The SEC has announced fraud charges against a New York City-based financial advisor accused of stealing at least $20 million from customers to fund his own brokerage accounts and then squandering the bulk of the money in highly unprofitable options trading.
The Securities and Exchange Commission has announced fraud charges against an investment adviser and her New York-based firms.
Compliance roundup
SEC chair Mary Jo White has addressed criticisms the regulator isn’t as harsh with the big banks as it should be, reports the New York Times’ DealB%k.
The Securities and Exchange Commission has suspended trading in 128 inactive companies.
The Securities and Exchange Commission has charged Goodyear Tire & Rubber Company with violating the Foreign Corrupt Practices Act (FCPA) when its subsidiaries paid bribes to land tire sales in Kenya and Angola.
Last month Reuters reported on a possible Samsung buyout of BlackBerry. Just before that story ran, there was a spike in BlackBerry options trading. The SEC is now investigating, according to Reuters.
In late December, the U.S. SEC approved a FINRA background check proposal related to new and newly hired registrants.
The National Whistleblower Center is calling on government’s around the world to enact whistleblower laws
Alayne Fleischmann, witness in the case against JPMorgan Chase, says banks are getting away with too much.