Archive for the 'SEC stuff' Category

Being an aspiring actress is no doubt hard work and sometimes you wind up doing stuff you’re less than proud of for the paycheck. Or the clip. Yesterday, the SEC announced that it was suspending trading in three companies: NeoTactix (NCTX), Graystone Park Enterprises (GPKE), and Younger America (YNGR). The suspensions were not for securities [...]

Yesterday, Office Depot (ODP) announced disappointing fourth quarter results, and mentioned, almost in passing that CFO Patricia McKay, was leaving at the end of the week. We’re sure this sudden departure had nothing — absolutely nothing — to do with a disclosure in the 10-K that the company filed yesterday:
We are subject to a formal [...]

A short time ago, the SEC released its much-anticipated review of the 2007 proxy season and the new rules on executive compensation. The short version is that too many companies — well, at least the 350 that the SEC reviewed — wrote way too much, but said way too little about compensation and that there [...]

A short time ago, the SEC issued this release charging a San Francisco hedge fund manager with defrauding investors. According to the litigation release, Alexander James Trabulse, who ran the Fahey Fund, inflated the fund’s returns by over 200%. The complaint also charges that Trabulse used investor’s money to purchase cars, home theater equipment, real [...]

Last week, the SEC ended its nearly six-month long correspondence with electronics retailer Best Buy (BBY). Not familiar with this? That’s because Best Buy never mentioned that the letters existed, so they only became available once the SEC completed its investigation.
But going back and reading the now-available letters is pretty interesting. Start on March 2, [...]