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LendingClub Plunges Another 12% Amid Dept. Of Justice Subpoena
Tuesday, May 17, 2016 - 7:59am | 256Read More...Shares of LendingClub Corp (NYSE: LC) were trading lower by 12 percent early Tuesday morning, essentially erasing Monday's 12 percent gain after the company confirmed in a regulatory filing that it received a grand jury subpoena from the U.S. Department of Justice. LendingClub dominated...
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SEC Tracking Unicorns On Possible Valuation Inflation In Silicon Valley
Friday, April 1, 2016 - 11:53am | 465Read More...This interview comes courtesy of Benzinga, host of the 2016 Benzinga Fintech Awards Securities and Exchange Commission chairwoman, Mary Jo White, is tracking a herd of rouge "unicorns," and she's expressed concern. In the Silicon Valley basin, at Stanford University, White spoke...
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Stock Market Structure Won't Change, At Least Not This Year
Wednesday, March 9, 2016 - 3:22pm | 252Read More...SEC Chairwoman Mary Jo White said the structure of the U.S. stock market will not change, at least not this year. White said the agency won't advance any major changes in 2016 to the fragmented system of trading U.S. stocks after undertaking a "holistic review" of rules, including whether stock...
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Stakeholders Are Demanding Exxon Include A Climate Change Resolution In Annual Shareholder Proxy
Wednesday, February 24, 2016 - 8:57am | 290Read More...New York State's comptroller and 4 Exxon Mobil Corporation (NYSE: XOM)'s shareholders are pressing the U.S. Securities and Exchange Commission to force the company to include a climate change resolution in its annual shareholder proxy, according to a report by Reuters. New York State...
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Iconix Brand Group Spikes 8%: Here's Why
Friday, February 19, 2016 - 11:38am | 188Read More...Shares of Iconix Brand Group Inc (NASDAQ: ICON) were trading higher by more than 8 percent on Friday after the company confirmed it will restate historical financial statements following receipt of a letter from the SEC. Iconix Brand added that it has responded to the SEC's letter and addressed all...
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Credit Suisse Rule 606 Disclosure Fails To Identify Who's Receiving 47% Of The Banks' Total Orderflow
Monday, February 8, 2016 - 3:10pm | 149Read More...Following the introduction of Reg-NMS in 2007, the SEC required trading centers to list the full breakdown of which venues receive what percentage of various order types. Credit Suisse, which was recently fined along with Barclays for a lack of accurate representation to clients of how their...
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Will Amazon Ever Disclose Its SEC Investigation? Probes Reporter Digs In
Thursday, January 28, 2016 - 11:52am | 454Read More...For the third time since the summer of 2014, the SEC has a confirmed on-going enforcement proceedings at Amazon.com, Inc. (NASDAQ: AMZN) that are undisclosed, according to Probes Reporter (an independent investment research focused on public company interactions with the SEC). The first...
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Peabody Energy Has Multiple Undisclosed SEC Probes, New Report Warns
Monday, January 25, 2016 - 12:00pm | 345Read More...According to Probes Reporter, an independent investment research firm that focuses on public companies' interactions with the Securities and Exchange Commission, Peabody Energy Corporation (NYSE: BTU) is "playing Disclosure Games" with investors regarding ongoing SEC investigative activity. Probes...
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Probes Reporter: Walgreens Facing Undisclosed SEC Investigation
Friday, January 8, 2016 - 9:45am | 159Read More...Walgreens Boots Alliance Inc (NASDAQ: WBA) faces an ongoing SEC investigation that the company has not yet disclosed, according to a report by Probes Reporter. Probes Reporter stated that it received information from the SEC in the form of a letter dated September 24, 2015, that Walgreens Boots...
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Shares Of Relypsa Hit Hard Following New Employment Inducement Grants, Confidential Treatment Order
Wednesday, January 6, 2016 - 12:24pm | 122Read More...Shares of Relypsa Inc (NASDAQ: RLYP) were trading lower by nearly 4 percent at $25.78 late Wednesday morning. Relypsa announced on Tuesday its compensation committee granted 10 new employees the option to purchase an aggregate of 34,600 shares of the company's stock at a purchase price of $...
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Shares Of Iconix Brand Crashing, Company Cooperating With SEC Over Accounting Treatment
Monday, December 28, 2015 - 12:04pm | 133Read More...Shares of Iconix Brand Group Inc (NASDAQ: ICON) lost more than one-quarter of its value Monday morning after the company confirmed in a press release it is cooperating with the SEC following a formal order of investigation. According to Iconix, the investigation is related to the accounting...
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United Development Funding Rises After Company's Latest Response To 'Misleading' Anonymous Posts
Tuesday, December 15, 2015 - 10:57am | 447Read More...United Development Funding III (PINX:UDF) and United Development Funding IV (NASDAQ: UDF) filed on Forms 8-K with the SEC on Monday, detailing the misleading anonymous posts regarding the companies as unlawful by the hedge fund or funds that attacked them. The companies responded to the claims in...
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IBM Sells Off Amid SEC Probe Related To Sales Accounting
Tuesday, October 27, 2015 - 2:38pm | 369Read More...Shares of International Business Machines Corp. (NYSE: IBM) hit a new 52-week low of $138.10 on Tuesday. The stock heavily sold off after the company said in a 10-Q filing that the SEC has been conducting an investigation related to revenue recognition. IBM said that it has been aware of an...
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Probes Reporter Expects 'Array' Of Investigations At Valeant
Friday, October 23, 2015 - 12:31pm | 376Read More...Correction: The previous version of this article, including the title, contained inaccuracies. The firm wrote it expects "an array of protracted, distracting, and expensive investigations." Those are not limited to the SEC. Shares of Valeant Pharmaceuticals Intl Inc (NYSE: VRX) rebounded nearly...
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Google Facing 'Array' Of Undisclosed SEC Investigations, Warns Probes Reporter
Wednesday, September 30, 2015 - 11:41am | 408Read More...Probes Reporter has been tracking SEC probes at Google Inc (NASDAQ: GOOG) (NASDAQ: GOOGL) since 2013. Probes Reporter stated in a report on Wednesday that an undisclosed SEC investigation against Google is "confirmed as on-going." Probes Reporter stated that Google's "...
