Posts Tagged ‘investor’

KiOR shutting down production at Columbus plant

COLUMBUS — KiOR has halted production at its Columbus plant in December to make improvements and has no plans to resume production during the first quarter of 2014. The company operates a plant in Columbus and plans to open a larger one in Natchez. The legislature approved $75 million in interest-free loans to Kior in […] [...]

State receives settlement involving securities violation

JACKSON — Mississippi has received $34,070 in settlement funds from a state securities violation. Another multi-state investigation by the North American Securities Administrators Association (NASAA), of which includes Mississippi, found RBC Capital Market employees sold securities without properly registering with the Mississippi Secretary of State’s Office. “Registering investment advisors provides confidence to Mississippi citizens when […] [...]

Mississippi Power to account for repayment if Kemper plant construction runs long

KEMPER COUNTY — If Mississippi Power Co. misses a May deadline to complete construction of a $4.3-billion power plant in Kemper County, it will be forced to repay $133 million in federal tax credits. However, the company says that because of accounting rules, it wouldn’t write the amount off from profit and wouldn’t add it […] [...]

BancorpSouth increases dividend for first time in two years

TUPELO — The BancorpSouth Inc. board of directors has declared a quarterly cash dividend of $0.05 per common share, which is a $0.04 per share or 400 percent increase over the company’s previous quarterly dividend payment of $0.01 per common share. The dividend is payable Oct. 1 to shareholders of record at the close of […] [...]

Hosemann files brief against SEC over Morgan Keegan settlement

JACKSON — Secretary of State Delbert Hosemann has filed a brief in support of a lawsuit filed against the Securities and Exchange Commission (SEC) concerning the Morgan Keegan settlement. The case demands the SEC finally distribute millions of dollars in settlement funds to Mississippi investors. “Injured Mississippi investors have been stopped from receiving their own […] [...]

The First accounts for merger, net income down nearly 25 percent

HATTIESBURG — The First Bancshares Inc. reports net income available to common stockholders for the three months ended June 30 amounted to $706,000, or $.18 per diluted share, compared to $931,000, or $.30 per diluted share for the same quarter in 2012, a decrease of $225,000 or 24.2 percent. Net income available to common shareholders […] [...]

Connecticut company buys share of Coast shipyard

GULFPORT — A private equity firm is taking an ownership stake in a Mississippi shipyard group. Littlejohn & Co. of Greenwich, Conn., has bought part of Gulf Coast Shipyard Group, which owns the Trinity Yachts and TY Offshore shipyards in Gulfport and New Orleans. The dollar amount and ownership share were not disclosed. John Dane […] [...]

Bank prices initial public offering at $24 per share

GULFPORT — First NBC Bank Holding Company, the New Orleans-based holding company for First NBC Bank, has priced its initial public offering of 4,166,667 shares of common stock at a price to the public of $24 per share. The common stock has been approved for listing on the NASDAQ Global Select Market, trading under the […] [...]

SEC finally releases Morgan Keegan settlement plan

JACKSON — After repeated requests, the Securities and Exchange Commission has finally announced the proposed plan to distribute Morgan Keegan settlement funds to Mississippi investors, according to the Office of Secretary of State. “For two years, the SEC ignored the pleas of investors to release this money. They desperately need their settlement funds,” says Secretary […] [...]

Grand jury indicts man accused of bilking investors

by Associated Press Published: March 1,2013

Tags: court, fraud, grand jury, hedge fund, indict, indictment, invest, investment, investor, justice, law, legal, scam, scheme

BATON ROUGE, La. — A federal grand jury has indicted a Louisiana man on 18 counts of mail fraud for allegedly executing a $13-million investment fraud scheme. The Advocate reports U.S. Attorney Donald J. Cazayoux Jr. announced yesterday that 57-year-old James R. Holdman, of Baker, La., operated a hedge fund called Greenwing Capital Management, LLC, […] [...]

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