The U.S. Securities and Exchange Commission plans to file an enforcement action against JPMorgan Chase & Co., a Wall Street firm that arranged interest rate swap deals for Jefferson Cou... Read more
The Financial Industry Regulatory Authority (FINRA) has settled charges relating to the sale of auction rate securities (ARS) with four companies. FINRA, an independent regulator of the secu... Read more
The Securities and Exchange Commission has notified Regions Financial Corp.’s Memphis-based subsidiary Morgan Keegan & Co. that it is investigating the firm. Regions said in a qua... Read more
A major money market firm and its top managers have been charged with fraud by federal securities regulators for allegedly concealing key facts from investors as the company’s flagship... Read more
A federal court has approved the distribution of more than $843 million to investors who were damaged at insurer American International Group. Checks will soon be mailed to more than 257,000... Read more
SEC Director Robert Khuzami has asked Congress for an increased budget, citing the agency’s need for additional trial lawyers and staff to handle a large increase in cases. After Chairman Ma... Read more
A Texas man, who was sentenced in March to a ten-year prison sentence for commodity fraud, has settled a civil suit filed against him by defrauded investors. George Hudgins, the owner of 373... Read more
A class action lawsuit has been filed against Bank of America, alleging that the bank effectively set up a branch in a Long Island office that helped Nicholas Cosmo carry out a $380 million... Read more
We are filing approximately 75 individual cases against Regions Morgan-Keegan (RMK) on behalf of clients who lost substantial sums of money in certain RMK Bond Funds. These funds were manage... Read more
After a large increase in federal securities class actions in 2008, U.S. companies can expect to be under even more intense scrutiny by regulators and enforcement agencies this year as the g... Read more
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