Word: sec
(lookup in dictionary)
(lookup stats)
Dates: during 2000-2009
Sort By: most recent first
(reverse)
...America's gilded ages have reliably ended in scandal, followed by soul-searching and reform. But investors are divided over what needs to be done. The gentle, self-policing era that sec chairman Harvey Pitt proclaimed last October is dead and gone, but even some battered investors don't trust grandstanding lawmakers to distinguish between reforms that are needed and those that will cramp the recovery even more. That was the argument Dick Cheney and others made to the President-that in the long run, Bush will suffer more if he gets a quick political boost from reforms that strangle...
...much less forgiving environment. Bush dumped $848,000 worth of Harken stock two months before the company announced a $23.2 million loss; he was 34 weeks late in filing a form the Securities and Exchange Commission required to record the sale. Old news, the President said, noting that the SEC investigated the sale and took no action...
...money they have lost in stocks over the past two years. Seizing the moment, politicians are undertaking what could be the most sweeping structural reforms in the business world since the 1930s. The N.Y.S.E. has proposed stiff new rules for boards of directors, and the SEC has proposed changes in accounting and auditing procedures. The SEC has already imposed new rules to stamp out conflicts of interest among stock analysts...
...decline for several years, it still managed to paper over its books. When the Internet bubble burst early in 2000, it took down many of WorldCom's biggest customers. The slide accelerated after regulators blocked the firm's $129 billion acquisition of Sprint in July 2000. In March the SEC launched a probe into how and why WorldCom had loaned Ebbers $366 million, most of which he ostensibly used to purchase WorldCom shares. The SEC also looked at the company's books just as scandals at other telecoms--Global Crossing and Qwest--were spooking investors. The loans led to Ebbers...
...FEED YOUR MONEY TO PIGS Read the proxy statement at sec.gov (click on "SEC Filings & Forms," then on "Search for Company Filings"; then enter the name of the stock). I would shun any company that pays a manager more than $100 million a year in cash and stock. Make sure that none of the top managers used to work for the firm's "independent" auditor--and that the firm isn't lending millions to its bosses, as WorldCom did. (Check the "Related Parties" section of the financial reports...