With the recent filing with the SEC for an initial public stock offering by LPL Financial Corp., it remains to be seen what impact, if any, the move will have on the company's more than 230 credit union clients.
Charlene M. Pickhinke, a former MetaBank employee, who pled guilty in July 2009 in a case involving $4 million in stolen CD deposits from credit unions and others, is scheduled to be sentenced this month.
It remains to be seen what impact, if any, the 230 credit unions served by LPL Financial Corp. will feel as the company recently filed with the SEC for an initial public stock offering.
The SEC said ATM provider Diebold Inc. has agreed to settle an alleged fraudulent accounting case that inflated the company's earnings by at least $127 million.
Based on a preliminary review, the SEC and the Commodity Futures Trading Commission said they found no evidence of "fat finger" errors, computer hacking, or terrorist activity involved in the May 6 market drop.
The SEC and the Commodity Futures Trading Commission said a preliminary review showed that there were no "fat finger" errors, computer hacking, or terrorist activity involved in the May 6 market drop.
Huddled in a room last week, SEC Chairman Mary Schapiro met with the leaders of the six exchanges to get to the bottom of what caused unusual trading activity and enormous stock market selloff on May 6.
Rapid asset growth had proved to be a problem for MaPS Credit Union.
Under a new SEC proposal, large traders would be issued a unique identification number so that their broker-dealers could maintain transaction records in an effort to stop illegal trading activity.
Yesterday's strange trading activity during the market's large sell-off is no surprise given the strong recoveries for most indexes as of late.