Upon investigating suspicious share price movements in the run-up to the announcement, the SEC alleged that board member Sir David Li, one of Hong Kong's most prominent businessmen, had informed his close friend and business associate Michael Leung of the impending offer.

The enforcement authority given by Congress allows the SEC to bring civil enforcement actions against individuals or companies alleged to have committed accounting fraud, provided false information, or engaged in insider trading or other violations of the securities law.

Newspapers ( and internet pundits ) have alleged that though the law requires prompt disclosure of insider sales, Mr. Bush neglected to inform the SEC about his transaction until 34 weeks had passed.

Since then it has since lost 75-80 % of its value by 2005, amid earnings declines, as well as an SEC investigation over the company's alleged improper accounting practices.

On August 31, 2004, a special committee of the Board of Directors investigating the alleged misconduct of the controlling shareholders of Hollinger International submitted the 512-page Breeden Report to the U. S. Securities and Exchange Commission ( SEC ).

On November 17, 2008, it was reported that the U. S. Securities and Exchange Commission ( SEC ) filed a civil suit against Mark Cuban relating to alleged insider trading in the shares of Mamma. com, now known as Copernic.

The SEC alleged that the company made false and misleading statements over the Internet and via other media in violation of U. S. securities laws in an attempt to increase its stock value.

The SEC alleged that the defendants fraudulently raised more than several hundred million dollars, purportedly to purchase assignments of equipment leases and promissory notes.

The SEC alleged that the couple purchased 415, 000 shares through a Merrill Lynch Hong Kong account between from 13 April until 30 April, and had reaped a US $ 8. 2 million profit on disposal following announcement of the bid.

The SEC alleged that Li had informed his close friend and business associate Michael Leung, who in turn told his daughter and son-in-law.

The SEC alleged that SpaceDev and chairman Benson made false and misleading statements through various media in an attempt to increase its stock value.

The SEC alleged that DeCinces and his associates made more than $ 1. 7 million in illegal profits when Abbott Park, Ill .- based Abbott Laboratories Inc. announced its plan to purchase Advanced Medical Optics Inc. through a tender offer.

Because of these regulatory restrictions on ownership, hedge funds have been exempted from mandatory registration with the US Securities and Exchange Commission ( SEC ) under the Investment Company Act of 1940, which is generally intended to regulate investment funds sold to retail investors.

Aguirre was fired from his job with the SEC when, as lead investigator of insider trading allegations against Pequot Capital Management, he tried to interview John Mack, then being considered for chief executive officer at Morgan Stanley.

Pequot settled with the SEC for US $ 28 million and Arthur J. Samberg, chief investment officer of Pequot, was barred from working as an investment advisor.

In SEC v. Texas Gulf Sulphur Co. ( 1966 ), a federal circuit court stated that anyone in possession of inside information must either disclose the information or refrain from trading.

In 1984, the Supreme Court of the United States ruled in the case of Dirks v. SEC that tippees ( receivers of second-hand information ) are liable if they had reason to believe that the tipper had breached a fiduciary duty in disclosing confidential information and the tipper received any personal benefit from the disclosure.

* Insider Trading Informational page from the U. S. Security and Exchange Commission ( SEC )

This law requires SEC-regulated companies to conduct third party audits of the company supply chains, determine whether any tin, tantalum, tungsten or gold ( together referred to as conflict minerals ) is made of ore mined / sourced from the Democratic Republic of the Congo ( DRC ), and create a report ( available to the general public and SEC ) detailing the supply chain due diligence efforts undertaken and the results of the audit.

The SEC said the company made more than $ 4 million in profit from the sale of vehicles and spare parts in the corrupt Oil-for-Food deals.

In an attempt to level the playing field for all investors, the SEC maintains an online database called EDGAR ( the Electronic Data Gathering, Analysis, and Retrieval system ) online from which investors can access this and other information filed with the agency.

The same online system also takes tips and complaints from investors to help the SEC track down violators of the securities laws.

Prior to the enactment of the federal securities laws and the creation of the SEC, there existed so-called Blue Sky laws that were enacted and enforced at the state level and regulated the offering and sale of securities to protect the public from fraud.

