Topic: U.S. Securities and Exchange Commission
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Briefing Obama vs. Romney 101: 3 ways they differ on regulation
Wall Street is a big target – blamed for the financial crisis that led to the Great Recession. Mitt Romney says efforts to rein in financiers via more regulation are an attack on “economic freedom.” President Obama says new regulations would make it “more profitable to play by the rules than to game the system.” Here are three specifics on which the two differ.
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Facebook IPO: Six key dates in its debacle
Facebook's first week as a publicly traded company will go down as a terribly botched corporate launch, perhaps one of the worst in recent history for such a highly visible entity. Eight days ago, it was the tech world's most highly anticipated initial public offering in eight years. Now, the social media company faces mounting legal woes and serves as an embarrassing example of how not to run an IPO. Despite rising insider pessimism about its growth prospects, Facebook kept boosting its asking price and the number of shares it would sell. The result: billions of dollars in losses; investigations by two congressional committees, the Securities and Exchange Commission (SEC), an industry watchdog, and the state of Massachusetts; at least 13 class-action lawsuits; and thousands of resentful shareholders who days later still were unsure how many Facebook shares they had or at what price. Here are six key dates in Facebook's unfolding IPO disaster.
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What does the JOBS Act actually do? Six questions answered.
A bipartisan bill known as the JOBS Act, for 'Jumpstart Our Business Startups,' is among the GOP's priorities in Congress. It is targeted at small-business owners, but what would the bill actually do?
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Photos of the Day Photos of the Day 12/06
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ThinkMarkets The rage over Goldman Sachs is misplaced
By claiming that Goldman Sachs derivatives had no social value, critics are missing the important and healthy market signals they send.
04/29/2010 02:50 am -
The New Economy Goldman Sachs: a market maker or trading firm run amok?
When it comes to the ethics of a market maker, Goldman Sachs and a Senate panel don't see eye to eye.
04/28/2010 01:07 am -
Goldman Sachs under fire: Is Wall Street cheering or cowering?
On Wall Street, Goldman Sachs is admired to a certain extent for its ability to generate profits. But the firm is also resented for a certain swagger.
04/27/2010 05:24 pm -
Opinion Goldman Sachs rationalized fraud
Goldman Sachs missed a big moral problem: Just because something isn’t technically illegal doesn’t mean it’s right.
04/27/2010 02:45 pm -
Goldman Sachs hearing pulls back curtain on bankers' ethics
During the Goldman Sachs hearing on Capitol Hill Tuesday, senators asked bankers why they did what they did – and the lawmakers didn't like the responses they got.
04/27/2010 02:09 pm -
Robert Reich Getting Wall Street out of Washington and Washington out of Wall Street
If Washington knew what was good for it and the nation, it would sever its financial connections with Wall Street. Better yet, it would enact legislation seeking to limit the impact of corporate money in politics. But that's not happening any time soon.
04/26/2010 12:10 pm -
SEC watching porn instead of financial industry
Wonder why they missed the financial crisis? Or Bernie Madoff's Ponzi scheme? A government report obtained by ABC News reveals that SEC employees were focused on something else: porn.
04/23/2010 04:25 pm -
Obama to Wall Street: financial reform is in your interest
In a speech before many of the richest Wall Street bankers, Obama argued, 'We will rise or we will fall together as one nation.' But financial reform could have big downsides for bankers.
04/22/2010 07:24 pm -
Goldman Sachs vs. SEC: 'Vampire squid' or 'doing God's work'?
Is Goldman Sachs a breeding ground for speculative booms and busts that have harmed America, as critics assert? Or does the work of Goldman Sachs create a vital foundation for economic growth? The Goldman Sachs-SEC case has reopened that longstanding debate.
04/21/2010 07:19 pm -
Robert Reich A citizen's guide to reforming Wall Street
The current finance reform bill now being considered in Congress leaves out three of the most important things necessary to prevent a repeat of the Wall Street meltdown.
04/21/2010 04:30 pm -
Goldman Sachs SEC case: Is it all about politics?
The Goldman Sachs SEC case, filed Friday, comes as President Obama makes a push for Wall Street reform in Congress.
04/20/2010 08:21 pm -
Obama address set to ramp up financial reform battle
President Obama will speak in New York Thursday, calling for 'swift Senate action' on a financial reform bill that would aim to curb Wall Street excesses. He'll need at least one GOP vote.
04/19/2010 03:42 pm -
Obama: On bank reform, Sen. McConnell is 'cynical and deceptive'
Obama and the GOP are fighting over bank reform. Republicans accuse the administration of pushing a 'bail out.' The White House says opponents are 'trying to kill reform on behalf of big banks.'
04/17/2010 02:04 pm -
SEC charges Goldman Sachs over packaging of subprime mortgage deal
The SEC has charged Goldman Sachs with fraud over its packaging of a subprime mortgage investment.
04/16/2010 06:11 pm -
The Adam Smith Institute Blog Questions on financial regulation
04/06/2010 09:30 pm -
Shareholder groups seek to limit corporate contributions
Shareholder groups aim to keep a lid on companies’ political spending in the wake of Citizens United v. the Federal Election Commission, a case in which the Supreme Court eased restrictions on corporate campaign spending.
04/05/2010 11:54 am -
Robert Reich Fraud on Wall Street: Where has SEC been?
In the wake of recent confirmation that Lehman Brothers' balance sheet was bogus, the Securities and Exchange Commission has announced it will look into the accounting practices of two dozen other financial firms.
04/01/2010 04:55 pm -
The Daily Reckoning Suing the SEC for lack of regulation
The SEC did nothing to stop Lehman Bros. from using questionable accounting tactics. Should they be held responsible?
03/24/2010 01:49 pm -
The Reformed Broker On financial reform, Dodd gives activist shareholders more power
His Senate financial-reform bill includes provisions that give activist shareholders more say in the election of company directors.
03/18/2010 04:15 am -
The New Economy Orange County sues Toyota. Can automaker get a fair trial?
A prosecutor in Orange Country, Calif., filed a law suit against Toyota Friday to force the company to halt sales of "defective" vehicles. Foreign companies have a losing legacy in US courts.
03/12/2010 02:50 pm -
The Daily Reckoning Debt-fueled spending? It's not the same as growth.
It can be tempting to interpret debt-fueled spending as economic growth. But it's really just a zombie economy.
03/03/2010 09:47 am -
The Reformed Broker Five thoughts about the SEC’s short-sale vote
The SEC is expected to vote this week to restrict short sales of stocks that are plunging.
02/23/2010 11:08 am -
New York sues Bank of America over Merrill Lynch merger
Bank of America and then-CEO Ken Lewis misled investors about the risks of acquiring Merrill Lynch, alleges a civil suit filed Thursday by New York's attorney general. The bank and the SEC, meanwhile, offer a $150 million settlement for investors over the Merrill Lynch episode.
02/04/2010 05:31 pm -
Ex-SEC lawyer convicted in stock manipulation scheme
A federal jury Thursday convicted a former Securities and Exchange Commission (SEC) lawyer for participating in 'pump-and-dump' schemes, where demand for a stock is pumped up by false statements before the shares are dumped for a large profit.
01/29/2010 12:48 pm -
Commission: three reasons why the financial crisis happened
The Financial Crisis Inquiry Commission hearings have produced one moment of drama and a few theories from regulators and bankers about why the meltdown happened.
01/14/2010 04:33 pm



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