Heartland Discloses Possible Impact If SEC Wins Lawsuit
- Pay-to-Play Lawsuit in Appeal. Glazier, Kyle // Bond Buyer;1/5/2015, Vol. 1 Issue 34236, p1
A lawsuit challenging the Securities and Exchange Commission's investment adviser pay-to-play rule is moving forward in a D.C. federal appeals court, with implications for muni market pay-to-play restrictions hanging in the balance.
- SEC Chief Warns Mutual Directors, Citing Heartland. Hume, Lynn // Bond Buyer;1/9/2004, Vol. 347 Issue 31797, p5
Reports on the civil fraud charges filed by the U.S. Securities & Exchange Commission (SEC) against Heartland Advisors Inc. Accusation that the company worked with FT Interactive Data to manipulate the prices of the securities in two of its high-yield municipal bond funds; Settlement of the...
- Decision clarifies misappropriation theory of insider trading. POST, ASHLEY // InsideCounsel;Dec2012, Vol. 23 Issue 252, p54
The article briefly discusses the court case Securities and Exchange Commission versus Obus wherein the U.S. Court of Appeals of the 2nd Circuit ruled that an individual who receives inside information may be liable for insider trading under the misappropriation theory.
- The SEC's proxy access rule is overturned. // Corporate Board;Sep/Oct2011, Vol. 32 Issue 190, p27
The article discusses a court case wherein the federal appellate court in Washington D.C. annulled the "proxy access" rule of Securities and Exchange Commission (SEC) on July 2011 because of deficiencies on company proxy materials for director elections which was identified by the court.
- Broad Reading of Rule 10b-5 Nixed. Maleske, Melissa // InsideCounsel;Jun2010, Vol. 21 Issue 222, p70
The article reports on the ruling by the U.S. First Circuit in the case Securities and Exchange Commission (SEC) v. Tambone rejecting a broad interpretation of SEC Rule 10b-5.
- SEC Files Fraud Charges Against L&L Energy, CEO. // Coal Age;Apr2014, Vol. 119 Issue 4, p16
The article reports on the civil fraud charges filed by the Securities and Exchange Commission (SEC) officials against the China-focused coal company L & L Energy Inc. and its chief executive officer (CEO) Dickson Lee for fraud charges.
- Losses in Heartland's High-Yield Funds Prompt Suits. Fine, Jacob // Bond Buyer;10/31/2000, Vol. 334 Issue 31007, p6
Reports that investors in two Heartland Advisors Inc.'s municipal bond funds have filed a securities violations lawsuit against Heartland in federal court in the United States. Alleged misrepresentation of risk in the portfolio's security holdings and true net asset values; Loss of the...
- The Emperor Has No Clothes: Confronting the D.C. Circuit's Usurpation of SEC Rulemaking Authority. Cox, James D.; Baucom, Benjamin J. C. // Texas Law Review;Jun2012, Vol. 90 Issue 7, p1811
The article discusses the U.S. Court of Appeals for the District of Columbia Circuit case Business Roundtable v. SEC in which the court reportedly invalidated the U.S. Securities and Exchange Commission's Rule 14a-11 which deals with the process for limited shareholder board nominations. Several...
- Dain Rauscher faults SEC for imposing new markup standards. Hume, Lynn Stevens // Bond Buyer;06/29/98, Vol. 324 Issue 30424, p7
Asserts that the United States Securities and Exchange Commission should consider writing markup rules instead of trying to retroactively impose new standards on Dain Rauscher Inc. and other municipal dealers. Court case over alleged yield-burning abuses; Securities fraud charges filed against...