WASHINGTON (Legal Newsline) — The Securities and Exchange Commission (SEC) announced Aug. 16 that it has charged seven individuals with allegations of insider trading and the generation of millions in profits by trading on confidential information regarding mergers and acquisitions.
WASHINGTON (Legal Newsline) — The Securities and Exchange Commission (SEC) announced Aug. 2 that Joe Yiu Cheung, an alleged overseas stock manipulator, will pay close to $800,000 and be barred from the penny stock industry.
WASHINGTON (Legal Newsline) — The Securities and Exchange Commission announced July 12 that it has charged Fei Yan, a research scientist, with insider trading.
WASHINGTON (Legal Newsline) — The Securities and Exchange Commission announced July 12 that it has charged 13 individuals involved in two alleged cold calling scams that bilked more than a hundred victims out of more than $10 million.
WASHINGTON (Legal Newsline) — The Securities and Exchange Commission (SEC) announced June 30 that it has filed charges against Renwick Haddow, a British citizen living in New York, for allegations of bilking investors in two different companies.
WASHINGTON (Legal Newsline) — The Securities and Exchange Commission (SEC) announced June 28 that Penn West Petroleum Ltd. and three former top finance executives have been charged with accounting fraud.
WASHINGTON (Legal Newsline) — The Securities and Exchange Commission (SEC) announced June 22 that it is adding additional charges in a case involving improper handling of American Depositary Receipts (ADRs) by a Wall Street firm’s securities lending desk.
Last month, the U.S. Department of Labor released a measure officially delaying the implementation of the rule and its related exemptions by 60 days. The applicability date is now June 9. Some argue a longer delay is necessary, while others contend the U.S. Securities and Exchange Commission should step in and craft a better rule.
WASHINGTON (Legal Newsline) — The Securities and Exchange Commission (SEC) announced May 4 that Jay Clayton has been sworn into office as the 32nd chairman of the SEC by U.S. Supreme Court Justice Anthony M. Kennedy.
WASHINGTON (Legal Newsline) — The Securities and Exchange Commission (SEC) announced May 4 that Verto Capital Management and CEO William Schantz III will pay roughly $4 million after allegations of conducting a Ponzi scheme.
WASHINGTON (Legal Newsline) — The Securities and Exchange Commission (SEC) announced April 24 that the two former executives at Hungarian-based telecommunications company Magyar Telekom will a pay a total of $400,000 to settle allegation of violating the Foreign Corrupt Practices Act (FCPA).
WASHINGTON (Legal Newsline) — The Securities and Exchange Commission (SEC) announced Feb. 17 that it had signed an information-sharing agreement with the North American Securities Administrators Association (NASAA).
WASHINGTON (Legal Newsline) – The Securities and Exchange Commission (SEC) announced Feb. 14 that it charged Terminus Energy, a California-based penny stock company, and four corporate officers with allegations of misleading investors.
WASHINGTON (Legal Newsline) – The Securities and Exchange Commission (SEC) announced Feb. 10 that it obtained an emergency court order freezing brokerage accounts amassed by Shaohua (Michael) Yin in the wake of Comcast Corp.’s acquisition of DreamWorks Animation SKG Inc. after allegations of insider trading.
WASHINGTON (Legal Newsline) — The Securities and Exchange Commission (SEC) announced Feb. 14 that Morgan Stanley Smith Barney will pay $8 million and admit wrongdoing after allegations related to single inverse ETF investments it recommended to advisory clients.
DENVER (Legal Newsline) – If left intact by the U.S. Supreme Court or new presidential regime, the Dec. 27 decision by the U.S. Court of Appeals for the 10th Circuit regarding the use of administrative law judges could cause a tectonic shift in the legal powers of bureaucracies and may undo a wide range of decisions handed down during prior cases.
WASHINGTON (Legal Newsline) — The Securities and Exchange Commission (SEC) announced Jan. 17 that Allergan Inc. will pay $15 million in penalties after allegedly violating securities law when failing to make proper disclosures after a hostile takeover bid.
WASHINGTON (Legal Newsline) — The Securities and Exchange Commission (SEC) announced Jan. 17 that 10 investment advisory firms will pay between $35,000 and $100,000 each in penalties after allegations of violating the SEC’s investment adviser pay-to-play rule.
WASHINGTON (Legal Newsline) — The Securities and Exchange Commission (SEC) announced Jan. 11 that L3 Technologies Inc., a contractor for U.S. and various foreign government agencies, will pay $1.6 million after allegations of failing to maintain proper books and records.
The Securities and Exchange Commission announced Dec. 19 charges against Mark Nordlicht, founder of Platinum Partners and two of its flagship hedge funds.
