Commissioners at the Securities and Exchange Commission have voted four to one to begin the 30 day public comment process on the Jobs Act. This was a major step by the SEC to eliminate the ban on general solicitation and
The US Commodity Futures Trading Commission has filed a civil anti-fraud enforcement action against Jonathan Hansen of Pearland, Texas, and his company, J Hansen Investments (JHI). The action charges Hansen and JHI with fraudulently soliciting and accepting more than USD1.1m
The US Commodity Futures Trading Commission has filed a civil enforcement action charging Marc Perlman and his firm, iGlobal Strategic Management, with operating a commodity pool Ponzi scheme that fraudulently solicited and accepted at least USD670,000 from at least 17
The US Commodity Futures Trading Commission has charged Jeffrey Gustaveson of Carlsbad, California with fraud, misappropriation, and issuing false statements in a USD2.5m commodity pool scheme. According to the CFTC complaint, filed on 29 August 2012, from at least January
The US Commodity Futures Trading Commission has obtained a consent order imposing a USD700,000 civil monetary penalty against defendants Charles Steven Goodie of San Diego, California, and his California-based business CSG Commodity Service Group. The consent order imposes a permanent
The US Commodity Futures Trading Commission has obtained a federal court order of default judgment and permanent injunction requiring defendant Christopher B Cornett of Buda, Texas, to pay USD10.16m in restitution and a USD6.78m civil monetary penalty in connection with
The Securities and Exchange Commission has told a federal court that USD230 million held in an offshore account by a hedge fund has been returned to the US and will remain frozen pending completion of the SEC’s Ponzi scheme lawsuit
The Securities and Exchange Commission has charged a California man with illegally tipping a hedge fund manager with inside information about Nvidia Corporation’s quarterly earnings that he learned from his friend who worked at the company. The SEC alleges that
The Securities and Exchange Commission has charged an attorney and two others living in South Florida for their roles in a USD27.5m investment scheme that led investors to believe they were purchasing securities consisting of “pre-sold” commodities contracts with a
The Securities and Exchange Commission, state regulators, and the Financial Industry Regulatory Authority (FINRA) announced today that Morgan Keegan & Company and Morgan Asset Management have agreed to pay USD200 million to settle fraud charges related to subprime mortgage-backed securities. Two
