Correction: ITT Educational-Fraud Charges story
In a story May 12 about the Securities and Exchange Commission filing fraud charges against ITT Educational Services, The Associated Press erroneously spelled the last name of ITT's CEO the first...
View ArticleThe bid for Avon that apparently was not
NEW YORK - An apparently bogus offer to take over Avon Products that appeared on a regulatory website sent its stock on a wild ride Thursday and raised questions about the security of the online...
View ArticleOhio-based Nationwide Life Insurance to pay $8M penalty
WASHINGTON - A federal agency says Ohio-based Nationwide Life Insurance Company agreed to pay $8 million to settle charges that the company routinely violated pricing rules in daily processing of...
View ArticleCalifornia tells for-profit chain to stop enrolling veterans
SAN FRANCISCO - A for-profit college company with 15 campuses in California was ordered by the state Friday to stop enrolling new or returning students who plan to fund their educations with GI Bill...
View ArticleBHP Billiton pays $25M to settle SEC anti-bribery complaint
NEW YORK - BHP Billiton has agreed to pay $25 million to settle Securities and Exchange Commission charges that it violated anti-bribery laws by failing to have a proper system in place to prevent the...
View ArticleSEC files charges against Atlanta investment firm
ATLANTA - Charges have been filed against an Atlanta firm and two executives who are accused of selling unsuitable investments to Atlanta city employee pension funds.
View ArticleDeutsche Bank paying $55M settlement on incorrect reports
WASHINGTON - Germany's Deutsche Bank AG has agreed to pay $55 million to settle civil charges of filing incorrect reports during the financial crisis that downplayed risks of huge losses.
View ArticleStates join forces in attempt to void federal investing rule
HELENA, Montana - State officials in Montana and Massachusetts have joined forces in an attempt to void a new federal rule for public investment offerings.
View ArticleBogus buyout offer for Avon, other companies spurs SEC suit
NEW YORK - Federal regulators say a Bulgarian man was part of a scheme to manipulate the stocks of Avon Products and two other companies by issuing fake takeover offers.
View ArticleComputer Sciences paying $190M to settle SEC fraud charges
WASHINGTON - Computer Sciences Corp. is paying a $190 million penalty and a former CEO is returning $3.7 million in compensation to resolve federal regulators' charges of accounting fraud involving an...
View ArticleFormer BankRI official charged in insider trading lawsuit
PROVIDENCE, Rhode Island - The U.S. Securities and Exchange Commission on Monday filed a lawsuit against a former Rhode Island bank official and three of his associates, accusing them of insider...
View ArticleAs president, Bush would face entanglements from board roles
WASHINGTON - Jeb Bush's deep dive into corporate America, where he served on the boards or as an adviser to more than a dozen companies, could trigger complications for him if he wins the White House.
View ArticleState Street gets notice of possible SEC lawsuit
NEW YORK - Financial services firm State Street said it received notice that the Securities and Exchange Commission may accuse it of violating securities laws in its efforts to win business from public...
View ArticleGovernment review taking place of bio tech plant, others
NEWPORT, Vermont - The U.S. Securities and Exchange Commission is reviewing Jay Peak Resort projects that have investors from other countries, including hotels and a planned biotech facility in...
View ArticleGov. Scott's wealth grew after spending millions on campaign
TALLAHASSEE, Florida - Florida Gov. Rick Scott, a multi-millionaire former businessman who dipped into his own fortune last year to help his re-election campaign, continues to get wealthier.
View ArticleTexas AG figures in federal securities probe
AUSTIN, Texas - Texas Attorney General Ken Paxton, whose admitted violations of state securities laws will go before a grand jury this month, has also figured in a federal investigation of a...
View ArticleFake story on buyout sends Twitter stock briefly higher
NEW YORK - Twitter's stock briefly spiked on Tuesday after a fake story said the short messaging service received a $31 billion buyout offer.
View ArticleTribe's partner in marijuana venture faces fiscal challenges
FLANDREAU, South Dakota - When the Flandreau Santee Sioux Tribe announced an agreement with an outside business for advice on how to grow and sell marijuana on its land, it touted the consultant's...
View Article2 men arrested in Israel on US charges in stock spam scam
NEW YORK - Two men were arrested Tuesday in Israel and a third was being sought after a New York indictment accused them of trying to cheat millions of people in a stock spam scam.
View ArticleMead Johnson paying $12M to settle US bribery charges
WASHINGTON - Mead Johnson has agreed to pay $12 million to settle federal civil charges that its Chinese subsidiary bribed hospital professionals to recommend its infant formula to new or expecting...
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