Ex-UBS Intern Sues for $5M Over Sexual Harassment, Discrimination
Young woman says her advisor boss promised her purses and shoes as “a bonus” for sexual favors.
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.
New Hire Roundup: Clearbrook Names Leslie Billet Managing Director
Deb Clarke has become Mercer's global head of investment research, and Bruce Graham recently joined CAPTRUST Financial Advisors as a vice president and advisor.
Hedge Fund Manager Falcone Agrees to Pay $18M to SEC, Admits Wrongdoing
Hedge fund manager Philip Falcone and his advisory firm, Harbinger Capital Partners, settled their fraud case with the SEC on Monday...
SEC Enforcement Roundup: CR Intrinsic Slapped With Record Insider Trading Fine
The SEC settlement by CR Intrinsic was for $600 million, the largest ever in an insider trading case; meanwhile, a financier was charged in a scam involving pre-IPO Facebook stock.
SEC Enforcement Roundup: Hedge Fund Manager Fined $44 Million in China Scheme
Among recent enforcement actions taken by the SEC were charges against a Miami-based entrepreneur for defrauding investors.
SEC Enforcement Roundup: High School Dropout ‘Advisor’ Busted for Fraud
The SEC charged a man who was high school dropout and a phony “investment advisor” who spent his clients’ funds on drugs and gambling; and a group of former high school buddies were charged with engaging in insider trading.
SEC Enforcement Roundup: BP to Pay Third Largest Penalty in SEC History
As part of the $4.5 billion settlement with the U.S., BP admitted to misleading investors about the rate of the oil flow in the Deepwater Horizon disaster in the Gulf of Mexico in 2010.
DOL Slams Ivy Asset Management in $210 Million Madoff Settlement
The DOL announced a settlement with Ivy Asset Management, a unit of the Bank of New York Mellon, in which Ivy will pay $210 million to compensate investors who suffered losses in Bernie Madoff’s Ponzi scheme.
SEC, FINRA Enforcement Roundup: Cantor Fitzgerald Hit by FINRA
Among recent SEC and FINRA actions were Cantor Fitzgerald being censured and fined and FINRA imposing a $14 million settlement on a Hong Kong-based firm charged with insider trading.