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SECURITIES AND EXCHANGE COMMISSION: Former REIT Manager and Executives to Settle SEC Charges for More Than $60 Million
The Securities and Exchange Commission charged AR Capital LLC, its founder Nicholas S. Schorsch, and its former CFO Brian Block with wrongfully obtaining millions of dollars in connection with two separate mergers between real estate investment trusts (REITs) that were sponsored and externally managed by AR Capital.
SECURITIES AND EXCHANGE COMMISSION: Nomura to Pay Misled Bond Customers $25 Million to Settle SEC Charges
The Securities and Exchange Commission instituted two related enforcement actions against Nomura Securities International Inc., which has agreed to repay approximately $25 million to customers for its failure to adequately supervise traders in mortgage-backed securities.
SECURITIES AND EXCHANGE COMMISSION: Sara Cortes and David Bartels Named Deputy Chief Counsels of the Division of Investment Management
The Securities and Exchange Commission today announced that Sara Cortes and David P. Bartels have been named Deputy Chief Counsels of the Division of Investment Management.
SECURITIES AND EXCHANGE COMMISSION: Merrill Lynch to Pay Over $8 Million for Improper Handling of ADRs
The Securities and Exchange Commission announced that Merrill Lynch, Pierce, Fenner & Smith Incorporated will pay over $8 million to settle charges of improper handling of “pre-released” American Depositary Receipts (ADRs).
SAN FRANCISCO (Legal Newsline) – The Securities and Exchange Commission (SEC) has filed a complaint in the U.S. District for the Northern District of California, charging that Volkswagen AG, two of its subsidiaries and a former CEO defrauded bond investors through a "clean diesel" emissions fraud scheme.
The Securities and Exchange Commission announced that Wedbush Securities Inc. will pay a $250,000 penalty and has agreed to be censured to settle its failure to supervise charge in a pending administrative proceeding.
SECURITIES AND EXCHANGE COMMISSION: SEC Charges Registered Investment Adviser and Former Chief Operating Officer With Defrauding Client
The Securities and Exchange Commission charged Talimco LLC, a registered investment adviser, and Grant Gardner Rogers, the former chief operating officer of the firm, with manipulating the auction of a commercial real estate asset on behalf of one client for the benefit of another.
SECURITIES AND EXCHANGE COMMISSION: BB&T to Return More Than $5 Million to Retail Investors and Pay Penalty Relating to Directed Brokerage Arrangements
The Securities and Exchange Commission today announced that BB&T Securities has agreed to return more than $5 million to retail investors and pay a $500,000 penalty to settle charges that a firm it acquired misled its advisory clients into believing they were receiving full service brokerage services in-house at a discount while significantly less expensive options were available externally.
The Securities and Exchange Commission announced that Gabriel Benincasa has been named the Commission’s first Chief Risk Officer.
SECURITIES AND EXCHANGE COMMISSION: SEC Celebrates African American History Month with Presentation by Award-Winning Filmmaker
The Securities and Exchange Commission celebrated African American History Month with events in its Regional Offices and a presentation by scholar and award-winning filmmaker Dr. Henry Louis Gates, Jr. to discuss his latest documentary series, “Reconstruction: America After the Civil War,” at the agency’s headquarters in Washington, D.C.