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IAC/Interactive Names Chelsea Clinton To The Board

IAC/Interactive, Barry Diller's conglomerate of Internet businesses, disclosed in an SEC filing this afternoon that the company has named Chelsea Clinton, daughter of former president Bill Clinton and current Secretary of State Hillary Clinton, to the company's board of directors.

 

SEC Cuts Off Some Aggressive Accounting At Groupon

SEC Cuts Off Some Aggressive Accounting At Groupon

I wrote here at Forbes in May about the dangerous trend of unaudited numbers being used by companies, media, and investors to evaluate the potential of these IPOs... As long as they get their return before the gig is up, who cares what the real story is?

 

Watchdog: Ex-SEC lawyer Becker should face criminal probe

Former Securities and Exchange Commission General Counsel David Becker had a conflict of interest when he handled Bernard Madoff legal matters for the SEC and should be criminally investigated, the agency's watchdog said on Tuesday.

 

SEC probes trading before U.S. rating cut: report

Securities regulators have sent subpoenas to hedge funds and other trading firms as it probes possible insider trading before the U.S. government's long-term credit rating was cut last month, the Wall Street Journal said, citing people familiar with the matter.

 

File purging not harmful, says SEC official

It is “likely” that the SEC got rid of “some documents” from inquiries it decided not to pursue involving Bernard Madoff and such major financial firms as Goldman Sachs, Bank of America, Lehman Brothers and SAC Capital, a senior SEC official said Wednesday.

 

Report: SEC has destroyed Wall Street probe records for 20 years

A former Securities and Exchange Commission lawyer has told Congress the regulator has routinely destroyed records of initial investigations ...

 

SEC investigating S&P's downgrade of U.S. debt: report

SEC investigating S&P's downgrade of U.S. debt: report

The U.S. Securities and Exchange Commission (SEC) has asked rating agency Standard & Poor's (S&P) to disclose which employees knew of its decision to downgrade U.S. debt before it was announced last week, the Financial Times said, citing people familiar with the matter.

 

S&P balks at SEC proposal to reveal rating errors

S&P balks at SEC proposal to reveal rating errors

Standard & Poor's, whose unprecedented downgrade of U.S. debt triggered a worldwide stocks sell-off, is pushing back against a U.S. government proposal that would require credit raters to disclose "significant errors" in how they calculate their ratings.

 

SEC Drops Administrative Case Against Galleon Figure Gupta

The Securities and Exchange Commission dropped its civil administrative proceeding against former Goldman Sachs director Rajat Gupta, saying it was "in the public interest" to dismiss it.

 

Laptop in trash turns into treasure for reporters

A discarded laptop found in the garbage has turned out to be a treasure trove of new information about the only lawsuit the SEC has brought over Wall Street’s mortgage debacle.

 

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