Insights
August 18, 2015
The SEC has fined a former registered investment adviser $2.8 million and barred its owner, Jacob Cooper, from the securities industry. Cooper, who is known as a “Main Street Madoff” by hi...
August 14, 2015
Edward D. Jones & Co. will pay $20 million to settle allegations by the Securities Exchange Commission that the firm overcharged its retail customers on new municipal bond sales. The SEC claims th...
August 13, 2015
A lawsuit brought by a shareholder alleges that Whole Foods committed securities fraud by hiding the fact that it overcharged its New York customers, which resulted in negative publicity that hurt sal...
August 12, 2015
Nine alleged computer hackers were charged today for their roles in a securities fraud scheme that earned $30 million in illicit gains by stealing and trading on corporate earnings data procured from ...
August 11, 2015
Frederick Alan Voight of Richmond, Texas, a Houston-area businessman promising to prevent car wrecks caused by drowsy drivers, has been charged by the SEC with operating a $114 million Ponzi scheme. V...
August 10, 2015
The SEC charged 15 individuals and 19 entities as defendants in a case involving multiple schemes to manipulate microcap stocks. The defendants were comprised of six firms, several customers, stock pr...
August 6, 2015
The SEC called for an emergency asset freeze on two accounts, which hold assets of approximately $2 million. The brokerage accounts hold ill-gotten proceeds from a fraudulent EDGAR filing. The SEC tra...
August 4, 2015
Robert Keith Smith, formerly a broker with Berthel Fisher, has been accused by more than ten of his clients throughout his career of overconcentrating their accounts in private placement securities, i...
August 4, 2015
The SEC charged a brokerage firm, Macquarie Capital Inc., for underwriting a public offering after receiving a due diligence report signifying that a China-based company’s offering materials contained...
August 3, 2015
The SEC filed its first enforcement actions against 36 municipal underwriting firms under the Municipalities Continuing Disclosure Cooperation (MCDC) Initiative. The MCDC is a voluntary self-reporting...
July 31, 2015
Financial advisor was accused of stealing at least $20 million from clients to fund his own private accounts. He then misused the majority of the money in extremely unsuccessful options trading. The S...
July 30, 2015
The SEC alleges a venture capital fund manager stole funds from one account to cover lost profits in another account in a Ponzi-like act. The capital fund manager, Gregory Gray, Jr., and his firms, Ar...
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