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
All Content
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In Gear Tesla: Cash flow positive by November?
Tesla has faced its fair share of fiscal woes lately, but the electric car company's CEO says Tesla is far from short on cash
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Energy Voices The numbers conundrum for Tesla's electric car 'Superchargers'
Tesla plans to build 100 of its 'Supercharger' stations across the US by 2015. The number might be a bit high considering the chargers are only compatible with Model S sedans--of which Tesla has only built 255, according to OilPrice.com.
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Timothy Geithner pressures SEC to change money-market rules
Timothy Geithner is putting pressure on the Securities and Exchange Commission to overhaul its rules for money-market mutual funds. Geithner warned that without an overhaul to the money-market system, US financial stability would remain threatened.
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In Gear Production delays slash Tesla revenues
Electric-car manufacturer Tesla says sales will be roughly $45 million for the third quarter, far below analysts' estimates of $80 million. Tesla will raise more money by selling 4.3 million shares of stock.
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Starbucks debuts single-serve brewer, competes with Keurig
Starbucks will start selling the Verisimo, a single-serve brewer, online this week for $199. Announced earlier this year, the Starbucks Verismo comes amid intensifying competition in the piping hot market for single-serve brewers and the coffee pods they use.
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Energy Voices Does OPEC really have 80 percent of the world's oil? Maybe not.
OPEC's oil reserves haven't been independently verified, but there's evidence they've inflated the numbers. Here's why it matters.
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Cybersecurity: Where do Republicans and Democrats stand on threats?
While US defense officials are warning of the increased threat of cyberattack on strategic US targets, cybersecurity experts were underwhelmed by the parties' platforms on the issue.
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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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SEC ruling will spotlight financial dealings of firms in Africa
SEC ruling will require oil and mining companies to disclose payments to foreign governments. It could put those operating in resource-rich Africa at odds with governments that prefer secrecy and at a disadvantage to less-regulated companies.
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Robert Reich Faux populism, and a renewed appeal to the 'hardworking taxpayer'
Paul Ryan has been making a lot of speeches lately extolling the value of small government and lower taxes. But small government under the influence of big money would still be dominated by the interests of high rollers such as Sheldon Anderson and the Koch brothers.
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Wells Fargo settlement for risky investments: $6.6 million
Wells Fargo settlement doesn't include admitting wrongdoing. Before the Wells Fargo settlement, the Securities and Exchange Commission had charged that its brokerage unit had improperly sold high-risk investments to cities and towns.
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Horizons Google eliminates 4,000 jobs at Motorola
Google said that it would simplify Motorola's product portfolio and focus on smartphones over feature phones.
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Facebook stock gets boost from Netflix CEO
Facebook stock may be down 40 percent since its debut in May. But Netflix CEO Hastings is a believer, buying $1 million of Facebook stock.
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Decoder Wire Is Mitt Romney catching up? (+video)
Mitt Romney's campaign argues in a new memo that the Republican presidential candidate is catching up in his race with Barack Obama. The analysis varies depending on what polls are included in the assessment, but most experts say the race remains very close.
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The elusive truth about Mitt Romney's time at Bain Capital
Mitt Romney's time running Bain Capital has become the focus of charge and counter-charge, raising questions about campaign dishonesty and the candidates' own character as well as calls for apologies.
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Wyoming fundraiser: Romney gets boost from Cheney
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Decoder Wire Did Mitt Romney run Bain after 1999? Will voters care if he did? (+video)
The Obama team may believe that keeping the focus on Mitt Romney's tenure at Bain serves to remind voters of his venture capital past. But evidence is scant that voters are swayed by this line of attack.
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When did Romney leave Bain? (+video)
How involved was presidential candidate Mitt Romney in Bain's operations when it outsourced jobs? Obama's campaign has labeled Romney a 'job killer,' now Romney's campaign is fighting back; saying that Obama is 'dishonest.'
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Peter Madoff, Bernie's brother, pleads guilty to fraud
Peter Madoff blamed his brother Bernard Madoff while pleading guilty to conspiracy and falsifying records. Peter Madoff agreed to serve 10 years in prison for his part in the largest known Ponzi scheme in history.
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Why is Mitt Romney's time at Bain Capital such a target?
Press reports this week detailed jobs sent abroad and executive profits made when firms failed during Mitt Romney's time running Bain Capital. Are such charges fair, and will they stick?
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Robert Reich Dimon in the rough: Keeping regulators off of Wall Street
The main regulator of derivatives (bets on bets), wants to extend Dodd-Frank regulations to the foreign branches and subsidiaries of Wall Street banks. But JPMorgan CEO Jamie Dimon would greatly prefer this not happen.
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Dimon in the hot seat before Congress
The JPMorgan Chase CEO was in front of Congress for a second time; he is under fire for a $2 billion trading loss.
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JPMorgan Chase CEO: Shareholders had risk info
JPMorgan Chase CEO Jamie Dimon insisted his bank did its best to inform investors about its risk strategy preceding its $2 billion-plus trading loss. JPMorgan Chase used risk assessment models that provided the best information at the time, according to Dimon.
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Allen Stanford gets 110 years in prison for $7B Ponzi scheme
Allen Stanford was sentenced Thursday to 110 years in prison for bilking investors out of more than $7 billion over 20 years in one of the largest Ponzi schemes in US history. A Texas tycoon and former billionaire, Allen Stanford used to be one of the richest men in the country.
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The Reformed Broker SEC won't take action against Lehman Brothers
The SEC will likely not seek action against the Lehman for the events that led up to the firm's massive bankruptcy in 2008.



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