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.
SEC Charges San Diego Advisor With Cherry-Picking, Soft Dollar Scheme
The SEC charged a firm and its president with steering winning trades to favored clients and misusing soft dollars.
CBOE to Pay $6M Fine to SEC Over Regulatory ‘Breakdowns’
The CBOE was charged with various violations, including a “failure to enforce or even fully comprehend” rules to prevent abusive short selling.
SEC Enforcement: Oil Firm Busted for Bribing Iran Official; Goldman VP Settles Pay-to-Play Charge
Among recent actions by the SEC were charges against a French oil and gas company for bribery and against a Dallas-based trader for front-running. Also, a former Goldman Sachs vice president agreed to settle earlier pay-to-play charges.
Nasdaq to Pay SEC $10M Over Botched Facebook IPO
The SEC on Wednesday charged Nasdaq with violations resulting from “poor systems and decision-making” during the IPO and secondary trading of Facebook shares.
Trader Caught in Apple Stock Scam
The SEC on Monday charged a former employee at a Connecticut-based brokerage firm with placing unauthorized orders to buy nearly $1 billion in Apple stock, ultimately causing the firm to cease operations.