SEC

Industry

SEC charges real estate execs over Ponzi scheme

The SEC has charged five former real estate executives with defrauding investors.

By Staff |February 1, 2013

3 min read

Industry

SEC charges advisor for tipping inside info

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.

By Staff |January 28, 2013

3 min read

Industry

Who will head SEC?

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. […]

By Wire services |January 22, 2013

1 min read

Industry

SEC charges former bank execs over loan losses

The SEC has charged three former executives of the Bank of the Commonwealth.

By Staff |January 18, 2013

2 min read

Enforcement director Khuzami to leave SEC

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, […]

By Wire services |January 9, 2013

1 min read

SEC revokes registration of Toronto broker

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 […]

By Staff |December 20, 2012

4 min read

SEC goes after firms in China and India

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 […]

By Staff |December 4, 2012

2 min read

SEC sanctions 2 advisory firms

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 […]

By Staff |November 22, 2012

2 min read