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Stories about: SEC


75,000 Individuals Duped in “Stock Picking Robot” Scheme

Twenty-year-old twin brothers Thomas Edward Hunter and Alexander John Hunter, both from the United Kingdom, have been running a sophisticated fraud scheme by relying on a so-called “stick picking robot” that allegedly knew how to identify penny stocks that would suddenly grow in value. The US Securities ...

24 April 2012
04:14 GMT

SEC Employee Data Exposed Due to Contractor Violation

Financial Tracking Technologies LLC (FTT) was contracted by the Securities and Exchange Commission (SEC) to set up a new ethics system, but it turns out that's not the only thing they were doing. Recent investigations revealed that the company violated the agreement by providing employee sensitive information to...

15 October 2011
05:37 GMT

IBM Bribed Korean and Chinese Officials, US SEC Says

It looks like HP isn't the only 'blue' company to be accused of bribery, as IBM has been charged by the US Securities and Exchange Commission with bribing quite a few officials between 1,998 and 2003. The IT market is definitely no stranger to lawsuits, as legal battles have been sprouting and closin...

21 March 2011
06:01 GMT

Apple Posts 2011 Proxy Statement Online

Minutes ago, Apple announced that its proxy materials are now online under the SEC’s Notice and Access rules.The Cupertino vendor of electronics claims to be able to significantly reduce its carbon footprint by replacing printed materials, as a result of the Commission’s Notice and Access rules.Apple&rsqu...

7 January 2011
09:14 GMT

Apple Obtains Rights for Patented Liquidmetal Materials

An SEC filing reveals that Apple has struck a deal with Delaware-based Liquidmetal Technologies to obtain rights for using patented Liquidmetal materials, which could end up in future iPods, iPhones and other Apple products that rely on strong, durable casings. The Baltimore Sun was tipped off yesterday by Jay Rickey...

10 August 2010
05:09 GMT

Apple Issues Amendment Correcting Form 10-Q

Apple has updated its press room with a report saying that it has filed an amendment to correct the Form 10-Q it submitted to the Securities and Exchange Commission. The company reportedly later discovered that the filing incorrectly reported the voting percentages for shareholder-submitted proposals. The company ha...

27 April 2009
09:16 GMT

Apple Lays Off 1,600 Staffers, SEC Filings Show [Updated]

According to recent SEC filings, Apple's retail locations had 14,000 full-time employees at the end of Q2 2009. The figures show a 1,600 drop from the previous quarter, with the average revenue per store declining by 17%, falling to $5.9 million from $7.1 million in 2008. Nevertheless, Apple's revenue grew ...

27 April 2009
03:22 GMT

Take Two Settles Two Law Suits

Rather than being busy with providing information related to its videogame releases, publisher Take Two is filling the news space with information related to the law suits that it has managed to settle during the recent few days.Today, the company announced that an agreement was reached with a group of share holders ...

7 April 2009
13:01 GMT

Apple to Be Inquired by the SEC over Steve Jobs Health Disclosures

We've just learned that the Securities and Exchange Commission is planning to review Apple's disclosures regarding its CEO's health problems, pressed by investors who need to know where things are headed. U.S. regulators are not kicking off the investigation following a particular lead - the SEC doesn&...

21 January 2009
03:38 GMT

Apple Execs Get Millions in Bonuses

Regulatory filings with the Securities and Exchange Commission reveal that members of Apple's executive team have been granted more than $122 million in restricted stock-based compensation for their current and future efforts, reflecting the company's growing Mac, iPod and iPhone businesses.Nine grants were...

1 October 2008
02:40 GMT

PlayStation 3 Cost Sony 3.3 Billion

Sony has filled a report with the Securities and Exchange Commission which details the way the PlayStation 3 has shaped how the company views the console manufacturing business, while also revealing some very interesting figures regarding its cost and how Sony plans to turn it into a profitable one.Apparently, the to...

1 July 2008
18:11 GMT


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