Displaying all articles tagged:

Sec

  1. the goldman problem
    Goldman Sachs: Basically a Sorority That Makes Money on Things Other Than Car WashesAt the Squid, conformist behavior leads to group eating disorders.
  2. fi-cri fallout
    E-mails Show Goldman Profits Went Up As Economy Tanked“We lost money, then made more than we lost because of shorts.”
  3. fi-cri fallout
    Goldman Sachs Now Gambling With Its Own Future, Say ExpertsLike that’s a bad thing.
  4. sec sexually explicit content
    Report Finds 33 SEC Employees Watched Porn As Economy Fell ApartBoth disturbing and gross!
  5. overheard
    Mario Cuomo Breaks It Down for Fox News“It’s either so or not so.”
  6. charm offensives
    Goldman’s Blankfein Launches One-man Telemarketing Campaign in Defense of FirmJust because you’re too big to fail doesn’t mean you’re too big to get on the phone.
  7. early and often
    Obama Denies Goldman Case Was Timed to Regulation Bill, Distances White House From SEC“We found out about it (the SEC action) on CNBC,” said the president.
  8. revenge of the nerds
    John Paulson: Remember, I Used to Be Kind of a LoserHe’s not proud of it, but in light of recent events, he feels he should point that out.
  9. ballsy crime
    New York Ponzi Schemers Spent Ill-gotten Gains on a ‘Sexually Themed Cruise’How else would they celebrate?
  10. the rich hunt
    Mon Dieu! Attacked by Unfriendly Politicians, Fab Fab Flees BritainThe French salesman at the center of the SEC’s case against Goldman Sachs has left unfriendly England.
  11. the backlash to the sachslash
    Wait: Might the SEC Have Had Some Ulterior Motive in Suing Goldman?We hate to shatter your innocence, but it is possible.
  12. ballsy crime
    Breaking: Some Psychics May Be Frauds“Intuitive psychic” Laura Day is the latest soothsayer to be accused of unsavory behavior.
  13. things that are amazingly not an april fool's joke
    SEC Appoints Kathy Griffin Chief Compliance OfficerNo, really.
  14. ballsy crime
    ‘Psychic’ Investment Adviser Charged With FraudTurns out he cannot actually predict the future.
  15. style wars
    Silver-Tongued Judge Rolls His Eyes at Andrew Cuomo’s Florid Language“Even in an era of purple prose,” the attorney general is over the top, the judge concludes.
  16. hardball
    Straight-Talking Former Federal Prosecutor Is Getting the SEC to Actually Apply ThemselvesRobert Khuzami has turned on a small light in a dark room.
  17. goldmanfellas
    Goldman Sachs Adviser Arthur Levitt Will Withstand Your AbuseBecause the rewards are so worth it.
  18. made-off
    Madoff Programmers Traded Silence About Multi-Billion-Dollar Fraud for Relatively Puny Salary IncreaseThe two programmers arrested today almost extricated themselves back in 2006.
  19. made-off
    Bernie and the BlowhardBernie tells colorful stories about his friends at the SEC.
  20. ballsy crimes
    Hedge-Funders Are Now Supposed to Be Nervous About the SECPerhaps for the first time.
  21. goldmanfellas
    SEC Installs 29-Year-Old As Enforcement Division’s COOThat’s young!
  22. the long arm of the law
    Judge Smacks Down Bank of America’s Settlement With the SEC, Wilde-StyleThe judge quoted Oscar Wilde’s “Lady Windermere’s Fan” in the end of his ruling.
  23. made-off
    Madoff on SEC: ‘You Don’t Have to Be Too Brilliant With These Guys’A tape of Bernie Madoff is released at an awkward moment for the SEC.
  24. made-off
    SEC to Send Staff to ‘Fraud College’ to Prepare Them for Future Madoffs“The fraud college concept is a great one,” SEC Chairman Mary Schapiro said today. Er, really?
  25. made-off
    Madoff Was ‘a Wonderful Storyteller,’ According to SEC EmployeeOh, the yarns he could spin!
