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February 27, 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 Connecticut and nationwide:

Former Currency Trader Sentenced To 5 More Years For $3 Billion Ponzi Scheme
MICHAEL J. GARCIA, the United States Attorney for the Southern District of New York, announced that MARTIN A. ARMSTRONG, a former currency trader a...
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Pump & Dump.con: Tips for Avoiding Stock Scams on the Internet
One of the most common Internet frauds involves the classic "pump and dump" scheme. Here's how it works: A company's web site may feature a glowing...
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U.S. Charges Ex-Worldcom Ceo Bernard Ebbers; Former Worldcom Cfo Scott Sullivan Pleads Guilty

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Securities Terms

 


Saturday's Term

Buy (or Sell) On Close

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

Basis Grade

Definition:
The grade of a commodity used as the standard or par grade of a futures contract.

Arbitrage

Definition:
A strategy involving the simultaneous purchase and sale of identical or equivalent commodity futures contracts or other instruments across two or more markets in order to benefit from a discrepancy in their price relationship. In a theoretical efficient market, there is a lack of opportunity for profitable arbitrage. See Spread.

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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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Connecticut Securities Attorney

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

  • Branford
  • Bridgeport
  • Bristol
  • Cheshire
  • Danbury
  • East Hartford
  • East Haven
  • Enfield
  • Fairfield
  • Glastonbury
  • Greenwich
  • Groton
  • Guilford
  • Hamden
  • Hartford
  • Manchester
  • Meriden
  • Middletown
  • Milford
  • Naugatuck
  • New Britain
  • New Haven
  • New London
  • New Milford
  • Newington
  • North Haven
  • Norwalk
  • Norwich
  • Ridgefield
  • Shelton
  • South Windsor
  • Southington
  • Stamford
  • Stratford
  • Torrington
  • Trumbull
  • Vernon Rockville
  • Wallingford
  • Waterbury
  • West Haven
  • Westport
  • Wethersfield
  • Windsor
 


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