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... such accrued income in each restated financial period with a reasonable estimate of uncollectable underbilled amounts. The Securities and Exchange Commission's interpretation of accounting rules is that "GAAP do not allow for the deferral ... disputes from its average customers. Overstock.com violated GAAP by immediately claiming that a "gain contingency" existed and not considering material subsequent events The claim by the company that it immediately determined that a "gain contingency" existed ...

... governance process. The SEC has traditionally been consigned to disclosure, with substance left to the states. In fact, the Commission has long been involved in the substance of governance. We will be talking more about this topic in future posts. Thepaper ... can be found on SSRN. The abstract is below. Comments are invited. Abstract This article explores the role of the Securities and Exchange Commission in the corporate governance process. Traditionally, most have viewed substance as a matter for ...

... manipulate. These traders made at least $732,000 with their alleged pump-and-dump scheme, costing brokerage firms about $2 million. An investor alert has ... intrusion. It is interesting to see the difference between how the SEC acts to protect brokerage firms and what it will do for investors. When nearly $ 2 Million was lost in more than 40 accounts ... Based Account Intrusion Scheme, SEC.gov, March 7, 2007 Securities and Exchange Commission v. One or More Unknown Traders in the Common Stock of Certain ...

... ., Civil Action No. 07CV1439 (LAP) (S.D.N.Y.) The Securities and Exchange Commission announced today that it filed an injunctive action in United States District Court ... January 2006 to February 2007, Louis W. Zehil ("Zehil"), a corporate attorney, and two entities he controlled, Strong Branch Ventures IV LP ("Strong") ... Judge Preska entered an order granting a preliminary injunction, an asset freeze, the appointment of a receiver and other relief. For the complete release, click here. Source: U.S. ...

... initial letter is one of many which are demonstrative of the SEC implementing its pre-1990 interpretation of the Rule, which the Commission now concedes as a "mistake." III. Rationale behind Increasing Shareholder Power When analyzing Professor Bebchuk's articles, ... Letter from Peter Montagnon, Director of Investment Affairs, Association of British Insurers, to Christopher Cox, Chairman, Securities and Exchange Commission (Oct. 16, 2006) (on file with the SEC). [2] Margaret Blair & Lynn Stout, ...

... SEC ) as related to the Madoff ponzi scheme: The Securities and Exchange Commission (SEC) has posted information for Madoff investors at: [www.sec.gov] See also NYT article ... Picard, the court appointed trustee in charge of liquidating Mr. Madoff's assets, or the Securities Investor Protection Corporation. Soon after learning the list had been released, ... 2009 Wall Street Journal Article, "Madoff Clients Exposeed," by Dionne Searcey and Amir Efranti, pages A1, A10. We recommend that you read their ...

... Brod's wrongful activities are in violation of his company's ethics, as well as the antifraud and reporting provisions of the 1940 Investment Company Act. SEC rules mandate that Brod turn ... ING Investment Management Co., fired Brod in 2003. For many years, Shepherd Smith and Edwards has helped investors who have lost money. because of the misconduct of brokers ... Law, Forbes.com/AP, April 10, 2007 Read the SEC Order Against Brod (PDF) U.S. Securities and Exchange Commission ING Investment Management

... vague question. Presumably it referred mostly to the shareholder bill of rights, something that would indirectly allow the Commission to regulate governance practices through the use of listing standards. His response was excoriating. Chief Justice Steele ... , whatever one thinks of the answer, it likely reflects the views of the Delaware courts in general towards the Securities and Exchange Commission. With Delaware courts locked into a pro-management position, it is perhaps unsurprising that they ...

The U. S. Securities and Exchange Commission has accused Medical Capital Corporation (MCC), Medical Capital Holdings, Inc (MCHI) and Medical Provider Funding Corporation VI (MP VI) (collectively, "Medical Capital") of securities fraud. Specifically, the SEC has alleged in a lawsuit that Medical Capital defrauded investors by misappropriating about $18.5 million of investor funds and by misrepresenting that no prior Medical Capital securities offerings had defaulted on or ...

The U. S. Securities and Exchange Commission has accused Medical Capital Corporation (MCC), Medical Capital Holdings, Inc (MCHI) and Medical Provider Funding Corporation VI (MP VI) (collectively, "Medical Capital") of securities fraud. Specifically, the SEC has alleged in a lawsuit that Medical Capital defrauded investors by misappropriating about $18.5 million of investor funds and by misrepresenting that no prior Medical Capital securities offerings had defaulted on or ...