A Texas federal judge has ordered Life Partners Holdings Inc. (LPHI) and two of its executives to pay $47 million for filing false U.S. Securities and Exchange Commission (SEC) reports. This... Read more
The Securities and Exchange Commission (SEC) has announced a whistleblower award of more than $875,000 to be divided evenly between two individuals who provided tips and assistance to help t... Read more
The Dodd-Frank Act was passed in July 2010, establishing the SEC Office of the Whistleblower in 2011. The program was designed by Congress to provide monetary incentives for anyone who has k... Read more
At a recent Senate briefing, lawmakers, prominent pension fund leaders, investors and securities law experts joined together and built a very strong case for the Securities and Exchange Comm... Read more
It has been more than two years since the Securities and Exchange Commission (SEC) and other state regulators settled fraud allegations with Morgan Keegan involving certain inflated mortgage... Read more
The Securities and Exchange Commission (SEC) has quietly modified its “neither admit nor deny” settlement policy. In a memo to SEC enforcement staff, Enforcement Co director Andrew Ceresney... Read more
Recently an independent study found that more than one-third of hedge fund professionals have personally been pressured to break the law. Nearly half of those polled believe their competitor... Read more
Two affiliates of S.A.C. Capital Advisors — CR Intrinsic Investors and Sigma Capital — will pay $614 million to settle insider trading charges brought by the Securities and Exchange Commissi... Read more
In one of the last actions of departing Securities and Exchange Commission Chair Mary Schapiro’s term, the agency put on its agenda that it will consider requiring public companies to disclo... Read more
The Securities and Exchange Commission has charged three top executives at a New York-based publicly-traded fund being regulated as a business development company (BDC) with overstating the... Read more
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