Mary Schapiro is stepping down as chairman of the Securities and Exchange Commission, effective December 14, 2012.
The Securities and Exchange Commission has sanctioned two investment advisory firms for impeding examinations conducted by SEC staff. An SEC investigation found Evens Barthelemy and his New York-based firm Barthelemy Group LLC misled SEC examiners by inflating the firm’s claimed assets under management (AUM) ten-fold in an apparent attempt to show the firm was eligible […]
The SEC has charged an alleged investment adviser in New York for defrauding investors by convincing them to invest in his start-up businesses.
The Securities & Exchange Commission’s second annual report castigates nine registered credit rating agencies, including Standard & Poor’s, Moody’s and Fitch, for irregularities in ratings decisions and undisclosed conflicts of interest. To prevent insider dealing, each of the rating agencies was asked to keep forthcoming rating changes under wraps until formal announcement, says an FT […]
The SEC is proposing capital, margin, and segregation requirements for security-based swap dealers, as well as major security-based swap participants.
A U.S. broker has been charged with stealing money from clients to pay his personal mortgage and travel costs. He also operated a "Ponzi-like" scheme.
The whistleblower who recently reported a multi-million dollar fraud will receive nearly $50,000—the first payout from a new SEC program that rewards people for providing evidence of fraud.
Knight Capital Group—the firm responsible for last week’s stock market mayhem—was offered a US$400 million lifeline from other Wall Street companies yesterday. But, the handout comes at a steep price. Knight says it will get the cash infusion from an investor group led by Jefferies Group, as well as Blackstone, Getco, Stephens, Stifel Nicolaus and […]
A former broker from Orlando, Fla. is being charged with defrauding 14 investors of more than $1 million in an astrology-based Ponzi scheme. The SEC alleges Gurudeo “Buddy” Persaud lured family, friends, and others into investing in his firm, White Elephant Trading Company, by guaranteeing their money would yield lofty returns of between 6% and […]
The SEC is currently investigating George Levin and Frank Preve, Fort Lauderdale residents, for their part in one of South Florida's largest-Ever Ponzi Schemes.