SEC to charge David Li in Dow Jones insider trading case: report
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US stocks regulators intend to file civil charges in a Dow Jones  Co. insider-trading case against Hong Kong banker and Dow Jones board member David Li, The Wall Street Journal reported Wednesday.
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U.S. securities regulators on  Thursday charged brokerage Raymond James Financial Inc. RJF.N  with fraud over misconduct by a former broker charged with  misappropriating about $8.7 million in investor funds.
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(InfoWorld) - Graphics chip maker Nvidia found some irregularities in past stock-based compensation practices during an internal probe, and took a total of $127 million in non-cash charges over associated expenses, the company said Wednesday. The figure fell within theÂ $150 million chargeÂ Nvidia said it might have to take. The company also amended financial results for its fiscal year 2006 and the first two quarters of 2007 as a result of the internal probe. The non-cash charge and amendments to previous financial statements ends its internal probe, but an inquiry by the Securities and Exchange Commission (SEC) remains ongoing, Nvidia said. The restated earnings reports did not have a material impact on Nvidia's operating results, it said. The company plans to cooperate fully with the SEC. A number of technology companies have launched reviews over stock-based compensation to employees, finding instances in which stock options have been dated back to a time when the stock had hit a low. The practice is unfair to shareholders and was made almost impossible to legally execute by Sarbanes-Oxley, and for good reason. Stock options were designed as a way for employees to share in the success of the company and give them an added incentive. But by back-dating the options, employees -- often executives -- were essentially given shares that were already valuable. So far, stock options probes, carried out either by companies themselves or by the SEC, have affected over 160 companies.Â Investigations at memory chip developer RambusÂ andÂ security software vendor McAfeeÂ  have led to the resignation or firing of top executives.Â Apple ComputerÂ could be kicked off the Nasdaq by Dec. 29 if it fails to submit its SEC Form 10-Q for the quarter ended 1 July 2006, and any required restatements linked to its stock options probe by that time. Other companies have faced shareholder lawsuits over the issue.
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Federal prosecutors are expected to indict trend-setting, class-action lawyer Melvyn Weiss on Thursday as part of a long-running legal action charging his law firm paid plaintiffs, Milberg Weis s said.
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The US Securities and Exchange Commission said on Tuesday it brought fraud and insider trading charges against former top executives of bankrupt credit card issuer NextCard Inc.
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Former Dow Jones board member David  Li has agreed to pay a $8.1 million civil penalty to settle  charges of insider trading ahead of news of an unsolicited  buyout offer from News Corp that sent Dow Jones shares soaring,  the Securities and Exchange Commission said on Tuesday.
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Research firm Morningstar Inc. could face civil charges by the Securities and Exchange Commission for failing to promptly correct inaccurate information it published about a mutual fund, according to a newspaper report Friday.
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The Bancroft family, controlling shareholders of Dow Jones & Co. Inc. , are set to submit to News Corp. a new set of proposals on how to protect the Wall Street Journal's editorial independence, the Wall Street Journal reported on Monday.
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WASHINGTONâThe US Securities and Exchange Commission yesterday charged brokerage firm Raymond James Financial Inc. with fraud over the misconduct of a former broker in 1999 and 2000.
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The U.S. Securities and Exchange  Commission is investigating Dow Jones & Co. Inc. board member  David Li over an insider trading case linked to News Corp.&#39;s  bid for the Wall Street Journal publisher, Dow Jones reported  on Wednesday.
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The U.S. Securities and Exchange  Commission on Thursday charged brokerage firm Raymond James  Financial Inc. RJF.N with fraud over the misconduct of a  former broker in 1999 and 2000.
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CHINA Aviation Oil Singapore Corp (CAO), which revealed a US$550 million ($900 million) trading loss earlier in the week, is being probed by the Commercial Affairs Department (CAD), which investigates white-collar crime.
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The U.S. Securities and Exchange Commission has filed civil fraud charges against the former general counsel of Monster Worldwide Inc.  in a stock options backdating case, an agency official said on Thursday.
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Federal prosecutors have asked the Securities and Exchange Commission for information gathered from an investigation of Merrill Lynch &amp; Co's  activities in mortgage securities, The Wall Street Journal reported on Friday.
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The Securities and Exchange Commission said Tuesday it brought fraud and insider trading charges against former top executives of bankrupt credit card issuer NextCard Inc.
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Federal prosecutors are investigating whether a Bear Stearns Co Inc  fund manager improperly withdrew his own money from a fund while making rosy forecasts about the prospect of the portfolio, the Wall Street Journal reported on Tuesday.
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U.S. stock markets would have to  disclose executive pay and provide details of their regulatory  programs, under new rules proposed by the Securities and  Exchange Commission on Tuesday.