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Beazer Homes Discloses Wells Notice to CEO; SEC May Pursue “Clawback”
Beazer Homes files Form 8-K disclosing Wells Notice to CEO.
ICAP Discloses Receipt of Wells Notice by Subsidiary
SEC staff recommending enforcement action related to the market in certain fixed income securities.
PCS Edventures! Discloses Receipt of Wells Notices from SEC
Company and several executives receive Wells Notices.
SEC Drops Backdating Case Against Former Pixar CFO Mather
The SEC drops a stock options backdating investigation against former Pixar CFO.
Eight Years and Nine Investigations Later, Pequot Capital Receives Wells Notice From SEC
Eight years and nine investigations after certain trades that occurred in 2001, the SEC staff has sent Pequot Capital Management a Wells Notice notifying Pequot that it intends to recommend that the Commission bring an enforcement action against the firm.
As discussed here and here in excruciating detail, the trades under investigation relate to General Electric’s [...]
State Street Discloses Receipt of Wells Notice from SEC
In its Form 10-Q filed August 7, 2009, State Street Corp. disclosed that on June 25, 2009, SEC staff sent it a Wells notice related to the SEC’s ongoing investigation into disclosures and management by SSgA of its active fixed-income strategies during 2007 and prior periods. The company stated that
The SEC Staff has informed us [...]
Report: SEC Issues Wells Notices to AIG Financial Products Executives
The SEC has reportedly issued Wells notices to certain executives at AIG’s Financial Products unit. Citing the July issue of Corporate Counsel magazine, ABC News reports that Wells notices have gone out to multiple executives indicating the SEC staff’s intention to recommend that the Commission pursue enforcement action.
Read the ABC News article
SEC Issues Wells Notice to Morgan Keegan & Co.
In a Form 8-K filed today by Regions Financial, the company announced that on July 9, 2009, its wholly-owned subsidiary, Morgan Keegan & Company, Inc., received a “Wells” notice from the Staff of the Atlanta Regional Office of the SEC. Regions Financial disclosed that the SEC staff intends to recommend that the Commission bring enforcement [...]
SEC Issues Wells Notice to Morgan Keegan Related to ARS Liquidity Disclosures
Morgan Keegan & Co. Inc., a subsidiary of Regions Financial (RF), disclosed this week in RF’s Form 10-Q filing with the SEC that the SEC staff issued it a Wells Notice in March indicating that it intends to recommend enforcement action to the Commission. According to RF,
In March 2009, Morgan Keegan & Company, Inc. (“Morgan [...]
WSJ: SEC Staff Issues Wells Notice to Angelo Mozilo
The SEC staff has issued a Wells notice to Angelo Mozilo, the co-founder of Countrywide Financial Corp., advising Mozilo that it intends to recommend that the SEC file civil fraud charges against him, the WSJ reports. The staff reportedly sent Mozilo the Wells notice several weeks ago.
The WSJ reports that potential charges against Mozilo [...]