the government to take a stronger role as...
Search Results for: Hedges
Corporations and securities brief ~ DOJ alleges fraud at Bayou hedge fund
Leading Thursday's corporations and securities law news, US Department of Justice lawyers have accused Bayou Management of fabricating wildly inaccurate financial results for the past seven years. Filing civil charges to freeze the hedge fund's assets, US Attorney David...
Corporations and securities brief ~ Arizona AG may have seized $100M of Bayou hedge fund
Leading Tuesday's corporations and securities law news, the Arizona Attorney General's office has announced that $101 million it seized earlier this year may belong to failed hedge fund company Bayou Management. The Connecticut Attorney General's office said...
Corporations and securities brief ~ United bankruptcy plan deadline extended
Leading Friday's corporations and securities law news, US Bankruptcy Judge Eugene Wedoff has granted United Airlines an extension to file its final bankruptcy plan. The plan, which was due in September, will now be due...
SEC to investigate leaks to investors of medical research results
The US Securities and Exchange Commission is examining whether investors paid researchers to reveal information about ongoing drug studies in order to profit from the results before they were available to the public. Earlier this month, The...
Corporations and securities brief ~ SEC nominee Cox grilled by Senate committee
Leading Tuesday's corporations and securities law news, President Bush's nominee to head the SEC, Rep. Christopher Cox , told the Senate Banking Committee Tuesday that he would vigorously enforce securities laws. Cox also pledged to enforce...
Corporations and securities brief ~ CIBC settles with US regulators
Leading Wednesday's corporations and securities law news, the Canadian Imperial Bank of Commerce (CIBC) will pay $125 million to settle with US regulators. The SEC and the state of New York accused CIBC of lending money to...
An Egyptian Interior Ministry report has concluded that there are no links between detained chemist Magdi al-Nashar and the al-Qaeda suspects responsible for the bombings in London. Nashar was arrested in Cairo last week as part of...
Egyptian security officials hedged Saturday on their willingness to comply with a request by British officials for the extradition of Magdy Mahmoud Mustafa el-Nashar, currently detained in Cairo in connection with the July 7 bombings in London ....
Ex-broker Sihpol acquitted of late trading in Spitzer setback
Former Bank of America broker Theodore C. Sihpol was found not guilty Thursday of aiding a New Jersey hedge fund in illegally trading mutual funds after the close of the stock market. Sihpol was acquitted of 29...