  26. the greatest depression
    SEC Turns Newly Opened Eye to Celebrity Board DirectorsCompanies may have to begin proving the celebrities they’ve appointed to their boards are actually smart.
  27. made-off
    The SEC’s Report on How It Missed Madoff Is Totally in the MailNo, really, they swear.
  28. internal memos
    SEC Executive Sends E-mail Ripping Boss to BossIf only she had used “Undo Send”!
  29. white men with power
    Arthur Levitt Joins Goldman Sachs As AdviserThe longtime SEC chairman crosses the Street again.
  30. orange men with money
    SEC Readying Charges Against Angelo Mozilo, FinallyThe former Countrywide CEO may be charged with violating insider-trading laws and failure to disclose material information to shareholders.
  31. keeping them honest
    Waiting for the Vitaminwater Bubble to PopWe’re calling it.
  32. bureaucratic bungles
    SEC Totally on Top of This Stanford Thing“We don’t know where he is, quite frankly.”
  33. made-off
    Harry Markopoulos Is Ready for His Close-upThe reclusive and cranky financier who blew the whistle on Bernie Madoff will finally (let’s hope) appear in front of Congress.
  34. made-off
    The Amazing Harry MarkopolosThe man who blew the whistle on Madoff speaks.
  35. made-off
    Representative Gary Ackerman to SEC: ‘You Suck’The SEC hearing in front of the House Financial Services Committee is heating up!
  36. crapitalism
    Mark Cuban Slapped With SEC Insider-Trading SuitJust another thing to start cussing about.
  37. early and often
    McCain, Grasping for an Edge, Calls for SEC Chairman’s HeadThe problem is that it’s not even clear that the president can fire the chairman of the SEC — and even if he could, a lot of people aren’t enamored with the sentiment anyway.
  38. company town
    There May Be a Day When Port Authority Is Nice to Look AtWe know, we know — dare to dream, right? But there are proposals to build above it, and the renderings look lovely. Plus, news from the finance, law, real estate and media industries, in our daily roundup.
  39. company town
    Citigroup Posts $2.5 Billion LossA lot of big news at the banks today — but there’s also crazy stuff going down with Jeff Zucker, Dan Rather, Brooke Astor (from beyond!), and Barack Obama, in our daily industry roundup.
  40. company town
    Chairman Cox Bans Naked Short-SellingHeh. Naked short selling. Sounds like something a frat boy would do, right? Well … it sort of is. Read all about the SEC’s bold move to crack down on market manipulators and more, in our daily roundup of finance, media, law, and real-estate news.
  41. white men with money
    Angelo Mozilo’s Crocodile TearsThe Countrywide CEO gets all choked up at the last shareholder meeting before the sale to Bank of America.
  42. company town
    Will the Fallout From a Failed Hedge Fund Steal the Smile From Vikram Pandit’s Face?The Citigroup CEO struggles with a hedge fund that lost hundreds of millions of dollars, the White House claims NBC’s Knesset footage was edited to make Bush look like a jerk, and noogies are legally defined, all in our daily rundown of industry news.
