The SEC also alleges that the executives filed false financial reports to the SEC for the one-year period ending in April 1999.
This is the first SEC financial penalty against an exchange.
Even when major sports like football and basketball do well, however, not all schools turn a profit in their athletic department, as you saw with the SEC financial data I wrote about a couple of weeks ago.
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Bulletin Board companies file audited financial statements with the SEC and comply with federal securities laws.
Since the financial crisis, the SEC has ramped up its enforcement efforts into insider trading.
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Beyond pursuing cases related to the financial meltdown, the SEC is deeply involved in writing new rules.
There were approximately 4, 400 broker-dealers that filed audited annual financial statements with the SEC for fiscal periods ended during 2011.
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After serving 25 years in jail, Minkow rejoined the world as a fraud detective helping the FBI and SEC identify financial fraud.
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With all four Wall Street banks having submitted their financial statements to the SEC, details on their compensation regimes have surfaced, showing that banks paid less than in past years, but still handed out healthy bonuses.
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Unless the SEC and Financial Industry Regulatory Authority craft strong rules, Mr. Abshure said, a combination of fraud, high failure rates for startups and an "inevitable advertising onslaught of pie-in-the-sky offers" will kill investor confidence in buying shares online.
Section 17(e) of the Securities Exchange Act of 1934 (as amended by the Sarbanes-Oxley Act of 2002) requires every registered broker or dealer to annually file certain financial statements with the SEC that are certified by an audit firm that is also registered with the PCAOB.
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Schapiro, who took over as chairman of the SEC after the agency was tarnished by missing the Bernie Madoff Ponzi scheme and sitting idly by while the financial crisis developed, leaves the SEC stronger than the way she found it.
The Dodd-Frank financial reform act required the SEC to study ways to beef up investment advisor oversight.
Officers or employees of financial institutions examined by the SEC or the CFTC.
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First, there were the successive meltdowns of publicly traded financial corporations for which the SEC must bear some measure of responsibility.
The SEC and the Financial Industry Regulatory Authority must also create a regulatory structure allowing companies to "crowdfund, " or raise capital from hundreds of investors.
With the current bull market having investors happy and unconcerned again, the SEC and twelve financial firms have been quietly trying to get key sections of the regulation repealed.
Entrepreneurs must file financial information annually with the SEC.
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In the name of "fairness, " preventing future Enrons, and increased oversight, Congress, the SEC and the Financial Accounting Standards Board (FASB) have piled burdens onto the economy that put entrepreneurship at risk.
As the WSJ points out, a win for the SEC in this fraud case could have significant repercussions for hundreds of other companies that hire lawyers to bury critical financial and risk information in SEC filings.
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Moreover, even though it was mandated by the Dodd-Frank financial reform act, the SEC has yet to establish an investor advocate office, despite the fact, as Aguilar notes, some 84% of Americans surveyed want government to get involved in better investor protection.
The SEC puts requirements on financial institutions to retain documents, including emails, as part of their compliance practices.
This failure is often the first visible sign of financial distress in a market where SEC disclosure rules are not enforced.
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Earlier this year, Treasury Secretary Henry Paulson put forward a plan that would have combined the nation's various financial regulatory offices, including the SEC.
The SEC is probing several financial institutions' dealings with sovereign-wealth funds.
Unfortunately, investors can also expect a tidal wave of accounting minutiae from the regulators, as the Securities and Exchange Commission (SEC) and the Financial Accounting Standards Board (FASB) get on the stick.
But little has been said about the watchdogs at the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority, the regulators who oversee the activities of the banks.
Rule changes at Financial Accounting Standards Board and the SEC in 2007 tilted the investment field crazily to the advantage of short sellers from November 2007 until April this year.
"Illinois failed to disclose that its statutory plan significantly underfunded the state's pension obligations and increased the risk to its overall financial condition, " the SEC said in a statement.
" So he proposes an SEC-administered "financial literacy test" that would allow those who pass it to participate in SecondMarket and "any type of investment that is not an SEC-registered investment product.
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