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August 24, 2010
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Securities News

 


Panel on Enron and Developments in Business Ethics Set for Denver 

June 5, 2006 -- When a Houston jury recently convicted Enron's former chief executives of fraud and conspiracy, the director of the Justice Department's Enron Task Force said, "... you can't lie to shareholders, you can't put yourself in front of your employees' interests, and no matter how rich and powerful you are, you have to play by the rules."

O.C. Ferrell, Bill Daniels Distinguished Professor of Business Ethics at the University of Wyoming, got a different perspective when he exchanged views with Ken Lay, the former CEO of Enron, two days after his May 25 conviction.

According to Ferrell, Lay maintains his innocence and feels that he only made decisions that were approved by his lawyers and accountant (Arthur Andersen). In addition, he blames the Enron board of directors for not taking some responsibility for approving many of the decisions made within the company.

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Did You Know?    
 
 
Variation Margin: Payment made on a daily or intraday basis
Variation Margin: Payment made on a daily or intraday basis by a clearing member to the clearing organization based on adverse price movement in positions carried by the clearing member, calculated separately for customer and proprietary positions.

 


  Securities News  
 


Latest news about securities cases in New Hampshire and nationwide:

Former Currency Trader Sentenced To 5 More Years For $3 Billion Ponzi Scheme
MICHAEL J. GARCIA, the United States Attorney for the Southern District of New York, announced that MARTIN A. ARMSTRONG, a former currency trader a...
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Pump & Dump.con: Tips for Avoiding Stock Scams on the Internet
One of the most common Internet frauds involves the classic "pump and dump" scheme. Here's how it works: A company's web site may feature a glowing...
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SEC and NYSE File Settled Action Charging Fidelity Brokerage Services for Violating Federal Securities Laws and NYSE Rules in Connection with Document Alteration and Destruction
Washington, D.C., and New York, Aug. 3, 2004 — The U.S. Securities and Exchange Commission and the New York Stock Exchange today announced t...
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Securities Terms

 


Tuesday's Term

Ponzi Scheme

Definition:
Named after Charles Ponzi, a man with a remarkable criminal career in the early 20th century, the term has been used to describe pyramid arrangements whereby an enterprise makes payments to investors from the proceeds of a later investment rather than from profits of the underlying business venture, as the investors expected, and gives investors the impression that a legitimate profit-making business or investment opportunity exists, where in fact it is a mere fiction.

Carrying Charges

Definition:
Cost of storing a physical commodity or holding a financial instrument over a period of time. These charges include insurance, storage, and interest on the deposited funds, as well as other incidental costs.

Security

Definition:
Generally, a transferable instrument representing an ownership interest in a corporation (equity security or stock) or the debt of a corporation, municipality, or sovereign. Other forms of debt such as mortgages can be converted into securities.

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Securities Resources

 


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Securities Hot Topics

 
Topics Related to Securities:

  • Investment Fraud
  • Stock Fraud
  • Bond Fraud
  • Mutual Fund Fraud

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New Hampshire Securities Attorney

 
If you live in the following cities and need an securities attorney you should contact our Securities Attorney as soon as possible:

  • Bedford
  • Concord
  • Derry
  • Dover
  • Durham
  • Exeter
  • Hampton
  • Hudson
  • Keene
  • Laconia
  • Londonderry
  • Manchester
  • Merrimack
  • Nashua
  • Portsmouth
  • Rochester
  • Salem
 


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