USA v. Provident Capital Indemnity, Ltd. et al. | DOJ No. 11-1518, Case No. 3:11cr14, U.S. District Court for the Eastern District of Virginia |
11/21/2011
A certified public accountant (CPA) and purported outside auditor for Provident Capital Indemnity Ltd. (PCI) has pleaded guilty for his role in a $670 million fraud scheme involving victims throughout the United States and abroad. More...
In the Matter of UBS Global Asset Management (Americas) Inc. | SEC No. 2012-8, Release No. 3356 |
1/17/2012
The Securities and Exchange Commission has charged an investment advisory arm of UBS with failing to properly price securities in three mutual funds that it managed, resulting in a misstatement to investors of the net asset values (NAVs) of those funds. More...
Investor Alert: Social Media and Investing - Avoiding Fraud | SEC No. ____ |
1/4/2012
The SEC’s Office of Investor Education and Advocacy has issued an Investor Alert to help investors be better aware of fraudulent investment schemes that may involve social media. More...
U.S. v. Deutsche Börse AG | Case No. ______, U.S. District Court for the District of Washington, D.C. |
12/22/2011
The Department of Justice has required Deutsche Börse AG to direct its subsidiary International Securities Exchange Holdings Inc. (ISE) to sell its 31.5 percent stake in Direct Edge Holdings LLC and agree to other restrictions in order for DeutscheBörse to proceed with its planned $9 billion merger with NYSE Euronext, one of the two largest and most prestigious stock exchange operators in the United States. More...
U.S.A., et al. v. Blue Cross and Blue Shield of Montana, et al. | DOJ No. 11-1471, Case No. 1:11cv123, U.S. District Court for the District of Montana |
11/8/2011
The Department of Justice has required New West Health Services Inc. to sell the majority of its commercial health-insurance business to a third-party buyer and provide additional relief in order to preserve health-insurance competition in Montana. More...
SEC v. Alternative Green Technologies, Inc., et al. | SEC No. 2011-262, Case No. 11cv 9056, U.S. District Court for the Southern District of New York |
12/12/2011
The Securities and Exchange Commission has charged a shell packaging firm and several others involved in a penny stock scheme to issue purportedly unrestricted shares in the public markets. More...
SEC v. Steifel Laboratories, Inc. et al. | SEC No.2011-262 , Case No. Case 1:11-cv-24438, U.S. District Court for the Southern District of Florida |
12/12/2011
The Securities and Exchange Commission has charged a subsidiary of pharmaceutical company GlaxoSmithKline and the subsidiary’s former chairman and CEO with defrauding employees and other shareholders in the company’s stock plan by buying back their stock at severely undervalued prices. More...
U.S. v. Countrywide Financial Corporation | DOJ No. 11-1694, Case No. ______, U.S. District Court for the Central District of California |
12/21/2011
The Department of Justice has filed its largest residential fair lending settlement in history to resolve allegations that Countrywide Financial Corporation and its subsidiaries engaged in a widespread pattern or practice of discrimination against qualified African-American and Hispanic borrowers in their mortgage lending from 2004 through 2008. More...
In re: Wells Fargo Investments, LLC | CRD No. 10582 |
12/15/2011
The Financial Industry Regulatory Authority (FINRA) has fined Wells Fargo Investments, LLC, $2 million for unsuitable sales of reverse convertible securities through one broker to 21 customers, and for failing to provide sales charge discounts on Unit Investment Trust (UIT) transactions to eligible customers. More...
In the Matter of Morgan Keegan & Company, Inc. and Morgan Asset Management, Inc. | File No. 3-13847 |
11/15/2011
The U.S. Securities & Exchange Commission and regulators from South Carolina, Alabama, Kentucky, Mississippi, and Tennessee have released the appointment of A.B. Data, Ltd. of Milwaukee to distribute $200 million to investors from the regulators’ settlements with Morgan Keegan & Company and Morgan Asset Management. More...
