Securities Law News & Articles

• 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 institutions
  
  
• 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 investors
  
  
• 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 Commission's
  
  
• 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 million
  
  
• SEC Charges Banc of America Investment Services
  sec.gov, May 01, 2008
  The Securities and Exchange Commission today filed a settled enforcement action against Banc of America Investment Services, Inc.
  
  
• 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 Standards
  
  
• 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 Brazil
  
  
• 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 the
  
  
• Final Judgment Against Former CFO of Waste Management Inc Following Jury Verdict
  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. Koenig
  
  
• SEC Charges Mayer Brown Partner 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 laws
  
  
• Fee Rate Advisory For Fiscal Year
  Securities and Exchange Commission , Dec 19, 2007
  The assessment on security futures transactions under Section 31 d will remain unchanged
  
  
• SEC Charges Independent Auditor for Fraud
  Securities and Exchange Commission , Dec 11, 2007
  The SEC filed a settled civil fraud action against San Diegos auditor in connection with the citys false and misleading financial statements
  
  
• SEC Sues for Stock Option Backdating Scheme
  U.S. Securities and Exchange Commission, Dec 04, 2007
  The Securities and Exchange Commission filed civil charges against Maxim Integrated Products Inc a Silicon Valley semiconductor company
  
  
• Fraud Harming Seniors and Other Investors
  U.S. Securities and Exchange Commission, Nov 26, 2007
  The Securities and Exchange Commission filed charges of fraud that involved phony Las Vegas casino and resort telecommunications deals
  
  
• SEC Files Charges Against Chevron Corporation
  U.S. Securities and Exchange Commission, Nov 14, 2007
  For Improper Payments to Iraq Under the U.N. Oil for Food Program
  
  
• SEC Charges Former CEO of Military Body Armor Supplier
  U.S. Securities and Exchange Commission, Oct 29, 2007
  The SEC filed securities fraud charges against David H. Brooks.
  
  
• SEC Distributes Millions to Defrauded Fannie Mae Investors
  U.S. Securities and Exchange Commisson, Oct 26, 2007
  SEC has distributed more than three billion overall since the agency was given authority to send financial penalties from SEC enforcement.
  
  
• Nortel Networks Pays Millions to Settle Fraud Charges
  SEC, Oct 17, 2007
  The Securities and Exchange Commission filed civil fraud charges against Nortel Networks Corporation and its principal operating subsidiary for accounting fraud.
  
  
• Six Convictions During July for Embezzlement
  U.S. Department of Labor, Oct 10, 2007
  he U.S. Department of Labor's Office of Labor-Management Standards announced its criminal enforcement data for July 2007.
  
  
• Three Former Dynegy Executives Settle SEC Charges for Manipulating Financial Statements
  The Securities and Exchange Commission (SEC), Oct 05, 2007
  Former CFO to Pay More Than $375,000 to Settle Charges
  
  
• Employee Embezzles $309,760.23 From Employer
  FBI, Aug 09, 2007
  Employee sentenced to three years imprisonment to be followed by three years supervised release by United States District Judge Richard T. Haik for mail fraud
  
  
• QWEST CEO SENTENCED FOR INSIDER TRADING
  FBI, Jul 30, 2007
  Chief executive officer of Qwest Communications International Inc., was sentenced to 6 years in prison for insider trading, the Justice Department announced today.
  
  
• Former Samsung Unit Director Arrested for Embezzlement
  FBI, Jul 25, 2007
  A former director of Samsung America Inc Korea Export Department was arrested on a criminal complaint charging him with wire fraud
  
  
• SEC Charges Former CEO in Options Backdating Scheme
  Securities and Exchange Commission, Jul 16, 2007
  The SEC filed a civil injunctive action against Michael F Shanahan and his son alleging that they participated in a fradulent scheme
  
  
• Hedge Fund Information
  FBI, Jul 06, 2007
  Hedge funds are minimally regulated private investment partnerships that historically accept only high-wealth investors
  
  
• Man Charged in Multimillion Dollar Ponzi Scheme
  FBI - Department of Justice, Jun 27, 2007
  Baston recruited investors by making false promises of guaranteed short-term, high rates of return on investments in distressed properties, with additional guarantees on
  
  
• SEC Charges 14 in Wall Street Insider Trading Ring
  Securities and Exchange Commission, Jun 01, 2007
  The US SEC charged 14 defendants in a brazen insider trading scheme that netted more than 15 million dollars in illegal insider trading profits on thousands of trades
  
  
• Three Defendants Sentenced For Conspiracy To Commit Securities And Email Fraud
  usdoj.gov, May 07, 2007
  A Sarasota, Fla., man has been sentenced to five years in prison and two years of supervised release for conspiring to commit both securities fraud and email fraud
  
