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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 Alabama and nationwide:

SEC and U.S. Attorney Charge Three Offshore Hackers Manipulating Market
Today the United States Securities and Exchange Commission announced the filing of civil charges against Jaisankar Marimuthu, Chockalingam Ramanath...
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SEC Charges Scott D. Sullivan, WorldCom’s Former Chief Financial Officer, with Engaging in Multi-Billion Dollar Financial Fraud
Washington, D.C., March 2, 2004 — The Securities and Exchange Commission today filed a civil enforcement action against Scott D. Sullivan, t...
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Securities Terms

 


Tuesday's Term

Call

Definition:
An option contract giving the buyer the right but not the obligation to purchase a commodity or other asset or to enter into a long futures position

Hedge Exemption

Definition:
An exemption from speculative position limits for bona fide hedgers and certain other persons who meet the requirements of exchange and CFTC rules.

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.

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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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Alabama Securities Attorney

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

  • Alabaster
  • Albertville
  • Alexander City
  • Anniston
  • Athens
  • Atmore
  • Auburn
  • Bay Minette
  • Bessemer
  • Birmingham
  • Cullman
  • Daphne
  • Decatur
  • Dothan
  • Enterprise
  • Fairhope
  • Florence
  • Fort Payne
  • Gadsden
  • Hartselle
  • Huntsville
  • Madison
  • Mobile
  • Montgomery
  • Opelika
  • Ozark
  • Pelham
  • Phenix City
  • Pinson
  • Prattville
  • Selma
  • Sylacauga
  • Talladega
  • Theodore
  • Trussville
  • Tuscaloosa
  • Wetumpka
 


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