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SEC charges four in California with insider trading

2014-06-14 00:28:38| IT Services - Topix.net

The U.S. Securities and Exchange Commission on Friday charged four San Francisco-area men with insider trading in Ross Stores Inc stock options, and one of the four with insider trading in stock options of a company that was later bought by Oracle Corp. The alleged scheme resulted in more than $12.6 million of illegal profit and was centered on ... (more)

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SEC Settles Financial Fraud Charges With Issuer, CFO

2014-05-29 04:06:52| Jewelry - Topix.net

The Commission filed settled financial fraud charges against an issuer which discovered and remediated a series of accounting issues and the CFO who caused the books and records to be falsified, eventually resulting in a restatement.

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Texas Jewelry Chain Sanctioned by SEC

2014-05-28 15:43:00| Jewelry - Topix.net

Dallas Gold & Silver Exchange and its former CFO settled SEC claims that they overstated inventory by as much as 227.4 percent in public filings.

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Google plans international acquisitions worth up to $30B, it tells SEC

2014-05-21 14:06:42| InfoWorld: Top News

Google plans to spend $20 billion to $30 billion of its of its accumulated international profits to fund potential acquisitions of non-U.S. companies and technology rights. The company disclosed its plans to the U.S. Securities and Exchange Commission (SEC) last year, in a document that was published Tuesday. The SEC had asked Google to describe its plans for reinvesting its undistributed earnings in greater detail.

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Bitcoin lacks 'credibility and trust,' SEC says

2014-05-08 14:02:39| InfoWorld: Top News

The U.S. Securities and Exchange Commission is leery of bitcoin. The agency issued a lengthy warning to investors on Wednesday about risks it sees in bitcoin and virtual currencies, much of which has been already iterated by bitcoin advocates or other regulators.But the SEC, which is the top regulator for U.S. securities markets, also took a dig at bitcoin's short existence as another negative.

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