- SEC Charges HSBC’s Swiss Private Banking Unit With Providing Unregistered Services to U.S. Clients November 25, 2014The Securities and Exchange Commission today charged HSBC’s Swiss-based private banking arm with violating federal securities laws by failing to register with the SEC before providing cross-border brokerage and investment advisory services to U.S. clients. HSBC Private Bank (Suisse) agreed to admit wrongdoing and pay $12.5 million to settle the SEC’s charges […]
- SEC Charges Penny Stock Company Executives in New Jersey With Issuing False Press Releases to Inflate Stock Price November 21, 2014The Securities and Exchange Commission today charged father-and-son executives at a New Jersey-based penny stock company for issuing false and misleading press releases while secretly selling thousands of their own stock shares into the market. They agreed to pay nearly $325,000 and accept officer-and-director bars to settle the SEC’s charges. Conolog Corpo […]
- SEC Charges CEO and Close Friend With Insider Trading Ahead of Company Sale November 21, 2014The Securities and Exchange Commission today announced insider trading charges against a then-CEO and a close friend he provided with confidential details about his New Jersey-based company’s nonpublic merger discussions that enabled the friend to make $164,260 in trading profits after it was sold to a private equity firm. The SEC alleges that William E. Red […]
- Wedbush Securities and Two Officials Agree to Settle SEC Case November 20, 2014The Securities and Exchange Commission today announced that Los Angeles-based broker-dealer Wedbush Securities agreed to settle a pending SEC case for market access violations by admitting wrongdoing, paying a $2.44 million penalty, and retaining an independent consultant. The SEC’s order finds that Wedbush violated the market access rule by failing to have […]
- SEC Suspends Trading in Companies Touting Operations Related to Prevention or Treatment of Ebola November 20, 2014The Securities and Exchange Commission today suspended trading in four companies that claim to be developing products or services in response to the Ebola outbreak, citing a lack of publicly available information about the companies’ operations. The SEC simultaneously issued an investor alert warning about the potential for fraud in microcap companies purpor […]
Stock Fraud Blog (Latest)
FORT LAUDERDALE, Florida–(BUSINESS WIRE)–Soreide Law Group ha presentado demandas en nombre de los inversores que adquirieron fondos de bonos po...
The Securities and Exchange Commission (SEC) charged former JP Turner and Company, LLC, of Atlanta, broker Jason Konner for churning client...
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