Raymond James Financial Incorporated’s primary broker dealers, Raymond James & Associates (RJA) and Raymond James Financial Services, Inc. (RJFS) remain subject to ongoing examinations by the U.S. Securities and Exchange Commission and the New York Attorney General’s Office.
The investigations…
AMCORE Financial, Inc.’s remaining contingent liability is US$338,000 in relation with the initial public offering of VISA, Inc.
During fourth quarter 2007, as a member of the VISA, Inc. organization, the Company accrued a US$653,000 liability for its proportionate share of…
The second amended derivative complaint in the consolidated case captioned In Re Affiliated Computer Services Federal Derivative Litigation filed against Affiliated Computer Services Inc. remains pending in the U.S. District Court for the Northern District of Texas.
Several derivative lawsuits have…
BGC Partners Inc. continues to cooperate with the U.S. Securities and Exchange Commission in its investigation on trading by certain inter-dealer brokers in the government and fixed income securities markets.
On Feb. 15, 2006, the SEC issued the formal order of…
The Phoenix Companies, Inc. is evaluating the Boston District Office of the U.S. Securities and Exchange Commission’s compliance examination on certain of the Company’s affiliates.
In 2005, the Boston District Office of the SEC completed a compliance examination of certain of…
BGC Partners Inc.’s subsidiaries, BGCI and BGC Capital Markets (Japan) LLC, continue to investigate the legal and factual basis of National Australia Bank Ltd.’s allegations relating to revaluation rates made by the subsidiaries.
In September 2005, the National Australia Bank Ltd.…
The Phoenix Companies, Inc. continues to face disputes over claims relating to contracts assumed in its reinsurance operations.
In 1999, the Company discontinued its reinsurance operations through a combination of sale, reinsurance and placement of certain retained group accident and health…
The Phoenix Companies, Inc., says in its latest quarterly report filed with the U.S. Securities and Exchange Commission, that the Company did not receive any further inquiry since responding to the subpoena from the Connecticut Attorney General’s office and an…
The Phoenix Companies, Inc. and SCM Advisors, LLC are facing an arbitration commenced with the American Arbitration Association by former institutional clients, Forethought Investment Management, Inc., Forethought Life Insurance Company, Forethought Life Assurance Company and Forethought Financial Group, Inc.
SCM…
The lawsuit filed by International Acquisitions Services, Inc., Innovative Transportation Systems AG, and Neville Chamberlain against Energy Conversion Devices, Inc. was resolved in June 2008 with a payment of US$925,000 made to IAS.
The action, filed in Nassau County, New York…