SEC

Washington, D.C., May 30, 2008 — The Securities and Exchange Commission today charged Massachusetts high-tech company Analog Devices, Inc. and its CEO Jerald Fishman for reporting false compensation and related financial information to investors by backdating stock option grants to officers, directors and employees.

Without admitting or denying the SEC's findings, Analog and Fishman agreed to settle charges against them by consenting to the entry of an administrative cease-and-desist order.    » read more »

Washington, D.C., May 14, 2008 — The Securities and Exchange Commission today filed a settled enforcement action charging Willbros Group, Inc. and four former employees with violations of the Foreign Corrupt Practices Act (FCPA), alleging that they paid more than $6 million in undisclosed bribes to Nigerian government officials and others to obtain significant contracts for the Houston-based company.    » read more »

Washington, D.C., May 14, 2008 — The Securities and Exchange Commission today filed securities fraud charges against the promoters of an $18 million real estate investment scheme targeting the African-American community in the Los Angeles area and other locations in Nevada and Georgia.    » read more »

Washington, D.C., May 14, 2008 — The Securities and Exchange Commission today charged two current and two former top officers of Irvine, Calif.-based Broadcom Corporation for their alleged participation in a five-year systematic scheme to secretly backdate stock options granted to virtually all Broadcom officers and employees.

Broadcom: Photo by Nate McBean (CC)    » read more »

May 13, 2008 -- LANSING – The U.S. Securities and Exchange Commission (SEC) recently announced that with the assistance of the Office of Financial and Insurance Regulation (OFIR), the federal agency obtained an emergency court order freezing the assets of Gregory N. McKnight of Swartz Creek, MI, an alleged perpetrator, of an Internet fraud scheme that reaped approximately $72 million from more than 3,000 investors in all 50 states and at least 30 foreign countries.    » read more »

April 30, 2008 -- ESPN Regional Television (ERT) today announced that the Papajohns.com Bowl in Birmingham, Ala., will host a matchup between the BIG EAST Conference and the Southeastern Conference (SEC) starting in 2008.

The matchup between a bowl-eligible team from the SEC and one from the BIG EAST came about as the result of negotiations between the two conferences and Conference USA, and with the approval of the NCAA Postseason Bowl Committee. The announcement was made today at the annual Football Bowl Association meetings in Fort Lauderdale, Fla.    » read more »

May 6, 2008 -- WASHINGTON, DC -- With energy prices continuing to reach record highs, U.S. Senators Jack Reed (D-RI) and Carl Levin (D-MI) sent a letter to President Bush requesting the creation of a new federal task force to investigate whether speculators are driving up prices in energy commodity markets through manipulative or deceptive practices.

Oil drums: Photo by tripletrouble (CC)    » read more »

Washington, D.C., April 22, 2008 — The Securities and Exchange Commission today charged Broadcom Corporation for falsifying its reported income by backdating stock option grants over a five-year period.

As a result of the fraud, Broadcom restated its financial results in January 2007 and reported more than $2 billion in additional compensation expenses.

Broadcom single chip AGPS solution

The Irvine, Calif.-based semiconductor maker has agreed to settle the charges and consented to pay a $12 million penalty.    » read more »

Calls For Tighter SEC Oversight Of Firms; SEC Chairman Cox Acknowledges Investigators Have Uncovered Improper Practices At Ratings Firms

April 22, 2008 -- Report: Moody's Curried Favor With Clients To Inflate Firm's Market Share -- WASHINGTON, DC -- U.S. Senator Charles E. Schumer (D-NY) today pressed the head of the Securities and Exchange Commission to crack down on conflict-of-interest violations at the major credit-ratings agencies, which he said conspired to inflate an unsustainable credit bubble. Under questioning by Schumer before the Senate Banking Committee, SEC Chairman Christopher Cox disclosed that the firms disregarded their own internal controls meant to prevent the relationship between the firm and its clients from getting too close.    » read more »

Includes Five Top-25 Teams

January 31, 2008 -- ESPN Regional Television, in conjunction with the BIG EAST Conference and the Southeastern Conference, announced today the eight men’s college basketball teams that will represent the two conferences in the second annual SEC/BIG EAST Invitational.    » read more »

SUNNYVALE, Calif., August 28, 2007 – Juniper Networks, Inc. (NASDAQ: JNPR), today announced that the Commissioners of the Securities and Exchange Commission (SEC) have authorized the final settlement between the company and the SEC regarding the previously-disclosed SEC inquiry into the company's historical stock option granting practices.    » read more »

08/20/2007, Birmingham, Ala., and Washington, D.C. -- SEC football fans are gearing up for the 2007 season, and XM Satellite Radio is getting ready to launch its first season as the official satellite radio network of the SEC.    » read more »

- XM Is Now the Official Satellite Radio Network for All Six BCS Conferences
- College Football Fans Can Hear Games from Coast to Coast

WASHINGTON, Aug. 21 /PRNewswire-FirstCall/ -- XM Satellite Radio is launching its biggest package of college football ever with games for the six power conferences -- ACC, Big East, Big Ten, Big 12, Pac-10, and SEC -- starting August 30.    » read more »

July 11, 2007 -- The Domestic Policy Subcommittee, which has oversight jurisdiction over the Securities and Exchange Commission (SEC), will hold a hearing to examine the possible risks presented to ordinary investors by the recent Blackstone Group L.P. (“Blackstone LP”) and similar upcoming initial public offerings (“IPOs”) of the management entities of hedge funds and private equity funds.    » read more »

Illegal “botnets”used to cheat investors out of more than $4.6 million

July 9, 2007 -- HOUSTON – Texas Attorney General Greg Abbott’s Special Investigations Unit charged two Texas residents with devising an illegal high-tech scheme to defraud investors out of more than $4.6 million. Both suspects, who were indicted July 3 by a Harris County grand jury, are the subjects of an ongoing investigation by several states and the Securities and Exchange Commission (SEC).    » read more »