Facebook's latest disclosures to the Securities and Exchange Commission contain both good and bad news for potential investors in the IPO, which is expected to be the largest Internet listing in history.
In the latest scandal, the Securities and Exchange Commission is relying on wiretaps and stoolies to uncover traders who bribed or otherwise induced company insiders to give them information that could move the stock.
FORBES: The Solution To Insider Trading Problem? Legalize It
John Mattera is the latest scam artist charged with securities fraud, wire fraud and money laundering.
FORBES: Another Investment Scam: John Mattera's Impressive CV
The U.S. Securities and Exchange Commission's latest insider trading case includes the usual colorful elements--a corporate employee, suspiciously timed trading in the company stock, an offshore entity and assorted relatives allegedly benefiting from the fun.
In the latest case, Steinberg is charged with conspiracy to commit securities fraud and four counts of securities fraud, accused of using inside information as he made trades involving Dell Inc. and Nvidia Corp. securities.
Ford will lead market-share gainers in the U.S. auto industry between now and 2015, picking up 0.8 percent of the market, while General Motors recovers a 0.5-percent share gain and Toyota picks up 0.3 percent of the market in the same time frame, according to the latest version of an exhaustive annual prognosis by a veteran securities analyst.
FORBES: Only Ford, GM, Toyota To Gain Share Through 2015, Study Says
Figure 1 highlights the number of individual securities held in each fund, based on the latest Morningstar data.
Indeed, spotting mispriced securities seems to be the financial world's latest parlour game: Royal Bank of Canada was this week forced on to the back foot after one of its traders told a newspaper that it had mismarked government-agency and corporate bonds.
In its latest salvo, the government charged Mathew Martoma with three counts of securities fraud last week.
FORBES: The Obscure Insider Trading Case That Started It All
Bank of America had 282, 000 full-time employees at the end of 2011, according to the latest official tally, published in its annual 10-K filing with the Securities and Exchange Commission last month.
In its latest 10Q, the company did disclose that it's received a subpoena from the Securities And Exchange Commission relating to its stock and transactions.
Bill Brown from Duke University, law professor and expert in financial services, told the BBC's World Service that this latest settlement with Fannie Mae was drawing a line under the whole subprime mortgage-backed securities saga.
Latest entry: Lewis Ranieri, who more or less created the business of carving up Ginnie Mae mortgage securities into tranches when he worked at Salomon Brothers.
The settlement with Morgan Stanley is the latest in a string of actions by William Galvin, Secretary of the Commonwealth of Massachusetts, who has aggressively pursued securities violations.
FORBES: Morgan Stanley Hit With $5 Million Fine Over Facebook IPO
The latest ugly news for Bank of America is actually coming from Europe, where big institutional money managers and other mortgage securities buyers are now beginning to organize for an assault.
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