The Securities and Exchange Commission has halted a multi-million dollar Ponzi scheme and frozen the assets of the Long Island-based investment adviser operating it.
The US Securities and Exchange Commission has obtained an emergency court order halting a USD68m Ponzi scheme involving the sale of fictitious high-yield certificates of deposit by Cari
The Honorable Jed S Rakoff, United States District Judge, United States District Court for the Southern District of New York, has entered a Final Judgment as to Danielle Chiesi on July 12, 2011, in the SEC’s insider trading case, SEC
The Securities and Exchange Commission has filed fraud charges against the CEO of a purported foreign currency trading firm, alleging he scammed hundreds of investors with false promises of high, fixed-rate returns while secretly using their money to fund his
The US Securities and Exchange Commission has charged the auditor of Bernard Madoff’s broker-dealer firm with committing securities fraud by representing that they had conducted legitim
The US Commodity Futures Trading Commission has announced that on 4 March 2009 the federal district court in Knoxville, Tennessee, issued a court order freezing the assets of Dennis R.
Judge John F Grady of the US. District Court for the Northern District of Illinois has entered a final judgment against Jeffrey R. Neufeld (Neufeld) and Paridon Capital Management LLC (Paridon) of Elgin, Illinois for defrauding the TCM Global Strategy
The Hedge Fund Association (HFA) has submitted a comment letter to the US Securities and Exchange Commission (SEC) as the regulatory agency considers proposed changes to the definition of an “accredited investor” under Rule 501 of Regulation D. The HFA
The Securities and Exchange Commission has charged a Seattle-based financial adviser and his firm with defrauding clients by secretly investing their money in two risky start-up companies he co-founded. The SEC alleges that Mark Spangler, a former chairman of the
The US Commodity Futures Trading Commission (CFTC) has obtained a federal court consent order requiring defendants Perry Jay Griggs, his wife, Rachelle Griggs, and their company, Aloha Trading Company, Inc. (Aloha), all of Las Vegas, Nev., to jointly and severally
