A Northbrook-based maker of an oral testosterone product is planning an initial public offering of 5 million of its shares at an expected price of $11 to $13 a share, according to a filing Monday with the Securities and Exchange Commission. Get the full story »
Inside these posts: SEC
Visit our Filed page for categories. To browse by specific topic, see our Inside page. For a list of companies covered on this site, visit our Companies page.
Asset-backed securities investing rules take effect
U.S. regulators adopted new rules Thursday that seek to give investors better information before they choose asset-backed securities, a market that’s still struggling to recover from the financial crisis. Get the full story »
Deere CEO pay nearly triples in fiscal 2010
Deere & Co. said Friday that Chairman and Chief Executive Samuel Allen’s compensation for the company’s 2010 fiscal year almost tripled from the previous year.
Allen’s base salary, incentive pay, executive perks and awards of stock and options totaled $12.29 million for the year ended Oct. 31, up from $4.27 million a year earlier, according to a regulatory filing with the Securities and Exchange Commission. Get the full story »
CBOE sets modest goals for electronic exchange
CBOE Holdings is setting a low bar for success at its newly launched electronic exchange, with officials saying they expect to capture just 1 to 2 percent of the total U.S. options market in 2011.
“There’s an opportunity there,” CBOE Executive Vice-Chairman Edward Tilly told reporters over lunch. “It may take some time to develop.”
C2, as the new exchange is known, garnered 0.7 percent of the market in December, its second full month of operation, figures from the Options Clearing Corp show. There are nine U.S. options exchanges. Get the full story »
SEC looks into Facebook stock deal
The Securities and Exchange Commission has begun examining whether disclosure rules for privately held firms need to be rewritten as a result of recent deals allowing investors to buy shares in Internet companies such as Facebook Inc. and Twitter Inc., according to people familiar with the situation. Get the full story »
Financier Rattner settles with Cuomo for $10M
The investment banker who helped lead the Obama administration’s auto industry overhaul has agreed to pay $10 million to settle influence-peddling allegations in New York.
Former “car czar” Steven Rattner admitted no wrongdoing as part of the deal, which was announced by state Attorney General Andrew Cuomo on Thursday.
SEC expands mortgage foreclosure probe
U.S. regulators have opened a new line of inquiry in their mortgage foreclosure probe and are asking big Wall Street banks about the beginning stages of mortgage securitization, two sources familiar with the probe said.
The Securities and Exchange Commission launched the new phase of its investigation by sending out a fresh round of subpoenas last week to big banks including Bank of America Corp., Citigroup Inc., JPMorgan Chase & Co., Goldman Sachs Group Inc. and Wells Fargo & Co., the sources said. Get the full story »
SEC extending ‘circuit breakers’ for 4 months
Federal regulators are extending, for four months, the curbs put in after the May 6 market plunge that briefly halt trading of some stocks that make big price swings. Get the full story »
Feds charge more than 500 in Ponzis, frauds
U.S. Attorney General Eric Holder announces the results of "Operation Broken Trust." (Chip Somodevilla/Getty)
U.S. officials said Monday they have charged more than 500 people in what they dubbed the largest-ever nationwide sweep of scam artists preying on individual investors.
The announcement comes as federal agencies and the Obama administration are facing pressure to punish big-name companies and individuals for their role in the financial mess. So far, the U.S. has won few high-profile cases, compared with the aftermath of the savings and loan crisis and the dot-com bust. Get the full story »
SEC proposes rules for swap dealers
U.S. regulators introduced proposals on Friday that will determine which companies will be forced to hold more cash in order to trade in the lucrative over-the-counter derivatives market. Get the full story »
SEC mulls 3-month extension of flash crash plan
U.S. regulators are considering a three-month extension to their pilot program that gives stocks a reprieve when they are in freefall, people familiar with the situation said on Thursday.
The Securities and Exchange Commission’s circuit breaker program expires Dec. 10 and the regulator is under pressure to find permanent solutions to bolster market integrity after the May “flash crash.” Get the full story »
Bank of America says it had no WikiLeaks contact
Bank of America has no evidence that it is the target of alleged plans by website WikiLeaks to disclose confidential data and that thousands of the bank’s internal documents have already been scoured by lawmakers and regulators, a top executive said Wednesday. Get the full story »
SEC lets bond issuers skirt Dodd-Frank
Bloomberg News | The Securities and Exchange Commission has indefinitely extended a rule exempting asset-backed bond issuers from reporting credit ratings in their marketing materials, undermining part of the Dodd-Frank financial reform law.
Former car czar Rattner settles with SEC
Former Obama car czar Steven Rattner has agreed to pay $6.2 million to settle federal charges over his role in a “pay-to-play” scandal, but says he won’t be “bullied” into accepting a harsher penalty from New York’s attorney general.
