September 4, 2010

Moodya s Escapes SEC Lawsuit, Now Moves to Shield Itself From Liability

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Current and former executives of credit rating agencies are sworn in during a hearing before the House Oversight and Government Reform Committee on Capitol Hill on Oct.

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SEC Said to Probe Role of Canceled Orders in Crash

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The U.S. Securities and Exchange Commission is examining whether high-speed traders helped destabilize equity markets during the May 6 crash by repeatedly placing and canceling orders in an attempt to manipulate share prices, a person with direct knowledge of the inquiry said.

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GM Ipo tour timetable emerges

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General Motors Co. won\’t send its executives on a worldwide tour, aimed at convincing potential investors to buy its stock, until after the Nov.

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SEC charges Pinnacle Capital with anti-money laundering rule violation

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The company faces $25,000 in financial penalties. The US Securities and Exchange Commission has charged Pinnacle Capital Markets with failing to comply with an anti-money laundering rule.

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KDB issues $900 million of SEC-registered notes

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Despite the summer lull, Korea Development Bank prints well inside its existing curve, prompting a tightening of Korean policy bank sector bonds by 5bp to 10bp.

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SEC reaches settlement with ex-Qwest CEO Nacchio

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The Securities and Exchange Commission has reached a settlement with former Qwest Communications International Inc.

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Biofuel refinery\’s future uncertain

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If you haven\’t been by the idle biodiesel plant behind the National Guard Armory lately, you haven\’t missed much.

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TierOne loses $19 million federal grant over CEO\’s fraud allegations

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A Dallas-based telecommunications company has had a $19 million federal grant rescinded after government officials learned the company\’s chief executive had been accused of securities fraud.

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Investors Real Estate Trust Declares Regular Quarterly Common Share…

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Investors Real Estate Trust announced today that its Board of Trustees has declared a regular quarterly distribution of 17.15 cents per share/unit payable on October 1, 2010 to common shareholders and unitholders of record at the close of business on September 15, 2010.

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Branchburg Ponzi scheme targeted elderly, retirees and soldier

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The victims of an alleged $11 million Ponzi scheme operated by a Readington woman and her township investment firms included elderly people, a retired firefighter and a soldier serving in Iraq, court papers show.

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