SEC

Washington, D.C., Aug. 11, 2008 — The Securities and Exchange Commission today announced the distribution of more than $48 million to more than 12,000 investors who were victims of fraudulent financial reporting by media conglomerate Vivendi Universal, S.A. Investors receiving checks reside in the United States and in 15 other countries. More than half bought their Vivendi stock on foreign exchanges and are receiving their Fair Fund distribution in euros.

"Today we are able to provide financial remediation to investors who were misled by Vivendi's false financial reporting," said David Nelson, Regional Director of the Commission's Miami Regional Office. "I am particularly gratified that we have been able to identify and help investors not just in this country, but overseas as well."    » read more »

First Results of March 2008 SEC-CFTC Memorandum of Understanding

Washington, D.C., June 3, 2008 — The Securities and Exchange Commission and the Commodity Futures Trading Commission (CFTC) today announced that each has approved the trading and clearing of two novel derivative products — futures and option contracts based on shares of the SPDR® Gold Trust (Gold Trust), an exchange traded fund (ETF). The SEC approved trading in options on the Gold Trust shares and the CFTC approved trading in futures on them.    » read more »

June 3, 2008 -- Several college football matchups have been determined involving SEC and ACC teams for telecasts in 2008 on ABC, ESPN, ESPN2, ESPNU and ESPN360.com. Highlights include:

* Saturday Night Football on ABC, the first weekly college football primetime series on broadcast television, will kick off its third season with Alabama vs. Clemson at the Georgia Dome in Atlanta on August 30 at 8 p.m. ET. The showdown between SEC and ACC power programs will mark the first meeting between the schools since 1975. Another Saturday Night Football telecast will pit defending SEC East Champion Georgia at Arizona State, coming off a 10-3 season and a Holiday Bowl appearance, on September 20 at 8 p.m.    » read more »

Washington, D.C., May 30, 2008 — The Securities and Exchange Commission today charged Massachusetts high-tech company Analog Devices, Inc. and its CEO Jerald Fishman for reporting false compensation and related financial information to investors by backdating stock option grants to officers, directors and employees.

Without admitting or denying the SEC's findings, Analog and Fishman agreed to settle charges against them by consenting to the entry of an administrative cease-and-desist order.    » read more »

Washington, D.C., May 14, 2008 — The Securities and Exchange Commission today filed a settled enforcement action charging Willbros Group, Inc. and four former employees with violations of the Foreign Corrupt Practices Act (FCPA), alleging that they paid more than $6 million in undisclosed bribes to Nigerian government officials and others to obtain significant contracts for the Houston-based company.    » read more »

Washington, D.C., May 14, 2008 — The Securities and Exchange Commission today filed securities fraud charges against the promoters of an $18 million real estate investment scheme targeting the African-American community in the Los Angeles area and other locations in Nevada and Georgia.    » read more »

Washington, D.C., May 14, 2008 — The Securities and Exchange Commission today charged two current and two former top officers of Irvine, Calif.-based Broadcom Corporation for their alleged participation in a five-year systematic scheme to secretly backdate stock options granted to virtually all Broadcom officers and employees.

Broadcom: Photo by Nate McBean (CC)    » read more »