SEC Charges Brokerage Firms and AML Officer With Anti-Money Laundering Violations

The Securities and Exchange Commission today announced settled charges against broker-dealers Chardan Capital Markets LLC and Industrial and Commercial Bank of China Financial Services LLC (ICBCFS) for failing to report suspicious sales of billions of …

SEC Names James Reese Chief Risk and Strategy Officer of the Office of Compliance Inspections and Examinations

The Securities and Exchange Commission today announced that James Reese has been named the Chief Risk and Strategy Officer of the agency’s Office of Compliance Inspections and Examinations (OCIE). Mr. Reese has served as Acting Chief since February 201…

SEC Files Charges in International Manipulation Scheme

The Securities and Exchange Commission today charged four individuals for their roles in a fraudulent scheme that generated nearly $34 million from unlawful stock sales and caused significant harm to retail investors.

According to the SEC’s complaint,…

SEC Names Caryn E. Kauffman as Chief Financial Officer

The Securities and Exchange Commission today announced that Caryn E. Kauffman has been named the agency’s Chief Financial Officer (CFO). Ms. Kauffman has served as Acting CFO since February 2017.  The CFO plays a key role in making sure SEC resources a…

SEC Names James Reese Chief Risk and Strategy Officer of the Office of Compliance Inspections and Examinations

The Securities and Exchange Commission today announced that James Reese has been named the Chief Risk and Strategy Officer of the agency’s Office of Compliance Inspections and Examinations (OCIE). Mr. Reese has served as Acting Chief since February 201…

SEC Files Charges in International Manipulation Scheme

The Securities and Exchange Commission today charged four individuals for their roles in a fraudulent scheme that generated nearly $34 million from unlawful stock sales and caused significant harm to retail investors.

According to the SEC’s complaint,…

SEC Names Caryn E. Kauffman as Chief Financial Officer

The Securities and Exchange Commission today announced that Caryn E. Kauffman has been named the agency’s Chief Financial Officer (CFO). Ms. Kauffman has served as Acting CFO since February 2017.  The CFO plays a key role in making sure SEC resources a…

SEC Charges Hedge Fund Adviser With Deceiving Investors by Inflating Fund Performance

The Securities and Exchange Commission today announced that it has charged New York-based investment adviser Premium Point Investments LP with inflating the value of private funds it advised by hundreds of millions of dollars.  The SEC also charged Pre…

SEC Levies Fraud Charges Against Texas-Based Municipal Advisor, Owner for Lying to School District

The Securities and Exchange Commission today announced it charged a registered municipal advisor and its owner with defrauding a south Texas school district in connection with multiple municipal bond offerings. 

The SEC’s order instituting proceeding…

SEC Charges Hedge Fund Adviser With Deceiving Investors by Inflating Fund Performance

The Securities and Exchange Commission today announced that it has charged New York-based investment adviser Premium Point Investments LP with inflating the value of private funds it advised by hundreds of millions of dollars.  The SEC also charged Pre…

SEC Levies Fraud Charges Against Texas-Based Municipal Advisor, Owner for Lying to School District

The Securities and Exchange Commission today announced it charged a registered municipal advisor and its owner with defrauding a south Texas school district in connection with multiple municipal bond offerings. 

The SEC’s order instituting proceeding…

Hedge Fund Firm Charged for Asset Mismarking and Insider Trading

The Securities and Exchange Commission today announced the hedge fund advisory firm Visium Asset Management LP has agreed to settle charges related to asset mismarking and insider trading by its privately managed hedge funds and portfolio managers.  Se…