Search Results for: U.S. Securities and Exchange Commission
International fraudulent scheme controller fined for more than $2 million
October 11th, 2017
The Commodity Futures Trading Commission (CFTC) announced that the Honorable Joan B. Gottschall of the U.S. District Court for the Northern District of Illinois entered a Final Judgment and Order against Grace Elizabeth Reisinger of Grand Island, Nebraska and ...
Investment Adviser Charged in Multi-Million Dollar Options Trading Scheme
October 6th, 2017
The Securities and Exchange Commission charged a Westchester, New York-based investment adviser with fraud stemming from lies to retail investors about the value of their investments in a Ponzi-like scheme. The SEC alleges that, starting in approximately 2010, Michael Scronic ...
Stock Market Analyst charged with insider trading
September 27th, 2017
The Securities and Exchange Commission charged a stock market analyst with insider trading prior to the publication of research reports and articles he authored with the false disclaimer that he wasn’t trading in the companies being covered. He agreed ...
CEO Charged With Using Secret Accounts for Insider Trading in Company Stock
September 21st, 2017
The Securities and Exchange Commission today charged the former CEO of a Silicon Valley-based fiber optics company with insider trading in company stock by using secret brokerage accounts held in the names of his wife and brother. The SEC ...
Ikon Global Markets ordered to Pay $200,000
September 4th, 2017
The U.S. Commodity Futures Trading Commission (CFTC) issued an Order filing and simultaneously settling charges against Ikon Global Markets, Inc. (Ikon) for failing to keep and promptly produce documentation for thousands of gold Exchange for Physical (EFP) trades, in ...
Hedge Fund Adviser Charged for Inadequate Controls to Prevent Insider Trading
August 22nd, 2017
The Securities and Exchange Commission announced that hedge fund advisory firm Deerfield Management Company L.P. has agreed to pay more than $4.6 million to settle charges that it failed to establish, maintain, and enforce policies and procedures reasonably designed ...
Stock manipulator has agreed to pay nearly $800,000
August 3rd, 2017
The Securities and Exchange Commission today announced that an overseas stock manipulator has agreed to pay nearly $800,000 and be permanently barred from involvement in penny stocks after hiding his significant stake in a small oil & gas company ...
Cold calling scams defrauded more than one hundred victims
July 13th, 2017
SEC Announces Charges in Massive Telemarketing Boiler Room Scheme Targeting Seniors The Securities and Exchange Commission today brought fraud charges against 13 individuals allegedly involved in two Long Island-based cold calling scams that bilked more than one hundred victims ...
Information technology company charged with accounting fraud
July 3rd, 2017
The Securities and Exchange Commission (SEC) has charged Chicago-area information technology company Quadrant 4 System Corp. (QFOR) and two former top executives in an accounting fraud scheme that misled investors and allowed the former executives to siphon millions from ...
Robert Evans III Named Deputy Director in SEC’s Division of Corporation Finance
June 21st, 2017
The Securities and Exchange Commission (SEC) announced that Robert Evans III has been named Deputy Director in the agency’s Division of Corporation Finance. He will join Deputy Director Shelley Parratt as a senior advisor to the division’s director, William ...
