FBI Sting Busts Group of 5 for Microcap Fraud
The SEC and FBI warn that more undercover operations aimed at market manipulation and insider trading could be underway.
KPMG to Pay SEC $8.2M to Settle Independent Auditor Violations
KPMG broke auditor independence rules by providing prohibited non-audit services to affiliates of companies whose books they were auditing.
SEC Names Acting, Deputy Directors of Enforcement
The SEC announced Thursday that George Canellos has been named acting director, and that David Bergers, director of the SEC’s Boston Regional Office, has been named acting deputy director.
SEC Enforcement Roundup: Broker Charged With Stealing to Pay for Mortgage, Groceries
Among recent SEC enforcement actions were charges that a broker stole client funds and used them to pay for his own personal expenses, including groceries and a mortgage.
SEC Charges Broker With Stealing Clients’ Money to Pay for Mortgage and Groceries
The broker and his company based in Danbury, Conn., were charged with stealing at least $600,000 from clients and using the money to pay for his mortgage, grocery bills and other personal expenses.
New Hire Roundup: Fidelity Names Presidents, SIFMA Gains President and Board Members
This week in new hires, Fidelity Asset Management announced two new presidents in its fixed income division and SIFMA announced its new president and board members.