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SEC Administrative Case Reinforces Current Emphasis on Internal Controls

2016-03-27 06:25:24| Oil & Gas - Topix.net

Consistent with its current focus on internal control over financial reporting , the Securities and Exchange Commission recently sanctioned a company and individuals for failing to adequately evaluate and audit the company's ICFR. In settled orders , the Commission alleged that Magnum Hunter Resources Corporation violated the SEC's periodic reporting rules when it reported management's conclusions that MHR's ICFR was effective as of December 31, 2011.

Tags: case current internal sec

 

SEC Administrative Case Reinforces Current Emphasis on Internal Controls

2016-03-26 22:16:48| Energy - Topix.net

Consistent with its current focus on internal control over financial reporting , the Securities and Exchange Commission recently sanctioned a company and individuals for failing to adequately evaluate and audit the company's ICFR. In settled orders , the Commission alleged that Magnum Hunter Resources Corporation violated the SEC's periodic reporting rules when it reported management's conclusions that MHR's ICFR was effective as of December 31, 2011.

Tags: case current internal sec

 
 

Exxon Mobil must allow climate change vote: U.S. SEC

2016-03-24 09:59:00| Climate Ark Climate Change & Global Warming Newsfeed

Reuters: The U.S. Securities and Exchange Commission has ruled Exxon Mobil Corp must include a climate change resolution in its annual shareholder proxy, a defeat for the world's largest oil producer, which had argued it already provides adequate carbon disclosures. In a Tuesday letter to Exxon seen by Reuters, the SEC said the oil producer cannot keep a proposal spearheaded by New York state's comptroller from a full shareholder vote at the company's annual meeting in May. If approved, the proposal...

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The SEC, the oil price, reserves subpoenas and layoffs

2016-03-10 12:06:42| Oil IT Journal - www.oilit.com

Porter Hedges presentation looks at the downside of the downturn.

Tags: price sec oil reserves

 

SEC wins case against brokers fired by Westport firm

2016-03-03 15:34:19| Oil & Gas - Topix.net

Euro Pacific Capital, run by Peter Schiff , fired two brokers following an investigation into trades they made based on an insider tip of a 2009 acquisition by IBM. On March 2, 2016, the Securities and Exchange Commission announced a jury verdict in the SEC's favor against the brokers.

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