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Stock Market Churning And Suitability: How Do I Avoid It

The most common type of abuse that occurs as a result of the recommendation of unsuitable investments...

Naples, Florida Man Sentenced In Znetix Stock Fraud Scam

In addition to the period of incarceration, MOODY was sentenced to three years of supervised release and was ordered to pay restitution in the amount of $2,484,000. That sum represented the total amount paid to MOODY in the form of a "signing bonus" and salary, from Health Maintenance Centers, Inc. and Znetix, Inc. investor funds.

What Is Churning, And Am I a Victim Of Churning?

Churning refers to excessive buying and selling in your account by your broker.

SEC Charge Former CEO And Others With Fraudulent Offering

SEC Charges Efoora, Inc., Its Former CEO and Another Individual for Their Roles in an Unregistered, Fraudulent Offering: On June 29, the Securities and Exchange Commission ("Commission") filed a complaint in the Northern District of Illinois, charging Efoora, Inc., based in Buffalo Grove, David S.

Southwest Securities to Pay $10 Million to Settle SEC and NYSE Supervision Charges

The Securities and Exchange Commission and the New York Stock...

Las Vegas Man Convicted of Fraudulent Stock Sale

Department of Justice, Sep 17, 2008 Michael Haynes was convicted of one count of conspiracy to commit tax evasion through a scheme involving the fraudulent sale of One Voice Technologies Inc.

Hedge Fund Manager Sentenced To Jail For Securities Fraud

FBI.gov, Sep 09, 2008 Former Miami-based hedge fund operator, was sentenced to 57 months imprisonment, to be followed by three years of supervised

Directors Of Queénch, Inc. Sentenced For Securities Fraud

Department of Justice, Aug 29, 2008 Two brothers who were former directors of Queénch Inc. were sentenced to five years in prison for securities

Former Hewlett Packard VP Guilty of Trade Secrets

Department of Justice, Jul 14, 2008 A former vice president of imaging and printing services at the Hewlett Packard Company (HP) pleaded guilty to stealing trade

Bank Manager Receives Year In Prison For Embezzlement

Enter Source, Jul 07, 2008 Jennifer Conroe, age 37, was sentenced to twelve months imprisonment for misappropriating $32,000 in funds from the Rockford, Michigan branch of Comerica

Six Indicted For $15 Million Mortgage Fraud Scheme

US Dept. Of Justice, Jul 03, 2008 The alleged scheme involved financing the purchases with $15 million in mortgage loans obtained through fraud committed against 33 lending

SEC Proposes Rule Changes to Modernize Oil and Gas Reporting Requirements

sec.gov, Jun 30, 2008 The Securities and Exchange Commission today announced that it has proposed revised oil and gas company reporting requirements to help provide

SEC Staff Recommends Commission Action to Modernize Oil and Gas Reporting Requirements

sec.gov, Jun 16, 2008 The Securities and Exchange Commission's Division of Corporation Finance and Office of the Chief Accountant announced today that they have prepared for the

SEC Obtains $2.1 Million Emergency Asset Freeze and Charges Rome Resident

sec.gov, May 20, 2008 The Securities and Exchange Commission has charged an Italian machinery engineer with insider trading and obtained an emergency asset freeze of the more than $2.1

SEC Charges Banc of America Investment Services With Failing to Disclose It Favored Affiliated Mutual Funds

sec.gov, May 01, 2008 The Securities and Exchange Commission today filed a settled enforcement action against Banc of America Investment Services,

U.S. Labor Department enforcement agency announces eight criminal convictions for January 2008

U.S Department of Labor, Mar 12, 2008 In January 2008, the U.S. Department of Labor's Office of Labor-Management

SEC Hosts Historic Meeting Securities Regulators From Major Emerging Markets

SEC, Mar 03, 2008 The Securities and Exchange Commission announced today that it held its first Emerging Markets Conclave with heads of securities regulators from

SEC Chairman Cox Announces Creation of New Office, Appointment of Leaders, to Expedite Distribution of Billions to Injured Investors

SEC, Feb 07, 2008 Securities and Exchange Commission Chairman Christopher Cox today announced the appointments of

Judge Enters Final Judgment Against Former CFO of Waste Management, Inc. Following Jury Verdict in SEC's Favor

U.S. Securities and Exchange Commission, Jan 08, 2008 The Securities and Exchange Commission announced that the U.S. District Court for the Northern District of Illinois has entered final judgment against James E.

SEC Charges Mayer Brown Partner Joseph P. Collins with Aiding and Abetting Refco Fraud

U.S. Securities and Exchange Commission, Dec 28, 2007 We will aggressively pursue individuals who ignore their professional obligations and instead assist in their clients violation of the federal securities

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