Financial Services Firm Settles With S.E.C.
500818
The Bisys Group agreed to pay $25 million in restitution to settle accusations that it had violated financial reporting rules in a way that inflated earnings by $180 million over three years.
657401
A subsidiary of insurance giant Prudential Financial Inc. agreed yesterday to pay $600 million in fines and restitution to avoid being prosecuted on charges that it helped favored customers make improper mutual fund trades.
207228
Billionaire tycoon Ricardo Salinas Pliego and the S.E.C. reached a settlement in the first lawsuit against a foreign company under the Sarbanes-Oxley Act.
607850
Janus Capital Management agreed Wednesday to pay $100 million to settle allegations by the US Securities and Exchange Commission that the mutual fund company permitted &quot;market timing,&quot; a trading practice at the heart of the mutual fund scandal.
540621
Barclays Bank  has agreed to pay about $10.9 million to settle charges of illegal insider trading in bond securities, the U.S. Securities and Exchange Commission said on Wednesday.
667156
THE Financial Services Authority has finally agreed a multi-million pound fund with 22 City firms to compensate victims of the split-capital investment trust misselling scandal.
538565
Ziff Davis - A SCO spokesman says the company has completed its arranged settlement with its former financial backer without fanfare.
469853
Brokerage Edward D. Jones &amp; Co. LP agreed to pay $75 million to settle allegations of improper disclosure of revenue-sharing payments it received from a group of mutual fund families it recommended to customers, US regulators said yesterday.
431595
(InfoWorld) - Electronic Data SystemsÂ (EDS) has agreed to pay $490,902 to settle a U.S. Securities and Exchange Commission investigation into accounting irregularities, the agency said Tuesday. The SEC accused EDS of failing to disclose the cost of a $225 million investment banking stock deal, maintaining inaccurate financial records, and failing to disclose an "extraordinary" transaction that made up more than 25 percent of the company's cash flow in the first half of 2002. EDS, an IT service provider based in Plano, Texas, did not admit or deny wrongdoing as part of the settlement. "We're happy to put this historical matter behind us," said Robert Brand, the company's director of corporate public relations. EDS replaced its chief financial officer and former chairman and CEO Dick Brown in early 2003, after the SEC opened a formal investigation into EDS accounting practices in October 2002. Separately, the SEC said a former official of an EDS subsidiary, accused of bribing officials in India, has also agreed to settle with the agency. The SEC had accused Chandramowli Srinivasan, the former president of EDS subsidiary A.T. Kearney India, of directing a bribery scheme in which the company paid $720,000 to senior employees of Indian state-owned enterprises between early 2001 and September 2003. The purpose of the bribes was to retain A.T. Kearney India's business with the government entities, the SEC said. Srinivasan agreed to pay $70,000 to settle the SEC charges. He also did not admit or deny the SEC charges. Srinivasan's payment was part of the SEC investigation into the accounting practices at EDS, the SEC said.
700226
San Francisco-based RS Investment Management agreed to pay $30 million to settle an allegation that it permitted &quot;excessive&quot; market timing in its mutual funds, New York Attorney General Eliot Spitzer said Wednesday.
618768
Invesco Funds Group Inc. and two other mutual-fund units of Amvescap LLC will pay $375 million to settle Securities and Exchange Commission charges of helping favored investors engage in improper mutual-fund trading.
403347
Zurich Financial Services said Monday it had reached a settlement with liquidators of California-based Superior National Insurance Group, ending a long-standing dispute.
232479
The company says it is discussing a settlement with the Justice Department.
168582
American International Group, the world&#39;s largest insurance firm, yesterday agreed to pay $126m (Â£67m) to settle allegations that the company helped clients to commit accounting fraud.
568936
Invesco Funds Group and its sister company agreed yesterday to pay $450 million to settle allegations of improper trading, a deal that will send nearly all the money to investors harmed by the practice.
627372
The Securities and Exchange Commission reached a settlement with the Walt Disney Co. yesterday over the company&#39;s not disclosing its relationships with various board members as well as with an airline controlled by a director.
635585
Royal Dutch/Shell has agreed to pay $120 million to settle fraud charges with the S.E.C. involving overstated oil reserves, the U.S. securities regulator said today.