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U.S. Securities and Exchange Commission

October 7, 2009 - 0 comments

Dallas -- The U.S. Securities and Exchange Commission filed notice it would appeal a July ruling that dismissed an insider trading case against billionaire Mark Cuban.

September 22, 2009 - 0 comments

Washington -- The U.S. Securities and Exchange Commission said it may expand on allegations concerning Bank of America's purchase of Merrill Lynch in January.

August 12, 2009 - 0 comments

Westport, Conn. -- The U.S. Securities and Exchange Commission intends to file insider trading charges against a Connecticut hedge fund, the company revealed to investors.

August 6, 2009 - 0 comments
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New York -- Policy makers at the U.S. Securities and Exchange Commission have granted new subpoena power to its enforcement division, the policing unit director said.

July 29, 2009 - 0 comments

Detroit -- The U.S. Securities and Exchange Commission accused operators of the Billionaire Boys Club of running a $53 million Ponzi scheme.

July 3, 2009 - 0 comments
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New York -- Billionaire investor Warren Buffett gave $1.51 billion to four charities this week, a filing at the U.S. Securities and Exchange Commission shows.

July 1, 2009 - 0 comments
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New York -- The U.S. Securities and Exchange Commission should reward those who provide information on financial fraud, an official said Wednesday.

by Jaspreet Virk - June 17, 2009 - 0 comments
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New York, June 17: Bernard Madoff, who masterminded the biggest investment fraud in the U.S. history, has been barred from working in the investment industry.

Submitted by Rakhi Kaptiyal on Wed, 02/18/2009 - 02:45. ::

Washington -- The U.S. Securities and Exchange Commission Tuesday accused Stanford Financial Group Co. chief Robert Sanford of orchestrating an $8 billion CD fraud.

The SEC said U.S. District Judge Reed O'Connor had issued a temporary restraining order to freeze Stanford's assets and appoint a receiver "to marshal those assets."

Linda Chatman Thomsen, director of the SEC's Enforcement Division said the complaint includes allegations that "Stanford ... perpetrated a massive fraud based on false promises and fabricated historical return data to prey on investors."

"We are alleging a fraud of shocking magnitude that has spread its tentacles throughout the world," Regional SEC Director Rose Romero said.

The SEC alleges the Stanford International Bank sold about $8 billion of "so-called certificates of deposit" to investors "by promising improbably and unsubstantiated high interest rates."

Washington, February 10: Linda Thomsen, director of the U.S. Securities and Exchange Commission has stepped down from the post to make way for new Chairman Mary Schapiro.

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