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Our experts frequently write blog posts about the findings of the research we are conducting.

Displaying 621-630 out of 695 results

SEC Press Release: Defrauding New York Investors Investors

(Jun 2011)

SEC Charges Investment Adviser With Defrauding Investors in Two Upstate New York Real Estate Funds

The Securities and Exchange Commission (SEC) issued a press release today announcing that it had

"charged a Monticello, N.Y.-based investment adviser with fraudulently offering and selling securities in two upstate New York real estate funds he managed."

The press release also provides the SEC Complaint and the Litigation Release No. 21968.

According to the SEC, Lloyd v....

SEC Press Release: Reverse Mergers

(Jun 2011)

SEC Issues Bulletin on Risks of Investing in Reverse Merger Companies

The Securities and Exchange Commission (SEC) announced in a press release today announcing that it had "issued an Investor Bulletin about investing in companies that enter U.S. markets through so-called 'reverse mergers'." The purpose of the Investor Bulletin, according to SEC's Office of Investor Education and Advocacy's, is to educate investors on the potential risks of investing in the stock of reverse merger...

SEC Press Release: Microcap Stock Fraud

(Jun 2011)

SEC Suspends Trading in 17 Companies in Proactive Effort to Combat Microcap Stock Fraud

The Securities and Exchange Commission (SEC) issued a press release today announcing that it had

"suspended trading in 17 microcap stocks because of questions about the adequacy and accuracy of publicly available information about the companies, which trade in the over-the-counter (OTC) market."

The Order of Suspension of trading can be found on the SEC's website.

SEC's regional offices,...

SLCG Study on Competitiveness of Canadian Market for Securities

(Jun 2011)

Investment Industry Association of Canada Releases SLCG Study on Competitiveness of Canadian Market for Securities Data

SLCG was recently hired by the Investment Industry Association of Canada (IIAC) to investigate and write a report about the competitiveness in the market for securities data in Canada.

Canadian securities data costs have more than doubled since the mid-1990s. The IIAC alleged that these costs increases were not due to any improvement in technology or quality. SLCG...

FINRA Press Release: Collateralized Mortgage Obligations

(Jun 2011)

FINRA Fines Northern Trust Securities, Inc. $600,000 for Inadequate Supervision of Sales of Collateralized Mortgage Obligations and Certain High-Volume Securities Trades

The Financial Industry Regulatory Authority (FINRA) issued a press release today announcing that

"it has fined Northern Trust Securities $600,000 for deficiencies in supervising sales of collateralized mortgage obligations (CMOs) and failure to have adequate systems in place to monitor certain high-volume securities...

In the News: Auction Rate Securities Purchased by US Airways

(Jun 2011)

Forbes' blogger Bill Singer narrates the story of US Airways. Registered with Lehman Brothers at the time, three individuals were ordered to pay US Airways $15 million in damages for making unsuitable recommendations and unauthorized purchases of auction rate securities (ARS) and for the failure to provide proper supervision over the transactions of ARS made on behalf of US Airways.

ARS are long-term floating rate securities whose coupon payments are determined at auctions that are...

Joint SEC and FINRA Press Release: Structured Products

(Jun 2011)

The SEC and FINRA Issue Joint Press Release on Structured Products

The Security and Exchange Commission (SEC) issued a press release today jointly with the Financial Industry Regulatory Authority (FINRA) dealing with structured products with "principal protection" - so called "principal protected notes." This press release announced that an investor alert had been issued to educate and warn investors about the substantial risks associated with investing in structured products.

FINRA's...

FINRA Press Release: Non-Traded REITs

(May 2011)

FINRA Charges David Lerner & Associates Over Sale of Non-traded Apple REITs

The Financial Industry Regulatory Authority (FINRA) issued a press release yesterday in which it announced that it had

"filed a complaint against David Lerner & Associates, Inc. (DLA), of Syosset, NY, charging the firm with soliciting investors to purchase shares in Apple REIT Ten, a non-traded $2 billion Real Estate Investment Trust (REIT), without conducting a reasonable investigation to determine whether...

FINRA Press Release: Subprime Securitizations

(May 2011)

FINRA Fines Credit Suisse Securities $4.5 Million and Merrill Lynch $3 Million for Misrepresentations Related to Subprime Securitizations

The Financial Industry Regulatory Authority (FINRA) issued a press release today announcing that

"it has fined Credit Suisse Securities (USA) LLC $4.5 million, and Merrill Lynch $3 million for misrepresenting delinquency data and inadequate supervision in connection with the issuance of residential subprime mortgage securitizations...

FINRA Investor Alert: Stock-Based Loan Programs

(May 2011)

Stock-Based Loan Programs: What Investors Need to Know

The Financial Industry Regulatory Authority (FINRA) published an Investor Alert on the risks and rewards of non-recourse stock-based loans, loans which are given to borrowers who pledge fully paid securities as collateral to the lenders. This collateral is the only recourse the lenders have with which to reclaim the loans from the borrowers. The lender holds the securities during the period of the loan and returns them - with profits...

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