Bridgeway CEO to settle SEC fund charges - WSJ
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A mutual fund manager long regarded by many as an advocate for the interests of fund shareholders is expected to pay $5 million to settle charges he overcharged his own investors by nearly that amount, the Wall Street Journal
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The former chief financial officer of Qwest Communications International Inc.  was ordered to pay a total of $577,052 to settle charges that she helped defraud investors of billions of dollars, the U.S. Securities and Exchange Commission said on Friday.
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Qwest Communications International Inc., the fourth-largest US local-telephone provider, agreed to pay $250 million to settle US Securities and Exchange Commission allegations that it
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Company says its chief executive reached a settlement with the SEC over allegations of securities violations in the trading of SINA stock.
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The Time Warner Inc. chairman and CEO and his legal eagles are said to be close to a deal with the Securities and Exchange Commission and the Justice Department that would settle the dual
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(InfoWorld) - Brocade Communications Systems has agreed to pay a $7 million penalty to settle charges of stock-option backdating fraud. The payment will settle a civil action brought by the U.S. Securities and Exchange Commission and comes with a permanent injunction against the storage networking company not to break various accounting laws. The SEC's action, announced Thursday, signals that the agency will take strong action against companies accused of backdating fraud. Scores of high-tech companies have either come under federal investigation or started their own probes related to the practice. Former Brocade executives granted tens of millions of stock options to employees and falsified the dates of those grants so that they could hide the cost of the options from shareholders, the SEC charged. Brocade did not admit to or deny the charges. The settlement concludes the SEC action, and Brocade said it does not expect the Department of Justice to take any action against it. "Falsifying compensation expenses is no less misleading to investors than falsifying revenue," said Linda Chatman Thomsen, director of the SEC's enforcement division, in a statement. Brocade's former chairman, president and CEO, Gregory Reyes, as well as former human resources chief Stephanie Jensen and former Chief Financial Officer Antonio Canova, were charged last July with fraud and other securities law violations. "The SEC will use all the weapons in our arsenal, including significant corporate penalties, to protect investors and combat fraudulent stock option backdating," SEC chairman Christopher Cox said in a statement. Backdating is legal and was a common practice in the fevered high-tech job market of the late 1990s as vendors competed for talent with attractive financial packages. But some of the biggest names in IT, including Apple, Broadcom, and McAfee, have been hit by concerns over how they carried it out.ADVERTISEMENTIBM Information On Demand 2006Industrial Industry Leaders, please join us at IBM's premier information management global event, IBM Information On Demand 2006, October 15-20, Anaheim, CA. More IBM business and technical solutions content in one place than ever before! Select from  over 800 sessions. Register today!
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NEW YORK, Aug. 19 -- National Securities Corp., a Seattle brokerage firm, has agreed to a one-month ban on opening mutual fund accounts and must pay $600,000 in fines and restitution to settle allegations that its employees helped ...
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The Securities and Exchange Commission reportedly plans to file civil charges against a Dow Jones &amp; Co. board member, David Li, over an insider trading probe linked to News Corp.'s bid for the media company.
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The U.S. Securities and Exchange  Commission said on Friday that financial services firm Edward  Jones has agreed to pay $75 million to settle charges related  to its 529 college savings plans and preferred mutual fund  family program.
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Dow Jones & Co Inc  has agreed to settle an investor lawsuit that accused the company's directors of failing to properly evaluate News Corp's  takeover bid, it said in a U.S. regulatory filing this week.
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The Pimco mutual fund group, which on Monday settled federal charges of allowing rapid trading in stock funds, on Wednesday is expected to pay at least $15 million to settle a joint federal and state probe into revenue
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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.
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NEWARK, NJ -- Three companies have agreed to pay $50 million to settle charges they defrauded investors in Pimco Funds by not disclosing a market timing arrangement.
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Mutual-fund adviser Bridgeway Capital Management Inc. and its president, James Montgomery, have agreed to pay almost &#36;5.2 million to settle Securities and Exchange Commission charges of illegally overcharging mutual-fund customers, the regulator said Wednesday.
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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.
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The California Public Employees' Retirement System, the largest US pension fund, agreed to disclose the fees it pays to venture capital and hedge fund managers as part of a legal settlement.
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The Securities and Exchange Commission said Thursday it filed settled fraud charges against San Francisco-based Van Wagoner Capital Management Inc.