Insights
June 30, 2014
Last month, Samer N’Ser of Ridgeland, Mississippi was arrested for multiple alleged violations of the Alabama Securities Act. N’Ser turned himself in to the Madison County, Alabama Sheriff...
June 26, 2014
A FINRA hearing panel expelled Success Trade Securities, Inc., which is based in Washington, D.C., from membership and barred Fuad Ahmed, the firm’s CEO and President, for the fraudulent sale of...
June 25, 2014
The Florida Office of Financial Regulation issued a consumer alert last week pertaining to a scam that involves the unauthorized use of the office’s name and logo. The fake paperwork was sent to...
June 19, 2014
The Stuart Siegel FINRA bar case highlights a troubling instance of broker misconduct involving the misuse of charitable funds. FINRA has permanently barred Siegel, a Florida-based financial advisor f...
June 17, 2014
U.S. District Judge Max O. Cogburn Jr. was persuaded by Bank of America to reconsider his decision that an SEC lawsuit regarding the issuance of $850 million in mortgage-backed securities should proce...
June 16, 2014
The SEC is currently examining potential changes to its definition of “accredited investor.” Section 413(b)(2)(A) of the Dodd-Frank Act of 2010 states that the SEC must examine the definition of ̶...
June 12, 2014
The SEC will begin filing some insider-trading cases in an in-house court rather than federal court, despite protestations by defense attorneys arguing that this would be an unfair shift from past pra...
June 11, 2014
Michael Baron, a former senior editor at TheStreet Inc. has agreed to pay $10,225 to resolve claims that he participated in an insider trading ring involving a group of high school friends according t...
June 10, 2014
On Friday, June 6, a federal jury in California found the founder of STEC Inc., a storage device maker, not guilty on insider trading charges. This was the second insider trading case lost by the SEC ...
June 9, 2014
Bitcoin entrepeneur Erik Voorhees will have to pay more than $50,000 to settle a case in which the SEC charged him with failing to register a stock option. The SEC stated that Voorhees published prosp...
June 5, 2014
Two former executives of ArthroCare, a surgical device manufacturer, have been convicted for their roles in a securities fraud that cost investors more than $400 million, having been found guilty by a...
June 4, 2014
FINRA announced today that is has fined Barclays Capital Inc., Goldman, Sachs & Co., and Merrill Lynch, Pierce, Fenner & Smith, Inc. $1 million each for failing to provide complete and accurat...
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