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July 20, 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?    
 
 
Transfer Trades: Entries made upon the books of Futures Commission Merchants
Transfer Trades: Entries made upon the books of Futures Commission Merchants for the purpose of: (1) transferring existing trades from one account to another within the same firm where no change in ownership is involved; (2) transferring existing trades from the books of one FCM to the books of another FCM where no change in ownership is involved. Also called Ex-Pit Transactions.

 


  Securities News  
 


Latest news about securities cases in Nebraska and nationwide:

SEC Institutes Enforcement Action Alleging Pump-and-Dump Scheme
The Securities and Exchange Commission today announced the institution of administrative and cease-and-desist proceedings against Winter Park, Fla....
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SEC Charges 14 In Wall Street Insider Trading Ring
The U.S. Securities and Exchange Commission today charged 14 defendants in a brazen insider trading scheme that netted more than $15 million in ill...
Read more >


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Securities Terms

 


Tuesday's Term

Basis Swap

Definition:
A swap whose cash settlement price is calculated based on the basis between a futures contract and the spot price of the underlying commodity or a closely related commodity on a specified date.

Buy (or Sell) On Close

Definition:
To buy (or sell) at the end of the trading session within the closing price range.

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.

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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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Nebraska Securities Attorney

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

  • Alliance
  • Beatrice
  • Bellevue
  • Blair
  • Columbus
  • Fremont
  • Gering
  • Grand Island
  • Hastings
  • Kearney
  • La Vista
  • Lexington
  • Lincoln
  • Norfolk
  • North Platte
  • Omaha
  • Papillion
  • Plattsmouth
  • Scottsbluff
  • South Sioux City
 


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