U.S. regulators have flagged the rooting out of beneficial ownership information as a key tool in curbing money laundering and terrorist financing.
Robert John Hipple, an attorney and the former CEO and CFO of now-defunct business development company iWorld Projects & Systems, has agreed to settle Securities and Exchange Commission allegations that he overstated the value of iWorld's primary asset--its investment in a number of portfolio companies--in three consecutive quarterly filings in 2005.
U.S. investors filed a record number of shareholder resolutions regarding climate change with North American companies this year, according to Ceres, a coalition of investors and environmental groups.
The Securities and Exchange Commission has given the Public Company Accounting Oversight Board extra time to carry out inspections of non-U.S. audit firms, but has urged the Board to make haste in resolving the delays it has encountered.
The Securities and Exchange Commission needs to revise plans to give companies more flexibility to carry out issuer stock repurchases if it wants to maximize the effectiveness of the change, according to attorneys with Cleary Gottlieb Steen & Hamilton.
Queens, N.Y., resident Chaya Unger has reached an agreement to settle fraud civil charges relating to four mutual-to-stock bank conversion offerings.
The Ontario Securities Commission is planning to set up an investor advisory panel to give input on the regulator's work, including proposed rules and policies, the OSC's annual statement of priorities, concept papers and other specific issues.
The U.S. Department of the Treasury's Financial Crimes Enforcement Network plans to amend Bank Secrecy Act regulations to improve compliance with the requirements regarding the Report of Foreign Bank and Financial Accounts.
Alberta resident Bradley Arthur Wilson has settled allegations that he engaged in insider trading.
The Ontario Securities Commission is planning to set up an investor advisory panel to give input on the regulator’s work, including proposed rules and policies, the OSC’s annual statement of priorities, concept papers and other specific issues.
Lawmakers should be wary of pressure to subject accounting standards to interference from systemic risk regulators, according to the American Institute of Certified Public Accountants.
The Securities and Exchange Commission should tell Congress to end the inherent conflicts of interest that occur when issuers pay for the ratings that credit rating agencies give to their securities, the North American Securities Administrators Association told the SEC in a Feb. 16 letter.