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  • bestareahead bestareahead May 9, 2011 5:30 PM Flag

    Kevin Chen (CFA, MBA) - Must read

    In addition,let me tell you two more RECENT scandals with american companies.CASH (meta financial group) and HERO (Hercules Offshore).Actually the list is huge with scandals of the last 12 months!

    Why don't you sell Wells Fargo and RIG shares then after such scandals with CASH and HERO ?

    in terms of CASH

    The complaint accuses the defendants of violations of the Securities Exchange Act of 1934 by virtue of the Company's failure to disclose during the Class Period that it had engaged in unfair or deceptive acts or practices in violation of Section 5 of the Federal Trade Commission Act and the OTS Advertising Regulation in connection with the Bank's operation of its iAdvance program.

    in terms of HERO

    NEW YORK--(BUSINESS WIRE)-- MURRAY, FRANK & SAILER LLP is investigating potential securities fraud claims against Hercules Offshore, Inc. (“Hercules” or the “Company”) (NASDAQ:HERO - News) and certain of its officers and directors, on behalf of shareholders of Hercules.

    The investigation concerns violations of the Foreign Corrupt Practices Act (“FCPA”) and the Securities Exchange Act of 1934 (the “Exchange Act”), which allegedly occurred when Hercules failed to disclose certain material information about its business practices to shareholders.

    i can write many similar examples with american companies if you want.Just let me know.

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