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Our experts frequently write blog posts about the findings of the research we are conducting.

Displaying 11-20 out of 29 results for "ERS".

SEC Press Release: Efficacy of Registration Statements

(Jun 2011)

Stop Order Proceedings Instituted Against China Intelligent Lighting and Electronics, Inc., and China Century Dragon Media, Inc.

The Securities and Exchange Commission (SEC) issued a press release today announcing that

"it has instituted proceedings to determine whether stop orders should be issued suspending the effectiveness of registration statements filed by two companies - China Intelligent Lighting and Electronics Inc. (CIL) and China Century Dragon Media Inc. (CDM)."

The...

SEC Press Release: Reverse Mergers

(Jun 2011)

SEC Issues Bulletin on Risks of Investing in Reverse Merger Companies

The Securities and Exchange Commission (SEC) announced in a press release today announcing that it had "issued an Investor Bulletin about investing in companies that enter U.S. markets through so-called 'reverse mergers'." The purpose of the Investor Bulletin, according to SEC's Office of Investor Education and Advocacy's, is to educate investors on the potential risks of investing in the stock of reverse merger...

SEC Press Release: Microcap Stock Fraud

(Jun 2011)

SEC Suspends Trading in 17 Companies in Proactive Effort to Combat Microcap Stock Fraud

The Securities and Exchange Commission (SEC) issued a press release today announcing that it had

"suspended trading in 17 microcap stocks because of questions about the adequacy and accuracy of publicly available information about the companies, which trade in the over-the-counter (OTC) market."

The Order of Suspension of trading can be found on the SEC's website.

SEC's regional offices,...

In the News: Auction Rate Securities Purchased by US Airways

(Jun 2011)

Forbes' blogger Bill Singer narrates the story of US Airways. Registered with Lehman Brothers at the time, three individuals were ordered to pay US Airways $15 million in damages for making unsuitable recommendations and unauthorized purchases of auction rate securities (ARS) and for the failure to provide proper supervision over the transactions of ARS made on behalf of US Airways.

ARS are long-term floating rate securities whose coupon payments are determined at auctions that are...

Joint SEC and FINRA Press Release: Structured Products

(Jun 2011)

The SEC and FINRA Issue Joint Press Release on Structured Products

The Security and Exchange Commission (SEC) issued a press release today jointly with the Financial Industry Regulatory Authority (FINRA) dealing with structured products with "principal protection" - so called "principal protected notes." This press release announced that an investor alert had been issued to educate and warn investors about the substantial risks associated with investing in structured products.

FINRA's...

FINRA Press Release: Subprime Securitizations

(May 2011)

FINRA Fines Credit Suisse Securities $4.5 Million and Merrill Lynch $3 Million for Misrepresentations Related to Subprime Securitizations

The Financial Industry Regulatory Authority (FINRA) issued a press release today announcing that

"it has fined Credit Suisse Securities (USA) LLC $4.5 million, and Merrill Lynch $3 million for misrepresenting delinquency data and inadequate supervision in connection with the issuance of residential subprime mortgage securitizations...

FINRA Investor Alert: Stock-Based Loan Programs

(May 2011)

Stock-Based Loan Programs: What Investors Need to Know

The Financial Industry Regulatory Authority (FINRA) published an Investor Alert on the risks and rewards of non-recourse stock-based loans, loans which are given to borrowers who pledge fully paid securities as collateral to the lenders. This collateral is the only recourse the lenders have with which to reclaim the loans from the borrowers. The lender holds the securities during the period of the loan and returns them - with profits...

SEC Press Release: Assigned Credit Ratings

(May 2011)

SEC Seeks Public Comment to Assist in Study on Assigned Credit Ratings

The Securities and Exchange Commission (SEC) issued a press release today announcing that it had requested

for public comment on the feasibility of a system in which a public or private utility or a self-regulatory organization would assign a nationally recognized statistical rating organization (NRSRO) to determine credit ratings for structured finance products.

The SEC's effort is mandated by the Dodd-Frank...

SEC Press Release: Fraudulent Bidding Practices

(May 2011)

SEC Charges UBS with Fraudulent Bidding Practices Involving Investment of Municipal Bond Proceeds

The Securities and Exchange Commission (SEC) issued a press release today announcing that it had

"charged UBS Financial Services Inc. (UBS) with fraudulently rigging at least 100 municipal bond reinvestment transactions in 36 states and generating millions of dollars in ill-gotten gains. To settle the SEC's charges, UBS has agreed to pay $47.2 million that will be returned to the...

FINRA Press Release: Auction Rate Securities

(Apr 2011)

FINRA Fines Jefferies $1.5 Million for Failing to Disclose Additional Compensation Paid and Conflicts in Sale of Auction Rate Securities

The Financial Industry Regulatory Authority (FINRA) issued a press release today announcing that

"it has fined Jefferies & Company, Inc. $1.5 million for failing to disclose additional compensation received and conflicts in connection with the sale of auction rate securities (ARS). FINRA also ordered Jefferies to repay $425,000 in fees and...

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