by admin | Jan 5, 2016 | Securities Fraud
Steven Metro, a former managing clerk at the prestigious New York law firm Simpson Thacher & Bartlett, was the third individual to plead guilty for conducting an insider trading scheme in which evidence written on a napkin was consumed to conceal the impropriety....
by admin | Jan 5, 2016 | Securities Fraud
CPA Firm Grant Thornton, LLP and two of its partners were recently sanctioned by the U.S. Securities and Exchange Commission over claims that they missed red flags when inspecting two publicly traded companies that were the focus of SEC enforcement actions due to...
by admin | Nov 19, 2015 | Securities Fraud
In a New York federal court, a former JPMorgan Chase & Co. investment adviser has plead guilty to stealing over $20 million from clients. In addition, he has admitted to squandering funds on unprofitable trades and personal expenses. Michael Oppenheim, 49, plead...
by admin | Nov 13, 2015 | Securities Fraud
Investment adviser firms’ growing use of outside chief compliance officers has prompted the U.S. Securities and Exchange Commission to identify several that are not effectively implementing compliance programs. The Office of Compliance Inspections and Examinations has...
by admin | Nov 11, 2015 | Securities Fraud
Generating fees for the firm and unregistered advisers has been deemed unethical behavior by the commonwealth of Massachusetts. According to a statement from the secretary of commonwealth, William Galvin, at least 13 unregistered Massachusetts investment advisers used...
by admin | Nov 10, 2015 | Securities Fraud
The Securities and Exchange Commission targeted multiple types of fraudulent behavior this year as it filed a record high of enforcement actions and fines against individuals and companies, said the agency. The agency obtained $4.2 billion in penalties, resulting in a...
