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 […]
Former Countrywide CEO Angelo Mozilo to Pay SEC’s Largest-Ever Financial Penalty Against a Public Company’s Senior Executive
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 […]
No Evidence Politics Found to Drove Goldman Suit
SEC Investigation Finds No Evidence Politics Drove Goldman Suit The U.S. Securities and Exchange Commission’s internal watchdog said he found no evidence a lawsuit against Goldman Sachs Group Inc. was driven by politics or that agency officials timed the case to help President Barack Obama win support for financial-regulation legislation. The SEC’s April 16 announcement […]
SEC Charges Former Dell Employee and Broker Husband for Insider Trading Ahead of Dell-Perot Systems
ENFORCEMENT PROCEEDINGS Oct 06, 2010 (SECURITIES AND EXCHANGE COMMISSION RELEASE/ContentWorks via COMTEX) — On October 5, 2010, Securities and Exchange Commission charged Austin, Texas resident and former Dell Inc. employee Marleen Jantzen and her husband, John Jantzen, a licensed broker employed by an SEC-registered broker-dealer, with insider trading around the public announcement of Dell’s tender […]