Marcy Gordon

July 29, 2008 | Daily Report Online

WASHINGTON AP - Federal regulators are expected to extend through mid-August a temporary order banning a certain kind of short-selling of the stocks of mortgage finance companies Fannie Mae, Freddie Mac and 17 large investment banks.Advocates for smaller banks and investment firms also have been urging the Securities and Exchange Commission to expand the order - scheduled to expire Tuesday - to cover additional financial companies.

By MARCY GORDON

3 minute read

March 19, 2008 | Daily Report Online

WASHINGTON AP - Securities regulators haven't ruled out legal action over potentially misleading comments about Bear Stearns' financial health made days before JPMorgan arranged to buy the investment bank.The Securities and Exchange Commission said Tuesday that its lawyers will "favorably" factor in the circumstances of the Bear Stearns Cos.

By MARCY GORDON

3 minute read

May 14, 2009 | Daily Report Online

By MARCY GORDON

3 minute read

June 17, 2009 | Daily Report Online

WASHINGTON AP - Disgraced money manager Bernard Madoff has been prohibited from working in the securities industry under a settlement with the Securities and Exchange Commission.Madoff is barred from associating with any brokerage or investment firm, according to documents released Tuesday by the SEC that stem from a settlement he reached with the agency in February.

By MARCY GORDON

2 minute read

February 12, 2008 | Daily Report Online

By MARCY GORDON

3 minute read

August 14, 2008 | Daily Report Online

WASHINGTON AP - The former top attorney at Apple Inc. on Thursday agreed to pay $2.2 million to settle federal regulators' charges that she altered company records to conceal improper backdating of stock options for senior executives including Steve Jobs.The Securities and Exchange Commission announced the settlement with former Apple general counsel Nancy Heinen, whose civil trial in the case had been scheduled for next year.

By MARCY GORDON

3 minute read

June 04, 2007 | Daily Report Online

WASHINGTON AP - The Securities and Exchange Commission has decided to support shareholders suing Wall Street banks for damages over Enron's collapse in a significant case before the Supreme Court, according to a newspaper report Saturday.The Enron shareholders' $40 billion lawsuit contends that Merrill Lynch Co.

By Marcy Gordon

3 minute read

February 18, 2010 | Daily Report Online

By MARCY GORDON

2 minute read

January 05, 2010 | Daily Report Online

WASHINGTON AP - A partner in big accounting firm PricewaterhouseCoopers has been named to head a key division of the Securities and Exchange Commission blamed for contributing to the breakdown that allowed Bernard Madoff's multibillion-dollar fraud to go undetected for 16 years.SEC Chairman Mary Schapiro appointed Carlo V.

By MARCY GORDON

3 minute read

December 21, 2009 | Daily Report Online

WASHINGTON AP - Regulators on Friday shut down a small Georgia bank, bringing to 134 the number of U.S. banks that have failed this year amid the soured economy and mounting loan defaults.The Federal Deposit Insurance Corp. took over RockBridge Commercial Bank, based in Atlanta, with $294 million in assets and $291.

By MARCY GORDON

2 minute read