  43. company town
    Eliot Spitzer Hires Guides to Keep Him From Washing Down River of DespairLAW • Eliot Spitzer has been careful about the lawyers he’s selected to protect him against potential charges related to his activities with random twentysomething hookers, hiring a set of heavy hitters from white-collar crime specialists Paul, Weiss, Rifkind, Wharton & Garrison. He’s right to be choosy: “Hiring a lawyer is not unlike selecting a river guide,” the Times says today. “One wants a professional who not only steers clear of the rapids but does so in a reassuring manner. It also helps if he knows what to do should the boat hit the rocks.” Yeah. That’s just how we would have put it. [NYT] • A New York court rules that the daughter of a Jell-O heiress is not entitled to a taste of the multi-million-dollar fortune. [New York Law Journal] • Is Hillary Clinton’s legal background hindering her campaign? [Law.com]
  44. in other news
    Timothy Sykes: ‘The SEC Are Rapists’So, we don’t really know anybody at the Securities and Exchange Commission. But, statistically, we’d bet that they’re mostly not sexual criminals. They’re busy. But former hedge-fund manager and Internet hero Timothy Sykes begs to differ. “The SEC fucked me,” he told Dealbreaker.com. “The SEC are rapists. And everyone who’s been raped by them is too scared to come forward.” Wow. In addition to the grammatical conundrum that this statement raises (is it, “The SEC is a rapist”?), there’s the whole point that the SEC is basically out to protect the little people. You know, the ones who are the most rape-prone? But we’re arguing a small point here. It’s Friday, and you need someone in the financial world to ridicule who isn’t your own money manager. Tim Sykes—Find Him Under ‘RichAssJew’ On MySpace — Says We Should Consider Ourselves Lucky He Closed His Fund, Otherwise We Never Would Have Heard About Him*, And What A Pity That Would’ve Been [DealBreaker] Related: Has Every Wall Streeter Gone Insane? A Graphical Guide
  45. company town
    Stephen Colbert Doesn’t Make the BallotMEDIA • Hollywood and television writers have decided to strike and will announce a walk-out deadline by noon today. Late night will be most immediately effected — guess we’ll find out just how funny Jon Stewart and David Letterman really are. [NYT] • The South Carolina Democratic executive committee rejected self-proclaimed “favorite son” Stephen Colbert’s attempt to get on the ballot. Colbert now has to accumulate 10,000 signatures to make the ballot as an independent or pay the Republicans $35,000. Tough decision. [HuffPo] • Don Imus signed a deal with Citadel to return to radio, broadcasting on WABC in New York and syndicated nationally on ABC Radio. The I-Man had to settle for $5 million a year, half of what he made with CBS. [WSJ]
  46. company town
    CEO Accused of Golf ManipulationFINANCE • Hollywood Country Club is looking into allegations of score altering in a July 4 golf tournament by Bear Stearns CEO Jim Cayne. [CNBC] • The SEC began an investigation into Whole Foods CEO John Mackey’s anonymous online postings. [DealBook/NYT] • Morgan Stanley’s John Mack is hosting a fund-raiser for Hillary Clinton today. He supported George W. Bush in 2004. [Financial Times]
  47. in other news
    The Hamptons Butler Did ItFor once, it appears that the butler actually did do it. That would be Graham J. Lefford, onetime butler to hot-handed media entrepreneur Robert F. X. Sillerman (yes, we love the “x” too). As CFO.com is reporting, it all went down when Sillerman was buying the majority rights to market Graceland, Elvis Presley’s estate, in 2004. (He also owns American Idol.) With deal-related faxes going back and forth between Sillerman’s Hamptons estate and his Manhattan office that summer, Lefford figured he’d be a bit of a hound dog and grab a piece of the action for himself, buying 5,000 shares of Sillerman’s company a mere twelve minutes after the final fax sealed the $100 million deal.
  48. company town
    Man the Buckets! Long Term Capital Is (Sort Of) Back!FINANCE • Some of Long Term Capital’s former executives are making another go of it with a new fund, Quantitative Alternatives. [Bloomberg via DealBook/NYT] • Morgan Stanley will pay $8 million to settle federal fraud charges over its alleged failure to get the best prices possible for retail stock investors. [AP via NYT] • The SEC will announce Monday whether it will appeal a court ruling that overturns the “Merrill Lynch” rule, allowing brokers to offer fee-based services to clients without being registered as financial advisers. [NYP]
  49. company town
    Sulzberger Tires of Wondering Whether Print Is DeadMEDIA • Pinch Sulzberger: “Will we print the NYT in five years? I don’t care.” [Haaretz via E&P] • GE CEO Jeff Immelt calls a Post story about a sale or spinoff of NBC Universal, “more or less made-up stupid drivel.” [Fortune] • Will Ferrell and Sacha Baron Cohen “too big” to share VF’s Hollywood cover. Ben Stiller, Owen Wilson, Chris Rock, and Jack Black apparently not so big. [Deadline Hollywood/LA Weekly]