The SEC has announced charges and an asset freeze against a man who was allegedly defrauding foreign investors.
The SEC has charged a husband and wife who raised millions of dollars selling investments for a purported charitable organization in Tallahassee, Fla., while defrauding senior citizens and significantly exaggerating the amount of contributions actually made to charity.
The SEC has charged five former real estate executives with defrauding investors.
The SEC has charged an advisor in Boca Raton, Fla. with illegally tipping inside information he learned about the upcoming sale of a pharmaceutical company in exchange for $35,000 and a jet ski dock.
The rumour mill is buzzing with news President Obama will nominate former U.S. attorney Mary Jo White as chair of the SEC, reports Forbes. White would replace Mary Schapiro and Elisse Walter. Read: Mary Schapiro leaving SEC From 1993 to 2002, White was the an attorney for the Southern District of New York. Read more. […]
The SEC has charged three former executives of the Bank of the Commonwealth.
The Securities and Exchange Commission has announced that enforcement director Robert Khuzami will leave the agency. The New York Times says his departure marks the end of “an important chapter in the history of the agency.” It adds that SEC was both praised for coming down on Wall Street’s largest banks after the financial crisis, […]
The Securities and Exchange Commission (SEC) has charged a Toronto-based brokerage firm and its top two executives for failing to supervise overseas day traders who used the firm’s order management system to engage repeatedly in a manipulative trading practice known as layering. In layering, a trader places orders with no intention of having them executed […]
A whistleblower is alleging that multi-billion dollar securities violations have occurred at Deutsche Bank.
The U.S. Securities and Exchange Commission has charged the Chinese affiliates of Deloitte, Ernst & Young, KPMG, PwC and BDO with violating the U.S. Securities Exchange Act. By refusing to produce paperwork related to investigations into accounting fraud, these firms ran afoul of securities laws, says an FT report. The move has brought the spotlight […]