Federal Judge Hands Down 10-Year Sentence To Former Chief Accounting Officer For Beazer Homes USA, Inc.In April 2015, a federal judge in Charlotte, NC handed down a 10-year prison sentence to the former Chief Accounting Officer of Beazer Homes for accounting fraud and obstruction of justice
. Dr. O'Neal testified about the losses Beazer Homes shareholders incurred due to the fraud. The Judge adopted Dr. O'Neal's event-study calculations and rejected the competi ...[read more]
Reuters, February 18, 2015 - "Interactive Brokers must pay $667,000 for portfolio selloff mishap -panel"
In "Interactive Brokers must pay $667,000 for portfolio selloff mishap -panel"
Suzanne Barlyn reports on a $667,000 FINRA award against Interactive Brokers arising out of its alleged failure to auto-liquidate a hedge fund account in a commercially reasonable manner. The article quotes Craig McCann who testified about the defects of IB's auto-liquidation procedures and on damages ...[read more]
Wall Street Journal, January 14, 2015 - Katy Burne and Aaron Kuriloff "Regulators Want Data on Bond-Trade Fees, SEC, Others Scrutinize Markups Paid by
In Regulators Want Data on Bond-Trade Fees, SEC, Others Scrutinize Markups Paid by Retail Bond Investors
Katy Burne and Aaron Kuriloff report on continued efforts by regulators to improve transparency in the municipal bond market and thereby reduce the extraordinary undisclosed markups and markdowns dealers charge retail investors. The article cites SLCG's comprehensive study ...[read more]
Chicago Tribune, December 26, 2014 - Heather Gillers "Some have recouped millions from risky type of debt that plagues CPS"
In "Some have recouped millions from risky type of debt that plagues CPS,"
Heather Gillers reports on the success some municipal issuers have had in recovering losses suffered as a result of following investment banks advice to issue auction rate securities and simultaneously enter into interest rate swaps rather than issue fixed rate debt. Issuers like the Chicago Public School ...[read more]
Bloomberg TV, December 2, 2014 - "The Growth of Non-traded REITs"
SLCG's non-traded REIT research is cited in Deirdre Bolton's interview of Bob Rice of Tangent Capital Partners
on the growth of illiquid, high-cost non-traded REITs.
The non-traded REIT fees discussed in the Bloomberg TV segment is excerpted from Table 2 in our "A Primer on Non-Traded REITs and other Alternative Real ...
Bloomberg News, October 27, 2014 - "SEC's Cross Says Shine a Light on Tax-Free Market: Muni Credit"
In the Bloomberg News article "SEC's Cross Says Shine a Light on Tax-Free Market: Muni Credit"
William Selway and Brian Chappatta quote Craig McCann
and SLCG's municipal bond research ...
Bloomberg News, August 5, 2014 - "Muni Regulators May Force Brokers to Disclose Bond Trade Prices"
William Selway quotes Craig McCann
and SLCG's municipal bond research
in the Bloomberg News article "Muni Regulators May Force Brokers to Disclose Bond Trade Prices"
Wall Street Journal, July 12, 2014 - "Five Popular-but Dangerous-Investments for Individuals"
Kirsten Grind's "Five Popular - but Dangerous - Investments for Individuals"
discusses five retail investments, including non-traded REITs, leveraged and inverse ETFs and complex structured products, investors should avoid. The article quotes SLCG's Craig McCann
. ...[read more]