  
• SEC Institutes Enforcement Action Alleging Pump-and-Dump Scheme
  sec.gov, Apr 17, 2007
  Park and Cantley aided and abetted and caused a pump-and-dump scheme involving the securities of Spear & Jackson, Inc
  
  
• SEC Charges Tenet Healthcare Corporation With Concealing Scheme To Meet Earnings Targets
  sec.gov, Apr 04, 2007
  To settle the charges, Tenet agreed to pay a civil penalty of $10 million
  
  
• SEC Announces Fraud Charges
  sec.gov, Mar 29, 2007
  According to the complaint, when aspects of the schemes were discovered in March 2005, Stockman embarked on a public campaign to mislead investors
  
  
• Ponzi Endures With Lure Of Riches
  fbi.gov, Mar 13, 2007
  He was putting the majority of the money into his own bank account and paying “dividends” to old investors with the cash from new investors.
  
  
• SEC Charges 14 In Wall Street Insider Trading Ring
  sec.gov, Mar 07, 2007
  Defendants Include Hedge Funds, Lawyers and Professionals at UBS, Bear Stearns, and Morgan Stanley
  
  
• SEC Charges Family With $3.7 Million Insider Trading Scheme
  sec.gov, Mar 02, 2007
  The Securities and Exchange Commission today announced the filing of a civil action in federal district courti nvolving a rampant insider trading scheme
  
  
• Reinsurer RenaissanceRe Settles Securities Fraud Charges
  sec.gov, Feb 14, 2007
  In settling the Commission's charges, RenRe agreed to an injunction, to retain an independent consultant, and to pay a $15 million civil penalty, among other things.
  
  
• Dorchester Man Pleads Guilty To Mail Fraud
  boston.fbi.gov, Feb 09, 2007
  Financial transactions in connection with an investment scheme that defrauded over 20 victims of approximately $800,000.
  
  
• SEC Extends Compliance Dates For Regulation NMS
  sec.gov, Jan 26, 2007
  The Commission is extending the three compliance dates to give automated trading centers additional time.
  
  
• $83 Million Distribution Begins for Defrauded Shareholders of Gemstar-TV Guide
  sec.gov, Jan 05, 2007
  Today's distribution reflects our commitment to use the Fair Funds authority given to us by Congress to return money directly to injured investors
  
  
• SEC Sanctions the City Of San Diego for Fraudulent Municipal Bond Offerings and Orders the City to Retain an Independent Consultant
  SEC, Nov 28, 2006
  
  
  
• Executives Indicted In Securities Fraud Scheme
  FBI, Nov 16, 2006
  Seven former executives of National Century Financial Enterprises NCFE on charges of conspiring to defraud investors
  
  
• Former FBI Agent Sentenced For Securities Fraud And Racketeering
  FBI, Nov 02, 2006
  Former FBI Special Agent Jeffrey A. Royer was sentenced to six years imprisonment on his conviction
  
  
• SEC Charges Former CEO With Securities Fraud
  sec.gov, Oct 04, 2006
  This is another case arising from our ongoing investigation of the misuse of finite reinsurance to commit securities fraud.
  
  
• Doral Financial Settles Financial Fraud Charges With SEC
  Press Release, Sep 27, 2006
  The Commission alleges that Doral Financial overstated income by approximately $921 million or 100 percent on a pre-tax, cumulative basis between 2000 and 2004.
  
  
• SEC Files Action To Stop Ongoing Microcap Stock Fraud
  Press Release, Sep 20, 2006
  To deceive investors into buying these stocks, the defendants have preyed on public fears about terrorism and international health epidemics
  
  
• Former Executives Of Comverse Charged With Creating A Secret Stock Options Slush Fund
  Press Release, Sep 06, 2006
  the defendants reaped millions of dollars in profits as a result of their scheme and issued false and misleading financial statements to the company's shareholders and th
  
  
• SEC Halts $22 Million Fraud Targeting Retirement Funds
  Press Release, Aug 16, 2006
  This case reaffirms the Commission's commitment to aggressively investigate and take prompt action against frauds targeting Americans retirement funds.
  
  
• Georgia Man Arrested on Securities Fraud Charges
  Press Release, Aug 09, 2006
  The charges relate to the sale of unregistered investments sold to the Newton County resident between 1997 and 2002.
  
  
• SEC Violation Of Video Game Scheme To Promote The Company’s Stock
  sec.gov, May 17, 2006
  SEC Charges Former Video Game CEO In Junk Fax Scam
  
  
• National Survey Shows Urgent Need For Investors
  michigan.gov, Apr 19, 2006
  This survey shows that investors need to brush up on the fundamentals of investing
  
  
• Pennsylvania Investment Fraud, Violations Securities Laws
  paed.uscourts.gov, Jan 11, 2006
  For violations of federal and state securities laws, fraud, breach of fiduciary duty, and breach of contract
  
  

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