SEC charges host of entrepreneur talk radio show

The Securities and Exchange Commission charged Thursday a host of a talk radio show aimed at entrepreneurs and two other executives at a Monterey, Calif.-based firm with misappropriating $2.5 million of approximately $7 million they raised through the fraudulent sale of interests in two real estate investment funds. The SEC alleges that Barbra Alexander, the […]

Obama repeals SEC's FOIA exemption

Dunstan Prial of reports Wednesday that President Barack Obama signed into law a piece of legislation that repealed the Securities and Exchange Commission‘s Freedom of Information Act exemption that had been included in this summer’s financial services reform legislation. The exemption had drawn criticism from the Society of American Business Editors and Writers and […]

House passes bill taking away SEC's FOIA exemption

The House of Representatives passed a bill Thursday that would eliminate the Freedom of Information Act exemption for the Securities and Exchange Commission included in this year’s financial services reform regulation. The exemption was cited this summer by the SEC in denying a records request by Fox Business Network. Since then, business journalism groups such […]

SEC chief defends FOI provision

Securities and Exchange Commission Chairman Mary Schapiro said a controversial section of the new Wall Street reform bill dealing with Freedom of Information Act requests will sharpen its ability to investigate wrong-doers, reports Dunstan Prial of Fox Business. The provision has drawn criticism from business journalists, who say that it limits their ability to get […]

Fox Biz attorney testifies Thursday regarding SEC and disclosure

Steven Mintz, the outside counsel for Fox Business Network, is speaking Thursday to the Committee on Financial Services in the House of Representatives about the Freedom of Information exemption that was inserted into the financial regulation law that was enacted earlier this year. Fox Business Network is upset that the exemption is being used by […]

Attorney for Fox Business to testify before Congress

TALKING BIZ NEWS EXCLUSIVE Fox Business Network‘s outside legal counsel Steve Mintz has been invited to testify at the Financial Services Committee hearing this Thursday about the changes to the Freedom of Information Act requirements of the Securities and Exchange Commission due to the financial services reform bill that became law this summer. Mintz will […]

When biz journalist's sources get subpoenaed

Felix Salmon of Reuters writes Wednesday about the recent action by the Securities and Exchange Commission to subpoena e-mails between sources Sam Antar and Barry Minkow and business journalists. Salmon writes, “If the SEC were to ask Antar for emails he sent to his lawyer, he could simply refuse, on the grounds that such communications […]

SEC going after e-mails between biz reporters and whistleblowers

Gary Weiss writes on that the Securities and Exchange Commission wants correspondence between two Dow Jones Newswires reporters and Sam Antar and Barry Minkow, two guys who were once involved in stock frauds but now spend their time trying to expose such shenanigans. Weiss writes, “What gives this little-known story—here’s the only press coverage—a […]

New SEC chair Schapiro says she respects work of biz journalists

TALKING BIZ NEWS EXCLUSIVE New Securities and Exchange Commission chairwoman Mary Schapiro said Monday that she respects the work of business journalists, but she stopped short of saying her organization would not subpoena business journalists for an investigation. “It’s a very hard question,” said Schapiro at the annual conference of the Society of American Business […]

Regulators probing Dow Jones insider trading

The New York attornety general’s office and the Securities and Exchange Commission are investigating possible illegal insider trading in Dow Jones & Co. stock before it was revealed that the owner of The Wall Street Journal, Barron’s and Marketwatch had received a $5 billion offer from News Corp. Karen Scannell of the Journal wrote, “A […]