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

Displaying 10 out of 176 results for "Structured CDs Week".

Enforcement Actions: Week in Review - April 8th, 2016

(Apr 2016)

SEC ENFORCEMENT ACTIONS

SEC Charges Four in Fraudulent "Free Dinner" Scheme
April 4, 2016 (Litigation Release No. 63)
Joseph Andrew Paul, John D. Ellis, Jr., James S. Quay and Donald H. Ellison were charged for embezzling money from victims by soliciting a "free dinner" scheme, splitting the victims' money amongst themselves instead of on investments they proclaimed had high returns. Quay has previous convictions of fraud, and both Quay and Ellison have questionable registrations as...

Enforcement Actions: Week in Review - April 1st, 2016

(Apr 2016)

SEC ENFORCEMENT ACTIONS

Securities Professional Charged With Defrauding Institutional Investors
March 28, 2016 (Litigation Release No. 58)
The SEC has charged Andrew W.W. Caspersen for embezzling approximately $95 million from two institutions. Caspersen deceived and offered promissory notes issued by Irving Place II SPV LLC, a name deceptively similar to a legitimate private equity fund Irving Place Capital Partners III SPV that is in no way associated with Caspersen. The U.S. Attorney's...

Enforcement Actions: Week in Review - March 18th, 2016

(Mar 2016)

SEC ENFORCEMENT ACTIONS

SEC Approves 2016 PCAOB Budget and Accounting Support Fee
March 14, 2016 (Litigation Release No. 51)
The SEC approved the Public Company Accounting Oversight Board (PCAOB) annual budget and accounting support fee for 2016 which is a task that SEC is required to do annually according to the Sarbanes-Oxley Act. The Sarbanes-Oxley Act of 2002 was established in efforts of the SEC to oversee and approve the PCAOB's accounting support fee and budget which funds its...

Enforcement Actions: Week in Review - January 15th, 2016

(Jan 2016)

SEC ENFORCEMENT ACTIONS

SEC Announces 2016 Examination Priorities
January 11, 2016 (Litigation Release No. 4)
The SEC has announced its new 2016 priorities for its Office of Compliance Inspections and Examinations. The new priorities center around liquidity controls, public pension advisers, product promotion, exchange-traded funds, and variable annuities.

Julie M. Riewe, Co-Chief of Asset Management Unit, to Leave SEC After 10 Years of Service
January 11, 2016 (Litigation Release No. 5)...

Enforcement Actions: Week in Review - September 21st, 2015

(Sep 2015)

SEC ENFORCEMENT ACTIONS

SEC Obtains $30 Million from Traders who Profited on Hacked News Releases
September 14, 2015 (Litigation Release No. 191)
Ukrainian-based firm Jaspen Capital Partners and their CEO Andriy Supranonok have agreed to settle charges that they profited off of hacked, nonpublic information. The SEC have charged 34 people in a scheme that allegedly hacked into newswire services and transmitted the stolen data to international traders. The traders allegedly generated over...

Enforcement Actions: Week in Review - September 5th, 2015

(Sep 2015)

SEC ENFORCEMENT ACTIONS

SEC Halts Ongoing Fraud in Minnesota
September 2, 2015 (Litigation Release No. 176)
James M. Louks and FiberPop Solutions Inc. are being charged with fraud and are being ordered to stop raising money from investors. Fiberpop was founded in 2003 as a builder and operator of fiber optic networks and data centers. The SEC alleges that although almost 100 investors were convinced to purchase notes to fund the company's business, Fiberpop has no operators or employees....

Enforcement Actions: Week in Review - August 28th, 2015

(Aug 2015)

SEC ENFORCEMENT ACTIONS

SEC Announces Asset Freeze against Alleged EB-5 Fraudster in Seattle Area
August 25, 2015 (Litigation Release No. 173)
Lobsang Dargey, owner of multiple "Path America" companies including Path America SnoCo and Path America KingCo, is accused of defrauding Chinese investors who were seeking American citizenship through the EB-5 Immigrant Investor Pilot Program. The EB-5 program states foreign citizens may qualify for U.S. residency if they make an investment of...

Enforcement Actions: Week in Review - August 14th, 2015

(Aug 2015)

SEC ENFORCEMENT ACTIONS

Guggenheim Partners Investment Management LLC Settles Charges it Failed to Disclose Conflict to Clients
August 10, 2015 (Litigation Release No. 162)
The SEC has announced that charges against Guggenheim Partners Investment Management LLC have been settled for $20 million. The charges were over a breach of fiduciary duty in which Guggenheim failed to disclose a $50 million loan that an advisory client had given to a senior Guggenheim executive. The SEC order found...

Enforcement Actions: Week in Review - August 10th, 2015

(Aug 2015)

SEC ENFORCEMENT ACTIONS

SEC Charges Houston-Area Businessman in Ponzi Scheme
August 3, 2015 (Litigation Release No. 158)
Frederick Alan Voight, owner of F.A. Voight & Associates LP and DayStar Funding LP, has been charged with defrauding investors while operating a $114 million Ponzi scheme. As Ponzi scheme's tend to go, Voight's scheme was caught after he could not find enough new money to pay previous investors his promised 42% annual return rate. Recently, Voight raised $13.8 million...

Enforcement Actions: Week in Review - July 31st, 2015

(Jul 2015)

SEC ENFORCEMENT ACTIONS

SEC Charges Three Penny Stock Promoters Behind Pump-and-Dump Schemes
July 21, 2015 (Litigation Release No. 152)
Former Oppenheimer & Co. Inc. employees: Scott A. Eisler, Arthur W. Lewis and Robert Okin, agreed to settle the SEC's charges involving unregistered sales of billions of shares of penny stocks on behalf of an Oppenheimer customer. Lewis and Okin failed to respond to red flags associated with sales that violated the federal securities laws and allowed...

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