The Securities and Exchange Commission Posts

Netflix CEO Reed Hastings Was Warned By The SEC About A Facebook Post

Netflix CEO Reed Hastings has received a Wells notice from the Securities and Exchange Commission (SEC).  Individuals receive a Wells notice after the SEC wants to give a company a heads-up that they will likely bring action against them.  The Wells notice that Hastings received was because he posted information on his Facebook Page that was not filed with teh SEC.

Groupon Stock Price Starts Plummeting After SEC Probe

The U.S. Securities and Exchange Commission is investigating Groupon restating the fourth-quarter results according to a source with The Wall Street Journal. The SEC’s probe into Groupon is currently in a “preliminary stage.” This would be the third time that the SEC would investigates Groupon since their IPO on November 4th. The news about the investigation has caused Groupon’s stock price to drop about 17% to $15.27.
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SEC Questioning Goldman Sachs About Offering

The U.S. Securities and Exchange Commission (SEC) is questioning Goldman Sachs about their private offering in Facebook. The inquiry is in preliminary stages. The SEC is interested in the structure of the deal. Goldman Sachs is in the process of creating a special $1.5 billion investments vehicle for their clients to invest in Facebook. [New York Times]

Will Goldman’s Investment Vehicle In Facebook Be Ruled Illegal By SEC?

Yesterday I wrote about how Goldman Sachs and DST is investing in Facebook at a $50 billion valuation. The two companies are investing $500 million. It turns out that Goldman Sachs is setting up a “special purpose vehicle” to allow their wealthy clients to invest in Facebook, which is still a private company. However there is an SEC rule that may consider this move illegal.
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Alcatel-Lucent To Pay $137 Million For Bribery

Alcatel-Lucent (NYSE:ALU) is going to be making a payment of over $137 million to settle bribery cases brought forth by U.S. authorities. The case concerns Alcatel-Lucent and its subsidiaries between the 1990s through 2006.
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SEC Investigating Second-Hand Private Company Stock Trading

Even though companies like Facebook, LinkedIn, Twitter, and Zynga are private, you can still buy stock in them. The U.S. Securities and Exchange Commission (SEC) is now investigating the background of this private stock trading and is conducting investigations. The SEC sent out requests for information from the companies that facilitate the private company stock trading.
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SEC Investigating Reasons For Mark Hurd’s Departure From HP

The SEC is investigating the departure of former Hewlett-Packard Company (NYSE:HPQ) CEO Mark Hurd. Hurd is believed to have shared inside information with a former H-P event hostess in 2008 about the company’s $13.9 billion acquisition of EDS.
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Mark Cuban Is Crazy

Mark Cuban is one of the craziest billionaires in the world. He is offering to finance an investigation against himself… The SEC is investigating Cuban for an insider trading case and they told him that their lawyers could take up to 8 months to look into the full investigation. Cuban wants the case to speed up so he is offering to fund part of it himself. The SEC told Mark that they hope to get their lawyers started on the case by next March so that the documents are ready to go by 2012. Cuban would pay the overtime fees for the lawyers or retaining lawyers on a freelance basis. [New York Post]