SEC

Industry

SEC halts amber mine pyramid scheme

SEC has filed fraud charges and obtained asset freezes against a worldwide pyramid scheme.

By Staff |October 2, 2015

2 min read

Industry

SEC charges six in stock fraud scheme

The SEC has charged six men, including a father and three sons, with defrauding investors in Gerova Financial Group Ltd., whose shares once traded on the New York Stock Exchange.

By Staff |September 24, 2015

2 min read

Market Insights

Canadian lawyer settling SEC charges in sham microcap case

Canadian lawyer and stock promoter John Briner is settling with the SEC on allegations that he orchestrated a mining stock fraud scheme.

By Staff |September 21, 2015

3 min read

Industry

Citigroup affiliates to pay $180M to SEC

The Securities and Exchange Commission has announced that two Citigroup affiliates have agreed to pay nearly US$180 million to settle charges that they defrauded investors.

By Staff |August 17, 2015

3 min read

SEC busts firm for cherry picking

The SEC has announced fraud charges against a Wisconsin-based investment advisory firm and its owner accused of improperly allocating to his personal and business accounts certain options trades that appreciated in value during the course of a trading day while allocating to his clients other trades that depreciated in value.

By Staff |June 29, 2015

2 min read

SEC charges Deutsche Bank over financial statements filed during crisis

The Securities and Exchange Commission has charged Deutsche Bank AG with filing misstated financial reports during the height of the financial crisis that failed to take into account a material risk for potential losses estimated to be in the billions of dollars.

By Staff |May 26, 2015

2 min read

SEC charges firm for whistleblower retaliation

The SEC has announced a maximum whistleblower award payment of 30% of amounts collected in connection with In the Matter of Paradigm Capital Management, Inc. and Candace King Weir, File No. 3-15930 (June 16, 2014), the SEC’s first retaliation case. The whistleblower will receive more than $600,000 for providing key original information that led to the successful SEC enforcement action. The whistleblower in this matter suffered unique hardships, including retaliation, as a result of reporting to the Commission.

By Staff |May 1, 2015

2 min read

SEC accuses New York advisor of stealing $20M from clients

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.

By Staff |April 17, 2015

2 min read

SEC

SEC halts amber mine pyramid scheme

SEC charges six in stock fraud scheme

Canadian lawyer settling SEC charges in sham microcap case

Citigroup affiliates to pay $180M to SEC

Goldman Sachs pays $7M to settle SEC charges

SEC busts firm for cherry picking

SEC charges Deutsche Bank over financial statements filed during crisis

SEC charges firm for whistleblower retaliation

SEC accuses New York advisor of stealing $20M from clients

SEC announces fraud charges tied to CLO funds