Guggenheim Unit to Pay SEC $20M Over Compliance Failures
The group failed to disclose an executive’s $50 million loan from a client; staff took “dozens of trips” on clients’ planes.
SEC Charges Pacific West Capital With Life Settlement Fraud
Pacific West and its owner hid and minimized "risks in order to sell more life settlements," the SEC said.
SEC Busts $12M FCC Cell Phone Scheme
SEC alleges that investors were promised potentially lucrative returns based on FCC spectrum licenses.
New Hire Roundup: SEC Names Pollock L.A. Exam Chief
Meanwhile, wealth advisory firm Presidio Group opens a new Washington office.
SEC Charges San Diego Firm, Execs in Kickback Scheme
SEC charged a San Diego-based investment advisory firm, two executives and another employee for misleading investors and breaching their fiduciary duties.
Phony Advisor in Hawaii Used Twitter to Bilk Clients: SEC
The SEC says a 27-year-old Honolulu woman attracted about $250,000 to her schemes via Twitter, Facebook and other websites.
SEC Names Goodman National Associate Director of BD Exams
The SEC has named Kevin Goodman national associate director of the broker-dealer examination program in the Office of Compliance Inspections and Examinations.
Ex-KPMG Partner Accused of Trading Insider Tips for ‘Bags of Cash and a Rolex’
The SEC on Thursday charged the former partner in charge of KPMG’s Pacific Southwest audit practice and his friend with insider trading.
New Hire Roundup: Benartzi to Serve as Achaean Academic Advisor
This week in new hires, Achaean Financial announced that Professor Shlomo Benartzi would become its first academic advisor, and Michele Wein Layne was named regional director of the SEC’s Los Angeles regional office.
SEC Charges Former CalPERS CEO With $20 Million Fraud
The SEC alleges that former CalPERS CEO Federico R. Buenrostro and his friend Alfred J.R. Villalobos fabricated documents given to New York-based private equity firm Apollo Global Management.