Daily Archives: October 16, 2008, 5:21 pm

SEC Fair Fund Distribution Too Small to Deserve Own Securities Docket Post, Relegated to Twitter Post

By the power vested in me as editor of Securities Docket, I hereby declare the SEC’s $272,037 Fair Fund distribution announced today in its case involving Strategic Investments to be too small to merit its own post on this publication.   I further order that any information concerning this distribution shall be provided on Securities Docket’s Twitter feed, which is…

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Nairobi: Insider Trading Prosecution of Former Kenya Commercial Bank Executive Begins Thursday

In Nairobi, former Kenya Commercial Bank managing director Terry Davidson is being charged with insider trading in Uchumi Supermarket shares.  His hearing starts on Thursday, according to Business Daily Africa. BDA reports that Mr. Davidson is facing four counts of insider trading in the supermarket retail chain, and is accused of instructing Suntra Investment Bank to buy for him 664,899…

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Thank You to Our Sponsors

Thank you to Securities Docket sponsor Citizens Bank. Citizens is the only bank in the country with a specialized group for class action and regulatory settlements. It offers a full range of financial services to law firms, regulators and claims administrators. Interested in becoming a Securities Docket sponsor? Contact Bruce Carton for details.

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Broadcom Co-Founder Samueli and US Attorney’s Office Decline to Withdraw Rejected Plea

Last month, U.S. District Judge Cormac Carney (C.D. Cal.) rejected a proposed plea agreement for Broadcom Corp. co-founder Henry Samueli that called for a sentence of five years probation and a $12.25 million fine (previously discussed here).  The court ruled that the agreement was too lenient, saying it would “erode the public’s trust in the fundamental fairness of our justice…

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FBI, US Attorney’s Office and Other Feds Investigating WaMu Collapse

The FBI and the U.S. Attorney’s Office for the Western District of Washington are investigating the facts leading up to the failure of Seattle-based Washington Mutual to determine if any federal laws were violated, the Puget Sound Business Journal reports. The U.S. Attorney’s Office has reportedly assembled a task force that includes the FBI, the FDIC Office of Inspector General,…

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