AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
Former CFC VPs Charged by SEC.(Countrywide Financial Corp.'s former employees Alan Cao and Jun Shi)(Securities and Exchange Commission)(Brief article)
Washington -- The Securities and Exchange Commissioned has charged two former Countrywide Financial Corp. executives with insider trading in a case that sprang from short trading of the company's stock just prior to the public release of disappointing financial results in October of 2004.
The SEC said that former Countrywide executives, Alan Cao of Woodland Hills, Calif., and Jun Shi of Moorpark, Calif., have agreed to pay a total of about $140,00 to settle the civil insider-trading charges.
The SEC alleges that the two traded Countrywide stock while aware of confidential information about third-quarter 2004 financial performance. Specifically, the two sold or shorted shares before Countrywide announced a decline in earnings and lowered its guidance, causing the company's share price to fall about 11% on Oct. 20, 2004.
The settlement required the two men to give up money improperly gained ...
- Countrywide's brass is quick to shed shares.(Up Front)(Countrywide Financial...
- Magazine article from: Los Angeles Business Journal Leffall, Jabulani March 26, 2007 700+ words
Countrywide Financial Corp. executives have sold more than $315 million in shares since August...executives ahead of bad news. Last year former Countrywide managers Alan Cao and Jun Shi settled an SEE lawsuit alleging that in 2004 the pair...
- CNB Financial Corp. to Begin Discussions with United Financial Bancorp, Inc....
- Press release article from: Business Wire May 29, 2009 700+ words
WORCESTER, Mass. -- CNB Financial Corp. (OTCBB:CFNA), parent...each outstanding share of CNB Financial Corp. for $10.25 per share in...elections by the shareholders. CNB Financial Corp. also will commence discussions...
- BT FINANCIAL CORP. REPORTS RESULTS
- Press release article from: PR Newswire July 23, 1992 700+ words
BT FINANCIAL CORP. REPORTS RESULTS JOHNSTOWN, Pa., July 23 /PRNewswire/ -- BT Financial Corp. (NASDAQ-NMS: BTFC) said today...lower level of economic activity in BT Financial Corp.'s market region. Despite uncertainty...
- (OTCBB:CFNA) CNB Financial Corp just released some important news.
- Press release article from: M2 Presswire December 12, 2008 700+ words
...2008-Stockwire.com: (OTCBB:CFNA) CNB Financial Corp just released some important news.(C)1994...COMMUNICATIONS LTD RDATE:12122008 (OTCBB:CFNA) CNB Financial Corp - CNB Financial Corp. Announces Plan to Hold Special Meeting A...
- Financial Corp. of Santa Barbara reports recent developments regarding...
- Press release article from: PR Newswire May 30, 1990 700+ words
FINANCIAL CORP. OF SANTA BARBARA REPORTS RECENT...Calif., May 30 /PRNewswire/ -- Financial Corp. of Santa Barbara (NYSE: FSB...Association, the principal subsidiary of Financial Corp. This action followed the appointment...
- CNB Financial Corp. Receives a Proposal from United Financial Bancorp, Inc.
- Press release article from: Business Wire May 13, 2009 700+ words
WORCESTER, Mass. -- CNB Financial Corp. (OTCBB:CFNA), parent...each outstanding share of CNB Financial Corp. for $10 per share in a transaction...announced, on April 29, 2009, CNB Financial Corp. entered into a definitive...
- First Defiance Financial Corp. Receives Regulatory Approval for ComBanc...
- Press release article from: PR Newswire December 30, 2004 700+ words
First Defiance Financial Corp. announced that it has received...which is adjacent to First Defiance Financial Corp.'s northwest Ohio market area...President and CEO of First Defiance Financial Corp. "It is consistent with our strategy...
- BT Financial Corp. reports earnings.
- Press release article from: PR Newswire February 4, 1988 700+ words
BT FINANCIAL CORP. REPORTS EARNINGS JOHNSTOWN, Pa...PRNewswire/ -- Total assets of BT Financial Corp. (NASDAQ: BTFC) at year-end...of common stock during 1986. BT Financial Corp.'s increased earnings for the...
Source: HighBeam Research, Former CFC VPs Charged by SEC.(Countrywide Financial Corp.'s former...