Tags » U-S-securities-and-exchange-commission

Multi-Corp director sanctioned for ignoring ASC order

A Calgarian whose oil and gas company issued shares to pay for asset purchases after it had been told to cease trading has been ordered to pay a penalty of $20,000 plus $5,000 in costs by the Alberta Securities Commission. 170 more words

Energy

ASC, SEC accuse Poseidon Concepts of fraud

CALGARY – A once promising oilfield-services company grossly overstated its revenues and one of its executives perpetrated an accounting fraud, alleged the Alberta Securities Commission (ASC) and the U.S. 166 more words

FP Street

ASC files new charges against failed Poseidon Concepts

Failed Calgary oilfield services firm Poseidon Concepts Corp. and four of its former officers are facing new allegations by the Alberta Securities Commission that they breached securities laws by filing financial statements that overstated revenue and accounts receivable. 430 more words

Energy

OSC proposes paying up to $1.5 million to whistleblowers to root out serious misconduct

An incentive-backed whistleblower program that would pay financial rewards of up to $1.5 million for information about serious financial crimes is being proposed by Canada’s largest capital markets regulator. 672 more words

FP Street

SEC Alerts Investors, Industry on Cybersecurity

SEC Alerts Investors, Industry on Cybersecurity
Source: U.S. Securities and Exchange Commission

The Securities and Exchange Commission today released publications that address cybersecurity at brokerage and advisory firms and provide suggestions to investors on ways to protect their online investment accounts.

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Technology And Internet

SEC Announces Charges Against Standard & Poor’s for Fraudulent Ratings Misconduct

SEC Announces Charges Against Standard & Poor’s for Fraudulent Ratings Misconduct
Source: U.S. Securities and Exchange Commission

The Securities and Exchange Commission today announced a series of federal securities law violations by Standard & Poor’s Ratings Services involving fraudulent misconduct in its ratings of certain commercial mortgage-backed securities (CMBS).

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Business And Economics

SEC Announces 2015 Examination Priorities; Priorities Focus on Protecting Retail Investors, Assessing Market-Wide Risks and Using Data Analytics

SEC Announces 2015 Examination Priorities; Priorities Focus on Protecting Retail Investors, Assessing Market-Wide Risks and Using Data Analytics
Source: U.S. Securities and Exchange Commission

the Securities and Exchange Commission today announced its Office of Compliance Inspections and Examinations’ (OCIE) priorities for 2015 which focus on three areas: protecting retail investors, especially those saving for or in retirement; assessing market-wide risks; and using data analytics to identify signs of potential illegal activity.

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Government And Politics