
By Brian Wolak
HUNT VALLEY, Md. -- CarChex has completed a $5 million offering, raising the amount from a single investor. The Hunt Valley, Md. based provider of extended auto warranties and vehicle inspections is led by CEO Jason Goldsmith, who bought the company in 2003 for $15,000. CarChex's inspector network now boasts over 900 inspectors in all fifty states. Goldmith is named in an SEC filing along with Scott...
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By Richard Rabicoff
Legal expenses from an SEC investigation of its A.R. Schmeidler & Co., Inc. (ARS) subsidiary contributed to Hudson Valley Holding Corp.'s (NYSE: HVB) disappointing fourth-quarter performance. In its SEC filing, Hudson Valley indicates that the quarter's non-interest expense of $19 million reflected the SEC's probe of ARS's investment advisory and brokerage practices. Hudson Valley expects the investigation and concomitant legal expenses to and...
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