Archive for February, 2011

Top SEC lawyer did not recuse himself on Madoff (Reuters)

Reuters – The top attorney for the U.S. securities regulator was advised not to recuse himself from handling Bernard Madoff matters for the agency, even though his family’s estate had invested with the swindler.

Easing oil prices, deal news send stocks higher (AP)

AP – Stabilizing oil prices and more signs of a stronger economy sent stocks sharply higher Monday. The Standard and Poor’s 500 index had its best start of any year since 1998.

SEC charges defense contractor, 3 ex-directors (AP)

AP – Federal regulators on Monday charged a U.S. defense contractor and three of its former board members with accounting fraud, saying the company overstated earnings to investors.