Thursday, September 9, 2010
Thanks to a neighbor for scouring the Internet to find the City of Newport News fiscal year 2011 budget. City officials in Newport News have kept their vision for its citizens and tourists. They successfully run Newport News Golf Club at Deer Run. The fund breaks even as best as I can read this. CLICK on the images twice to enlarge.Filed Under: Technology 3 Comments
Wednesday, June 30, 2010
Washington, D.C., June 30, 2010 — The Securities and Exchange Commission today voted unanimously to approve new rules to significantly curtail the corrupting influence of “pay to play” practices by investment advisers. Pay to play is the practice of making campaign contributions and related payments to elected officials in order to influence the awarding of [...]
Comments Off Read full story »
Thursday, June 24, 2010
The Federal Deposit Insurance Corporation’s (FDIC’s) Advisory Committee on Economic Inclusion (ComE-IN) will meet on today, Thursday, June 24th, to discuss the results of the FDIC’s small-dollar loan pilot program (the pilot). The pilot, launched in 2008, was a two-year case study designed to illustrate the feasibility of banks offering affordable small-dollar loans as an [...]
Comments Off Read full story »
Wednesday, June 23, 2010
Washington, DC – Following a meeting of the CFTC-SEC Joint Advisory Committee on Emerging Regulatory Issues, Commodity Futures Trading Commission Chairman Gary Gensler today commented on the status of the Wall Street Transparency and Accountability Act of 2010. Commenting on the Wall Street reform bill that is currently in conference committee, Chairman Gensler said: “The [...]
Comments Off Read full story »
Friday, May 21, 2010
RICHMOND (May 21, 2010) – Attorney General Ken Cuccinelli and federal and state officials today announced the creation of the Virginia Financial and Securities Fraud Task Force, an unprecedented partnership between criminal investigators and civil regulators to investigate and prosecute complex financial fraud cases in Virginia and the nation. The attorney general, Neil MacBride – [...]
Comments Off Read full story »
Tuesday, May 18, 2010
The SEC staff is working with the markets to consider recalibrating market-wide circuit breakers currently on the books — none of which were triggered on May 6 when the DOW dropped 1000 points in minutes. These circuit breakers apply across all equity trading venues and the futures markets. The SEC is seeking comment on stock-by-stock [...]
Comments Off Read full story »
Tuesday, May 18, 2010
RICHMOND (May 18, 2010) — Attorney General Kenneth T. Cuccinelli, II filed a lawsuit today against CNC Financial Services, Inc., doing business as Cash-N-A-Flash, a Hampton-based auto “title lender,” for charging interest rates of 300 percent or more on its loans, in violation of Virginia’s Consumer Finance Act. The alleged violations occurred during the period [...]
Saturday, May 15, 2010
RICHMOND (May 14, 2010) — Attorney General Ken Cuccinelli, joined by 22 other state attorneys general, today urged Internet message board host Topix.com to improve consumer protections and eliminate its $19.99 fee for “priority review” of abusive or inappropriate posts. In a letter to Topix CEO Chris Tolles, the attorneys general expressed their concerns with [...]
Comments Off Read full story »
Friday, May 7, 2010
Washington, D.C., May 7, 2010 — The Securities and Exchange Commission and the Commodity Futures Trading Commission today released the following statement: “We are continuing to review the unusual trading activity that took place briefly yesterday afternoon to pinpoint its cause and contributing factors. “Since yesterday, we have been in regular contact with other financial [...]
Tuesday, April 20, 2010
Washington, D.C., April 20, 2010 — The Securities and Exchange Commission today charged a Staten Island, N.Y.-based investment advisory firm, its owner, and four associates with operating an Internet-based scam that misleads investors into paying fees for phony stock tips and investment advice from fictional trading experts. The SEC obtained an emergency court order to [...]
Comments Off Read full story »
Friday, April 16, 2010
Washington, D.C., April 16, 2010 — The Securities and Exchange Commission today charged Goldman, Sachs & Co. and one of its vice presidents for defrauding investors by misstating and omitting key facts about a financial product tied to subprime mortgages as the U.S. housing market was beginning to falter. Litigation Release No. 21489 SEC Complaint [...]
Comments Off Read full story »
Wednesday, April 14, 2010
Today, April 14 the SEC proposed the latest in an ongoing effort to promote fairness and efficiency in the markets. Other rules proposed recently to increase fairness and efficiency include a proposed ban on marketable flash orders, a proposal to bring greater transparency to dark pools of liquidity, and a proposal to prohibit unfiltered access [...]
Comments Off Read full story »
Wednesday, March 10, 2010
HB655 on Ethics passed Wednesday afternoon. An amendment failed 18-21 by Chesterfield Republican Senator Stephen Martin who attempted to add to language that withholds complaints 60-days prior to “any nominating event.” The language of the bill in its current form only includes primaries. However, if a complaint is filed 60 or fewer days before a primary or [...]
Comments Off Read full story »
Tuesday, December 8, 2009
On Dec 11th, Councilman Trinkle withdrew his property from consideration for receiving funds as part of the Recovery Act. The deadline was December 15 when award of the stimulus funding discussion began at Monday’s council briefing. It was time to award Roanoke’s piece of the Recovery Act pie. The bonds must be issued by March [...]
Saturday, December 5, 2009
Council member Court Rosen on September 1 communicated directly with one of the responders to the Request For Proposal (RFP) to manage Countryside Golf Course. In an email exchange with Meadowbrook’s Vice-President of Operations, Scott Beasley, Rosen wrote to Beasley: “You are asking someone who does not believe we should, as a city, own the course. [...]
