U.S. SECURITIES AND EXCHANGE COMMISSION Litigation Release No. 21699 / October 19, 2010 SEC v. Paul T. Mannion, Jr., Andrew S. Reckles, PEF Advisors LLC, and PEF Advisors Ltd., Civil Action No. 10-CV-3374 (N.D. Ga.) SEC CHARGES HEDGE FUND MANAGERS WITH FRAUDULENTLY OVERVALUING SIDE-POCKETED ASSETS, DEFALCATION, AND MATERIAL MISREPRESENTATION The Securities and Exchange Commission today […]
SEC Charges Georgia-Based Hedge Fund Managers With Fraud in Valuing a “Side Pocket” and Theft of Investor Assets FOR IMMEDIATE RELEASE 2010-199 Washington, D.C., Oct. 19, 2010 — The Securities and Exchange Commission today charged two hedge fund portfolio managers and their investment advisory businesses with defrauding investors in the Palisades Master Fund, L.P. by […]
The U.S. Securities and Exchange Commission announced the temporary suspension of trading in the securities of the following issuers, commencing at 9:30 a.m. EDT on October 19, 2010 and terminating at 11:59 p.m. EDT on November 1, 2010: • Cape Systems Group, Inc. (CYSG) • Caribbean Cigar Co. (CIGR) • Casual Male Corp. • Cell […]
U.S. SECURITIES AND EXCHANGE COMMISSION Litigation Release No. 21695 / October 15, 2010 SEC v. Jason K. Fifield, Civil Action No. cv 10-7709 RGK(OPx) (C.D. Ca.) SEC Charges Jason K. Fifield with Fraud in Connection with a $5.88 million Ponzi Scheme The United States Securities and Exchange Commission (Commission) yesterday filed a civil injunctive action […]
Court Enters Final Judgments against Brian N. Lines, Scott G.S. Lines, Anthony W. Wile, Wayne E. Wew (formerly Wayne E. Wile), Lines Overseas Management Ltd., LOM Securities (Bermuda) Ltd., LOM Securities (Bahamas) Ltd., LOM Securities (Cayman) Ltd., and LOM Capital Ltd. in Market Manipulation Case The Securities and Exchange Commission today announced that the Honorable […]
The Technical Committee of the International Organization of Securities Commissions (IOSCO) has formed a Task Force on OTC Derivatives Regulation (Task Force) in order to coordinate securities and futures regulators’ efforts to work together in the development of supervisory and oversight structures related to over-the-counter (OTC) derivatives markets. IOSCO’s experience in developing objectives and principles […]
Investigation Of Rosand Enterprises And Robert Anderson Of Illinois Launched Following SEC Ponzi Scheme Charges SNSFE has launched an investigation into Robert Anderson of Mt. Prospect, IL and his company Rosand Enterprises following SEC charges that a Ponzi scheme was conducted. The SEC’s complaint alleges that Anderson raised approximately $12 million from at least 77 […]
Settlement Permanently Bars Mozilo from Future Officer or Director Service Washington, D.C., Oct. 15, 2010 — The Securities and Exchange Commission today announced that former Countrywide Financial CEO Angelo Mozilo will pay a record $22.5 million penalty to settle SEC charges that he and two other former Countrywide executives misled investors as the subprime mortgage […]
Washington, D.C., Oct. 14, 2010 — The Securities and Exchange Commission today charged two Florida-based hedge fund managers and their firms with fraudulently funneling more than a billion dollars of investor money into a Ponzi scheme operated by Minnesota businessman Thomas Petters. Additional Materials SEC Complaint http://www.sec.gov/litigation/complaints/2010/comp21694.pdf Litigation Release No. 21694 http://www.sec.gov/litigation/litreleases/2010/lr21694.htm The SEC alleges […]
Dell settles SEC investigation for $100 million A federal judge has approved Dell’s proposed $100 million settlement with the US Securities and Exchange Commission. Dell executives, including Michael Dell, promised US District Judge Richard Leon that the company would change its accounting and disclosure practices, and that Michael Dell would pay a $4 million fine […]
