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Our experts frequently write blog posts about the findings of the research we are conducting.

Displaying 10 out of 76 results

Enforcement Actions: Week in Review - December 23rd, 2014

(Dec 2014)

SEC ENFORCEMENT ACTIONS

SEC Charges Investment Manager F-Squared and Former CEO With Making False Performance Claims
December 22, 2014 (Litigation Release No. 289)
It's been announced today that F-Squared Investments has agreed to settle with the SEC over charges that they defrauded investors of their AlphaSector indices. The SEC alleged that F-Squared falsely claimed a seven year performance track record, created by applying their model to historical data. The backtested record is also...

Enforcement Actions: Week in Review - December 19th, 2014

(Dec 2014)

SEC ENFORCEMENT ACTIONS

SEC Charges Massachusetts-Based Scientific Instruments Manufacturer with FCPA Violations Rules
December 15, 2014 (Litigation Release No. 280)
The SEC charged Bruker Corporation approximately $2.4 million for violating the Foreign Corrupt Practices Act (FCPA). Bruker Corporation had insufficient internal controls which lead to approximately $230,000 in improper payments to various Chinese government officials. The improper payments enabled Bruker to realize...

Enforcement Actions: Week in Review - December 12th, 2014

(Dec 2014)

SEC ENFORCEMENT ACTIONS

SEC Sanctions Eight Audit Firms for Violating Auditor Independence Rules
December 8, 2014 (Litigation Release No. 272)
The SEC sanctioned the following firms for violating auditor's independence criteria: BKD LLP, Boros & Farrington Accountancy Corporation, Brace & Associates PLLC, Robert Cooper & Company CPA PC, Lally & Co LLC, Lerner & Sipkin CPAs LLP, OUM & Co LLP, and Joseph Yafeh CPA Inc. While performing audits for their broker-dealer clients, these firms...

Enforcement Actions: Week in Review - December 5th, 2014

(Dec 2014)

SEC ENFORCEMENT ACTIONS

SEC Charges California Resident With Fraudulent Sales of Stock
December 2, 2014 (Litigation Release No. 268)
The SEC has charged Vinay Kumar Nevatia for fraudulently selling $900,000 of private shares of CSS Corp. The SEC contends that Kumar, living in Palo Alto under several aliases, sold shares in 2011 and 2012 that he had already sold in 2008. Kumar has never been registered with the SEC.

SEC Announces Fraud Charges Against Two Executives in Scheme Involving...

El Costo de 15 Días para los Clientes de UBS en Puerto Rico fue por Encima de $1 Billón

(Dec 2014)

En las últimas entradas a nuestro blog hemos demostrado que UBS suscribió $1.7 billones en bonos inmercadeables de la Administración de los Sistemas de Retiro (ASR) y los compró para colocarlos en sus Fondos UBS PR. Usted puede encontrar nuestra entrada anterior aquí. UBS creo cupo para estos bonos de la ASR al vender otros bonos no suscritos por UBS. UBS compró los bonos que suscribió de la ASR en el 2008 porque nadie más los compraría.

Recientemente, habíamos ilustrado como el conflicto de...

15 Days in Puerto Rico Cost UBS Clients Over $1 Billion

(Dec 2014)

We've shown in recent posts that UBS underwrote $1.7 billion of unmarketable ERS bonds and bought them into the UBS PR Funds. You can find our earlier blog posts here. UBS made room these ERS bonds by selling out of the Funds other bonds UBS didn't underwrite. UBS bought the ERS bonds it underwrote in 2008 because there was no other market for the bonds it was underwriting.

Recently we illustrated how UBS-underwritten conflicted bonds purchased by UBS into the funds in 2008 caused losses in...

Equipment Leasing DPPs

(Nov 2014)

We've written extensively about the evils of non-traded REITs. You can read through our other non-traded REIT blog posts. As bad as non-traded REITs are - and they're so bad no one should ever buy one - registered, non-traded Equipment Leasing Direct Participation Programs (DPPs) are worse.

Examples of equipment leasing DPPs include the series of LEAF and ICON trusts we discuss below. Equipment leasing DPPs provide a stark illustration of the DPP deceit which infects non-traded REITs,...

What Hell Hath UBS Puerto Rico Wrought

(Nov 2014)

We've shown in recent posts that UBS underwrote $1.7 billion of unmarketable ERS and $1.35 billion of COFINA bonds and bought them into the UBS PR Funds in 2007 and 2008. You can find our earlier blog posts on Puerto Rican Funds. UBS made room for these ERS and COFINA bonds by selling out of the Funds, roughly $3 billion of other bonds UBS didn't underwrite. UBS bought the ERS and COFINA bonds it underwrote in 2007 and 2008, because there was no other market for the bonds it was...

El Infierno Forjado por UBS Puerto Rico

(Nov 2014)

En entradas recientes al blog hemos demostrado que UBS suscribió $1.7 billones de bonos inmercadeables de la ASR y $1.35 billones de bonos de la COFINA y luego los compró para colocarlos en sus Fondos UBS PR en el 2007 y 2008. Pueden encontrar nuestra entrada anterior aquí. UBS hizo cabida a estos bonos de la COFINA y de la ASR vendiendo bonos que los Fondos tenían (alrededor de $3 billones) pero que no habían sido suscritos por UBS. UBS compró los bonos que suscribió en el 2007 y en el 2008...

En el 2007 y 2008, Los Fondos UBS PR También Compraron $1.35 Billones en Bonos de la COFINA Suscritos por UBS

(Nov 2014)

Ayer demostramos que en el 2008, UBS suscribió $1.7 billones de bonos inmercadeables de la ASR y los compró para sus Fondos UBS PR, disponible aquí. Hoy, mostraremos que del año 2007 al año 2008 conflictos similares llevaron a UBS a suscribir bonos inmercadeables de la Corporación del Fondo de Interés Apremiante (COFINA) para colocarlos en sus Fondos.

COFINA Serie 2007A

El banco de inversión UBS fue uno de los diecinueve co-suscritores de los $2.7 billones de bonos Serie A dirigidos a...

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