SEC Fines Linkbrokers $18 Million for Hidden Fees
Linkbrokers Derivatives purported to charge clients very low commission fees, but actually extracted fees that, in some cases, were more than 1,000% greater.
Harbinger Capital COO to Pay SEC Fine Over Falcone Scheme
Peter Jenson admits wrongdoing in scheme to misappropriate millions from a hedge fund they managed to pay Falcone’s personal taxes.
Morgan Stanley to Pay $275M to SEC in Mortgage Case
Morgan Stanley units understated the number of delinquent loans in two mortgage-backed securities, the SEC says.
SEC Enforcement: Fund Manager Charged With Defrauding Fellow Church Members
In other actions, the SEC fined Rafferty Capital Markets for facilitating trades for an unregistered firm.
Don’t Get Smoked by Marijuana-Related Investments, SEC Warns
The SEC halts trading of yet another purported pot-related firm and warns investors that newly liberalized marijuana laws beckon fraudsters.
SEC Fines Traders $3M for ‘Spoofing,’ ‘Layering’
Two firms and five individuals tricked investors into buying or selling stocks through orders that were later canceled, SEC says.
SEC Busts Variable Annuity Scam Targeting Terminally Ill
Brokers and an advisory firm used variable annuities with death benefits to cash in on patients' demise, SEC says.
SEC to Muni Violators: Self-Report, or Face Tougher Sanctions
The SEC on Monday encouraged issuers and underwriters of municipal securities to self-report violations under a new continuing disclosure initiative.
Senior Microsoft Portfolio Manager Hit With Insider Trading Charge
The manager and his partner traded on insider info about e-reader investments and quarterly results, the SEC said.
SEC Puts Fund Directors in Spotlight
The SEC enforcement division will put a heightened focus on fund boards’ approval of advisor fees, the co-director of the division said Wednesday.