Search Results for: financial regulations

Leading Wednesday's corporations and securities law news, KPMG LLP , the US unit of accounting firm KPMG International , has agreed to pay $22.5 million to settle with the SEC over charges that it allowed...

Leading Thursday corporations and securities law news, ex-Enron Chairman Ken Lay filed a motion with US District Court Judge Sim Lake asking for his trial on personal bank charges be...

Leading Tuesday's corporations and securities law news, the Wall Street Journal is reporting that 20 former NYSE traders who oversaw stock auctions were indicted on charges they traded stocks which benefited their firms at the expense of...

Leading Thursday's corporations and securities law news, Pfizer Inc. announced the suspension of its sales of arthritis drug Bextra . The move came after US and European drug regultors told the world's largest drug maker that...

In Tuesday's international brief, UN Secretary-General Kofi Annan has questioned the fairness of the recent national elections in Zimbabwe . In a statement issued Monday, Annan said that he was concerned that the electoral process failed to...

Leading Monday's corporations and securities law news, Fannie Mae regulator the Office of Federal Housing Enterprise Oversight (OFHEO) , has announced it is investigating Fannie's use of trusts which it set up to sell securities. Specifically,...

Leading Thursday's corporations and securities law news, Canada has retaliated against several US goods by levying a 15% surtax on cigarettes, oysters, and live swine. The action is a response to the Byrd Amendment which allows American companies...

Leading Wednesday's corporations and securities law news, American International Group Inc. (AIG) announced it will delay its SEC filing of its quarterly results and also that it had found documentation of illegal transactions with General Re Corp,...

Peter Henning, Wayne State University Law School:"With all the turmoil swirling around American International Group Inc., I wonder whether the company will become the new poster-child for corporate misconduct. An insurance company is built on trust, that the money given...

Leading Tuesday's corporations and securities law news, the Wall Street Journal is reporting that regulators have called Warren Buffett to answer questions next month about his involvement in the insurance transaction between General Re Corp....