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Displaying 51-60 out of 167 results for "Interest Rate Swaps".

Enforcement Actions: Week in Review - April 4th, 2014

(Apr 2014)

SEC ENFORCEMENT ACTIONS

SEC Charges Two Friends with Insider Trading Ahead of Impending Acquisition Announcement
April 3, 2014, (Litigation Release No. 22965)
According to the complaint, Walter D. Wagner and Alexander J. Osborn traded on insider information they learned from investment banker, John W. Femenia, "about the impending acquisition of The Shaw Group Inc." Wagner has agreed to a settle the charges by "disgorging his ill-gotten gains plus interest, with any additional financial...

Enforcement Actions: Week in Review - March 28th, 2014

(Mar 2014)

SEC ENFORCEMENT ACTIONS

SEC Obtains Order Enforcing Compliance with Order to Pay Over $5 Million in Disgorgement, Prejudgment Interest, and Civil Penalties
March 26, 2014, (Litigation Release No. 22952)
An opinion and order were entered this week "directing Walter Gerasimowicz, Meditron Asset Management, LLC, and Meditron Management Group, LLC to comply with the SEC order requiring them to pay $3,143,029.41 in disgorgement and pre-judgment interest, and a civil penalty of...

Enforcement Actions: Week in Review - March 21st, 2014

(Mar 2014)

SEC ENFORCEMENT ACTIONS

Manager of Pre-IPO Investment Funds Settles Fraud Claims
March 20, 2014, (Litigation Release No. 22949)
Frank Mazzola,brokerage firm Felix Investments, LLC, and investment adviserFacie Libre Management, Associates, LLC, have been charged with defrauding "investors in funds created to purchase shares of Facebook, Twitter, and other technology companies prior to their initial public offerings." According to the SEC, Mazzola and Felix Investments "arranged to be...

SEC Litigation Releases: Week in Review - March 14th, 2014

(Mar 2014)

SEC Files Subpoena Enforcement Action Against Charles Riel III for Failure to Produce Documents and Appear for Testimony in Investigation of Reinvest LLC Securities
March 14, 2014, (Litigation Release No. 22943)
The SEC has filed a subpoena enforcement action against Charles Riel III a/k/a Chuck Riel and REinvest LLC. The SEC previously served Riel and REinvest "with document subpoenas in January 2014" and a subpoena for Riel to "appear for sworn testimony in February 2014." According to the...

SEC Litigation Releases: Week in Review - February 28th, 2014

(Feb 2014)

SEC Settles Claims Against Attorney Retained by Funds Involved in Fraudulent Investment Scheme
February 27, 2014, (Litigation Release No. 22934)
A final judgment was entered against attorney Robert Custis for his involvement in a Ponzi scheme orchestrated by Yusaf Jawed through companies Grifphon Asset Management, LLC and Grifphon Holdings, LLC. Custis agreed to the final judgment which permanently enjoins him from future violations of the securities laws and prohibits him from appearing or...

SEC Litigation Releases: Week in Review - February 21st, 2014

(Feb 2014)

SEC Charges Three California Residents Behind Movie Investment Scam
February 20, 2014, (Litigation Release No. 22929)
According to the complaint, Samuel Braslau, Rand Chortkoff, and Stuart Rawitt defrauded "investors in a purported multi-million dollar movie project that would supposedly star A-list celebrities and generate exorbitant investment returns." Braslau set up "companies named Mutual Entertainment LLC and Film Shoot LLC to raise funds from investors for the movie project," a film...

SEC Litigation Releases: Week in Review - February 14th, 2014

(Feb 2014)

SEC Charges James Y. Lee for Defrauding His Advisory Clients
February 14, 2014, (Litigation Release No. 22927)
According to the complaint, James Y. Lee defrauded his advisory clients in several ways including "charg[ing] some clients fees...based on false performance and conceal[ing] from them that they had actually incurred realized losses," failing to disclose information about his background including "a criminal conviction for embezzlement and an SEC cease-and-desist order for his role in...

SEC Litigation Releases: Week in Review - February 7th, 2014

(Feb 2014)

Court of Appeals Denies Stay of Order Compelling Investigative Testimony; Affirms District Court's Exercise of Discretion
February 6, 2014, (Litigation Release No. 22920)
This week the court issued a "summary order denying Edward Daspin's motion for a stay" on a December 2013 order. This means that Daspin is required "to appear for investigative testimony in compliance with an SEC investigative subpoena" and was denied a "request that the SEC be required to pay for Daspin's physician to attend...

SEC Litigation Releases: Week in Review - January 31st, 2014

(Jan 2014)

Court Enters Final Judgment Against Broker in Settlement of Claims Arising from Fraudulent Misrepresentations and the Misappropriation of Funds
January 30, 2014, (Litigation Release No. 22914)
A final judgment was entered this week against David L. Rothman based on charges that "Rothman,...who was the Vice President and minority owner of Rothman Securities, Inc....creat[ed] and issu[ed] false account statements to certain elderly and unsophisticated investor/clients that materially overstated...

SEC Litigation Releases: Week in Review - January 17th, 2014

(Jan 2014)

SEC Charges Former Senior Executives of Public Company Subsidiary with Falsifying Financial Records and Circumventing Internal Controls
January 15, 2014, (Litigation Release No. 22906)
This week, the SEC announced charges against Christopher Hohol and Brian Poshak, "formerly the senior vice president for operations and the controller, respectively, of Veolia Special Services, a fourth-tier United States subsidiary of Veolia Environnement S.A." According to the SEC, the defendants falsified...

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