SEC, FINRA Enforcement: Ex-Barclays Analyst, 3 Others Fined for Insider Trading
Meanwhile, FINRA has fined Bloomberg Tradebook on short sale violations.
SEC Charges Marketing Company With International Ponzi Scheme
An international pyramid scheme raised more than $129 million worldwide, the SEC said, charging two execs with fraud.
SEC Acts to Halt JOBS Act Scam
The SEC on Thursday announced fraud charges against a Spokane Valley, Wash., company and its owner for misleading investors with claims it was raising billions in investment capital under the JOBS Act—before the law's rules are even finished.
SEC, FINRA Enforcement Roundup
Broker-dealer Cadaret, Grant fined; alleged $60 million Ponzi scheme targeted; Morgan Stanley in hotseat.
SEC Charges Former NAPFA Chairman in $47M Fraud
The SEC charged Mark Spangler, a former chairman of NAPFA, with defrauding clients by secretly investing their money in two risky startup companies he co-founded.
SEC Fraud Cases: ‘Next Google’ IPO; China Market Manipulation; Florida Ponzi Play
In Silicon Valley, a fake IPO fleeces investors for $7 million, and in Florida, an advisor targeting gays over-promises and under-delivers
New Hire Roundup: NAIBD Adds Two to Board; Former RBC Team Goes to JHS
This week in new hires, the National Association of Independent Broker-Dealers made two additions to its board of directors; a wealth management team formerly of RBC moved over to JHS Capital Advisors; and Direxion named a new mid-south senior sales director.
SEC Charges Advisor With ‘Soft Dollar’ Fraud
The SEC on Wednesday charged a San Francisco-area investment advisor with fraud for lying to clients about how brokerage commission rebates, or 'soft dollars,' were being used and producing phony documents to cover up the fraud during an SEC exam.