Lennar results suffer in housing slump
NEW YORK (Reuters) - Lennar Corp (nyse: LEN - news - people ), the second-largest U.S. home builder, Thursday reported a smaller quarterly net loss on lower expenses, but the results were worse than expected as deliveries and new orders tumbled. The ...
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6 million to more than 250 investors in the Banc of America Securities LLC (BAS) settlement. Without admitting or denying the Commission's findings, Scottrade agreed to pay a $950,000 penalty to settle the SEC's charges.Securities and Exchange Commission Chairman Christopher Cox today announced the kickoff of an ambitious effort to examine fundamental questions about the way the SEC acquires information from public companies, mutual funds, brokers, and other regulated entities, and the way it makes that information available to investors and the markets. In March 2007, BAS paid $26 million in disgorgement and penalties to settle SEC charges that the firm published false research on three companies and failed to safeguard its nonpublic research information..ArrayThe Securities and Exchange
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