Biglari Holdings Urges Shareholders to Protect Their Investment from Groveland SAN ANTONIO---- Biglari Holdings Inc. today released an open letter to shareholders regarding the Company' s 2015 Annual Meeting of Shareholders, to be held April 9, 2015. A small hedge fund, Groveland Capital LLC, which has disclosed a diminutive ownership stake in the Company of approximately 0.167%, is attempting to replace the entire Board of Directors of...
Source: Business Wire
Darrell Issa Previews MADOFF Transparency Act at Financial Regulation Summit WASHINGTON, March 24, 2015/ PRNewswire-USNewswire/-- During the opening session of the Data Transparency Coalition's Financial Regulation Summit, Rep. The bill specifically affects the Treasury Department, the Securities and Exchange Commission, and the other seven member agencies of the Financial Stability Oversight Council: the Federal Deposit...
Source: PR Newswire
Madoff feeder fund settles; victims' recovery tops $10.6 billion NEW YORK, March 23- The trustee recovering money for Bernard Madoff's victims on Monday announced a settlement to recoup $93 million from a "feeder fund" that sent client money to the swindler's firm, boosting the total sum raised to roughly $10.65 billion. Irving Picard, the trustee, said the settlement calls for the Defender Ltd feeder fund to receive a $522.8...
| By: Jonathan Stempel
The SEC is examining my advisor. Should I worry? As part of its consumer protection mission, the SEC has implemented an examination program that all SEC-registered investment advisors must undergo.
| By: Brian Hamburger, founder and CEO of MarketCounsel
Polygraph Test Now Used to Protect Investors From Fraud LOS ANGELES, March 23, 2015/ PRNewswire/-- In the 2014 fiscal year, irs.gov recorded over $100 million in Federal fraud case conviction losses. Investor Mark Saint Juste along with former Federal Agent and polygraph expert Joe Paolella partnered to administer the test in a new way: BEFORE the financial crime occurs. To help secure investors and institutions from...
Source: PR Newswire
US Attorney Preet Bharara faces setbacks amid NY success run NEW YORK- It was bad enough that New York's most famous prosecutor, Preet Bharara, lost in the sweepstakes to become the next U.S. attorney general nominee to a fellow federal prosecutor from his own city. Could it be a dimming of the star prosecutor who once made the cover of Time magazine, who has been widely praised for his tough talk about insider trading on Wall...
Source: The Associated Press
| By: By LARRY NEUMEISTER, Associated Press
Why is the SEC still so low-tech? The SEC's entire corporate-disclosure operation is based on the written document. That's a huge problem, says this watchdog.
| By: Hudson Hollister, executive director of the Data Transparency Coalition