Further development resulted from the expansion of the power generation industry following World War II, particularly through the now defunct SEC.

Regulatory changes enacted by the SEC as part of the Global Settlement enlarged the " quiet period " from 25 days to 40 days on July 9, 2002.

The act contains 11 titles, or sections, ranging from additional corporate board responsibilities to criminal penalties, and requires the Securities and Exchange Commission ( SEC ) to implement rulings on requirements to comply with the law.

In it, the SEC defines the new term " disclosure controls and procedures ," which are distinct from " internal controls over financial reporting.

On September 15, 2010 the SEC issued final rule 33-9142 the permanently exempts registrants that are neither accelerated nor large accelerated filers as defined by Rule 12b-2 of the Securities and Exchange Act of 1934 from Section 404 ( b ) internal control audit requirement.

In 1991, the SEC expanded from ten to twelve member universities with the addition of:

Also in 1992, the SEC was the first conference to receive permission from the NCAA to sponsor an annual football championship game, featuring the winners of the conference's Eastern and Western divisions.

However, the approximate molecular weight can be calculated from SEC data because the exact relationship between molecular weight and hydrodynamic volume for polystyrene can be found.

Aggregation studies can also be done using ASEC although the aggregate concentration may not be calculated, the size of the aggregate will be measured only to be limited by the maximum size eluting from the SEC columns.

Due to the low cost of brown coal in Victoria and mounting pressure from the anti-nuclear movement, the SEC subsequently decided against commissioning a nuclear plant and instead continued the commissioning of brown coal plants.

" The SEC investigators concluded that the loss resulted from write-downs and expenses that occurred after he sold his stock.

The Center for Public Integrity said of this episode-" The documents from the SEC inquiry show that Harken Energy engaged in questionable accounting practices as they attempted to stave off a financial crisis in 1989 and 1990.

Political fallout from the 1929 crash led Congress to enact a law banning short sellers from selling shares during a downtick ; this was known as the uptick rule, and this was in effect until July 3, 2007 when it was removed by the Securities and Exchange Commission ( SEC Release No. 34-55970 ).

An example was the fumble by Arkansas quarterback Clint Stoerner vs. Tennessee in the 1998 SEC chaampionship game.

From 1998 to 2009 the game normally featured a matchup between teams representing the Big 12 Conference and the SEC.

Legislation enacted at the request of Treasury, the Federal Reserve Board, and the SEC in 1998 limited the CFTC's rulemaking authority with respect to swaps and hybrid instruments until March 30, 1999, and froze the pre-existing legal status of swap agreements and hybrid instruments entered into in reliance on the Swap Exemption, the Hybrid Instrument Rule, the Swap Policy Statement, or the Hybrid Interpretation.

In 1997 and 1998 a conflict developed between the CFTC and the SEC over an SEC proposal to ease its broker-dealer regulations for securities firm affiliates that engaged in OTC derivatives activities.

Bailey set a school indoor long jump record in 1998 of 25-10 feet to finish third at the SEC Indoor Track and Field Championships.

She also helped lead Tennessee to two SEC regular season titles in 1998 and 1999 and to three SEC tournament championships in 1996, 1998 and 1999.

He has been named SEC Coach of the Year in 1998, 2000, and 2011.

He was a team captain on the 1998 Tennessee team that won the National Championship and back-to-back Southeastern Conference ( SEC ) championships.

Seven years later, on August 20, 1998, the Securities and Exchange Commission ( SEC ) approved the change of name of GMCR, Inc. to Globe Telecom, Inc. ( Globe ).

Plain English writing style is now a legal duty for companies registering securities under the Securities Act of 1933, due to rules the Securities and Exchange Commission ( SEC ) adopted in 1998.

In 2006, the Securities and Exchange Commission ( SEC ) notified ACS that they were conducting an informal investigation into certain stock option grants made by the Company from October 1998 through March 2005.

In 1998, the U. S. Securities and Exchange Commission ( SEC ) censured and fined PFS Investments Inc., the securities arm for Primerica, for failure to properly supervise a group of registered representatives in Dearborn, Michigan.