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Archer Daniels Midland; BAE Systems, pleaded guilty to conspiring to defraud the US by impairing and impeding its lawful functions, to make false statements about its Foreign Corrupt Practices Act (FCPA) compliance program, and to violate the Arms Export Control Act (AECA) and International Traffic in Arms Regulations (ITAR).
Following is a list of securities frauds (also called stock frauds or investment frauds): 2003 Mutual-fund scandal: A number of major brokerages and mutual fund firms were accused of various deceptive acts that disadvantaged customers. Among them were late trading and market timing. Various SEC rules were enacted to curtail this practice. [1]
Any buyers of the stock who are unaware of the fraud become victims once the price falls. [12] The SEC says that Internet fraud resides in several forms: Online investment newsletters that offer seemingly unbiased information free of charge about featured companies or recommending "stock picks of the month".
Stock buybacks are soaring in a sign that corporate America is bullish on the US economy. Companies have announced share repurchases of more than $383 billion in the last 13 weeks, up 30% from the ...
To undertake a stock buyback, a company typically announces a “repurchase authorization,” which details the size of the repurchase, either in terms of the number of shares it might buy, a ...
Under KBF's Share Repurchase Plan, KBF stock can be purchased by block purchase from time to time as long as it is in compliance with SEC’s Rule 10b-18, subject to market conditions, meets legal requirements, and other factors. The repurchased shares are held in KBF's treasury where they are either inactive or applied to corporate use.
Continue reading ->The post How Stock Buybacks Work and Why Companies Do Them appeared first on SmartAsset Blog. As you invest and build a portfolio, you're likely to encounter common investing ...
Peregrine Systems [8] [10] corporate executives convicted of accounting fraud; Phar-Mor [8] company lied to shareholders. CEO was eventually sentenced to prison for fraud and the company eventually became bankrupt; Qwest Communications [10] RadioShack CEO David Edmondson lied about attaining a B.A. degree from Pacific Coast Baptist College in ...