Lissack, SEC called near a settlement: Barred, $30,000 fine
- SEC Seeks New Rules for Swap Players, Including Governments. Quigley, Joan // Bond Buyer;6/30/2011, Vol. 376 Issue 33542, p3
The article reports on the move of the Securities & Exchange Commission (SEC) to propose new rules that will govern transactions between swap dealers and customers in state and local governments in the U.S.
- Smith Barney, SEC to settle charges over Dade County, Fla. swap deal. Hume, Lynn Stevens // Bond Buyer;09/05/97, Vol. 321 Issue 30224, p5
Discloses that Smith Barney Inc. and the US Securities and Exchange Commission are expected to settle securities law charges in connection with a $431.7 million water and sewer swap transaction that was done for Dade County, Florida in 1994. SEC's allegations against Smith Barney; Background on...
- SEC Swaps Ruling. // Practical Accountant;Oct2002, Vol. 35 Issue 10, p26
Informs on the ruling by the U.S. Securities and Exchange Commission (SEC) regarding the accounting practice used by some telecommunication companies involving capacity swaps.
- Ex-banker Lissack charged with fraud over 1994 swap. Hume, Lynn Stevens; McEntee, Christopher // Bond Buyer;09/24/97, Vol. 321 Issue 30237, p1
Reports that the US Securities and Exchange Commission has filed fraud charges against Michael Lissack, former Smith Barney derivatives banker. Amount the company will pay to settle charges that it failed to supervise Barney; Use of inaccurate assumptions on Dade County, Florida.
- SEC Asks Jefferson Co., Ala., About $4B of Swaps, Warrants. Hume, Lynn; Sigo, Shelly // Bond Buyer;9/24/2004, Vol. 349 Issue 31976, p1
Reports on the U.S. Securities and Exchange Commission's launch of an inquiry into the interest-rate swaps that Jefferson County, Alabama has entered into in connection with a comparable amount of sewer revenue warrants that the county sold. SEC examiners' request for copies of all documents...
- SEC Sets Stage for Credit Default Swap Oversight. Colabella, Patrick; Fitzsimons, Adrina P.; Shoaf, Victoria // Bank Accounting & Finance (08943958);Jun/Jul2009, Vol. 22 Issue 4, p45
The article discusses interim final temporary rules and amendments issued by the Securities and Exchange Commission. It says these temporary rules address concerns related to the over-the-counter market in credit default swaps (CDS). The article explains that the rules will expedite the use of...
- Transparency and Regulation are Coming to the CDS Market. Schneider, John // U.S. Banker;Dec2008, Vol. 118 Issue 12, p38
The author reflects on the systematic risks of the lack of transparency on the $58 billion credit default swaps market. He argues that the lack of evaluation mechanism for overall exposure of certificates of deposit contracts will confuse buyer and trigger the collateral covenants in the...
- Investment Grade Spreads Reach Historic Wides. // High Yield Report;11/10/2008, Vol. 19 Issue 43, p3
The article offers developments in the high-yield investments sector in the U.S. Investors are seen to worry on how corporations will survive the economic downturn and tight credit conditions. Christopher Cox, the chairman of the Securities and Exchange Commission (SEC) states that they are...
- Haines' Swap Warnings. Hume, Lynn // Bond Buyer;4/24/2007, Vol. 360 Issue 32614, p1
The article reports that U.S. Securities and Exchange Commission's municipal securities chief Martha Mahan Haines have warned issuers about swaps and other derivatives. He stresses out that some dealers are pressing issuers to certify they did not rely on any of their investment advice in...