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

Displaying 41-50 out of 158 results for "Mutual Fund".

Enforcement Actions: Week in Review - May 2nd, 2014

(May 2014)

SEC ENFORCEMENT ACTIONS

SEC Charges Barry R. Bekkedam with Defrauding Investment Advisory Clients in Connection with Multimillion Dollar Rothstein Ponzi Scheme
April 30, 2014, (Litigation Release No. 22983)
According to the complaint, Barry R. Bekkedam, former SEC-registered investment advisor and former owner, Chairman, and Chief Executive Officer of Ballamor Capital Management, LLC, "fraudulently induced, or assisted in inducing, his advisory clients and others to invest approximately...

Enforcement Actions: Week in Review - April 25th, 2014

(Apr 2014)

SEC ENFORCEMENT ACTIONS

SEC Files Action Against Former Stock Promoter Now in Prison for Lying to SEC Investigators
April 23, 2014, (Litigation Release No. 22977)
According to the complaint, Robert J. Vitale and Realty Acquisitions & Trust, Inc. "fraudulently raised at least $8.7 million from investors through four real estate securities offerings" by making "materially false and misleading statements and omissions concerning, among other things, the credentials and experience of Vitale...

Enforcement Actions: Week in Review - April 18th, 2014

(Apr 2014)

SEC ENFORCEMENT ACTIONS

Federal Prosecutors Charge Massachusetts Resident with Criminal Contempt Based On Violations of Court Orders Obtained by the SEC
April 16, 2014, (Litigation Release No. 22973)
Last week, Steven Palladino was charged with 25 counts of criminal contempt "based on his repeated violations of Court orders obtained by the Commission in its civil action against Palladino and his...company, Viking Financial Group, Inc." The SEC's 2011 complaint alleged that the defendants...

Enforcement Actions: Week in Review - April 11th, 2014

(Apr 2014)

SEC ENFORCEMENT ACTIONS

SEC Charges Carter's, Inc.'s Former Vice-President of Operations with Insider Trading and Tipping
April 10, 2014, (Litigation Release No. 22970)
Richard T. Posey,former Vice-President of Carter's, Inc., has been charged with trading "based on inside information that he possessed as a result of his position at Carter's, and...tip[ping] material nonpublic information to the company's former Vice-President and Director of Investor Relations, Eric M. Martin." Posey...

Enforcement Actions: Week in Review - April 4th, 2014

(Apr 2014)

SEC ENFORCEMENT ACTIONS

SEC Charges Two Friends with Insider Trading Ahead of Impending Acquisition Announcement
April 3, 2014, (Litigation Release No. 22965)
According to the complaint, Walter D. Wagner and Alexander J. Osborn traded on insider information they learned from investment banker, John W. Femenia, "about the impending acquisition of The Shaw Group Inc." Wagner has agreed to a settle the charges by "disgorging his ill-gotten gains plus interest, with any additional financial...

Enforcement Actions: Week in Review - March 28th, 2014

(Mar 2014)

SEC ENFORCEMENT ACTIONS

SEC Obtains Order Enforcing Compliance with Order to Pay Over $5 Million in Disgorgement, Prejudgment Interest, and Civil Penalties
March 26, 2014, (Litigation Release No. 22952)
An opinion and order were entered this week "directing Walter Gerasimowicz, Meditron Asset Management, LLC, and Meditron Management Group, LLC to comply with the SEC order requiring them to pay $3,143,029.41 in disgorgement and pre-judgment interest, and a civil penalty of...

Enforcement Actions: Week in Review - March 21st, 2014

(Mar 2014)

SEC ENFORCEMENT ACTIONS

Manager of Pre-IPO Investment Funds Settles Fraud Claims
March 20, 2014, (Litigation Release No. 22949)
Frank Mazzola,brokerage firm Felix Investments, LLC, and investment adviserFacie Libre Management, Associates, LLC, have been charged with defrauding "investors in funds created to purchase shares of Facebook, Twitter, and other technology companies prior to their initial public offerings." According to the SEC, Mazzola and Felix Investments "arranged to be...

SEC Litigation Releases: Week in Review - March 14th, 2014

(Mar 2014)

SEC Files Subpoena Enforcement Action Against Charles Riel III for Failure to Produce Documents and Appear for Testimony in Investigation of Reinvest LLC Securities
March 14, 2014, (Litigation Release No. 22943)
The SEC has filed a subpoena enforcement action against Charles Riel III a/k/a Chuck Riel and REinvest LLC. The SEC previously served Riel and REinvest "with document subpoenas in January 2014" and a subpoena for Riel to "appear for sworn testimony in February 2014." According to the...

SEC Litigation Releases: Week in Review - March 7th, 2014

(Mar 2014)

SEC Obtains Summary Judgment Win On Liability Against All Defendants in a Penny Stock Fraud Case
March 5, 2014, (Litigation Release No. 22936)
A summary judgment was entered against StratoComm Corporation, its CEO, Roger D. Shearer, and its former Director of Investor Relations, Craig Danzig, for issuing and distributing "public statements falsely portraying the penny stock company as actively engaged in the manufacture and sale of telecommunications systems for use in underdeveloped...

SEC Litigation Releases: Week in Review - February 28th, 2014

(Feb 2014)

SEC Settles Claims Against Attorney Retained by Funds Involved in Fraudulent Investment Scheme
February 27, 2014, (Litigation Release No. 22934)
A final judgment was entered against attorney Robert Custis for his involvement in a Ponzi scheme orchestrated by Yusaf Jawed through companies Grifphon Asset Management, LLC and Grifphon Holdings, LLC. Custis agreed to the final judgment which permanently enjoins him from future violations of the securities laws and prohibits him from appearing or...

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