Division of Enforcement

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  U.S. Charges SAC Capital Unit in $276 Million Insider Trading Scheme

  By Melanie Waddell, AdvisorOne  |  November 20, 2012

  The SEC, in its largest insider trading case ever, and the Department of Justice charged hedge fund advisory firm CR Intrinsic Investors, which is a unit of SAC Capital, its former portfolio manager and a medical consultant with insider trading.

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  J.P. Morgan, Credit Suisse to Pay Combined $400 Million Settlement for RMBS Violations

  By Melanie Waddell, AdvisorOne  |  November 16, 2012

  The SEC alleges that J.P. Morgan misstated information about the delinquency status of mortgage loans that provided collateral for an RMBS offering in which it was the underwriter, while Credit Suisse similarly failed to accurately disclose its practice of retaining cash for itself from the settlement of claims against mortgage...

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  SEC Socks MassMutual With $1.6 Million VA Penalty

  By Melanie Waddell, AdvisorOne  |  November 15, 2012

  The SEC on Thursday charged Massachusetts Mutual Life Insurance Co. with securities law violations for failing to sufficiently disclose the potential negative impact of a “cap” it placed on a complex investment product that investors were planning to use for retirement.

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  SEC, DOJ Release Foreign Corrupt Practices Act Guide

  By Melanie Waddell, AdvisorOne  |  November 14, 2012

  The Securities and Exchange Commission and the Department of Justice released Wednesday A Resource Guide to the U.S. Foreign Corrupt Practices Act, a 120-page guide providing a detailed analysis of the U.S. Foreign Corrupt Practices Act and closely examines the SEC and DOJ approach to FCPA enforcement.

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  SEC Charges Four Brokers With Overcharging Customers $18.7 Million

  By Melanie Waddell, AdvisorOne  |  October 5, 2012

  The SEC charged four brokers who formerly worked on the cash desk at a New York-based BD with using hidden markups and markdowns and secretly keeping portions of profitable customer trades.

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  Hedge Fund Managers Charged With Ripping Off Investors, Including a Retired Teacher

  By Melanie Waddell, AdvisorOne  |  October 3, 2012

  The SEC charged one manager with stealing more than $500,000 from a retired schoolteacher who thought she was investing her retirement savings in a hedge fund.

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  Goldman Sachs Agrees to Pay $12 Million for Pay-to-Play Violations

  By Melanie Waddell, AdvisorOne  |  September 27, 2012

  SEC says Goldman fine is the biggest it has levied for MSRB pay-to-play violations, this one involving undisclosed contributions to a political candidate a Goldman banker was soliciting for business.

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  SEC Enforcement Roundup: Radio Financial Guru Charged

  By Marlene Y. Satter, AdvisorOne  |  September 6, 2012

  Recent SEC enforcement actions include charges against a California man who tipped off a hedge fund manager with inside information and a radio personality who misled investors about an investing plan.

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  SEC Hands Out First Whistleblower Award

  By Melanie Waddell, AdvisorOne  |  August 21, 2012

  The SEC announced Tuesday that it has given its first whistleblower award to an individual who helped the agency stop a multimillion-dollar fraud.

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  SEC Charges Falcone, Harbinger Capital With Fraud

  By John Sullivan, AdvisorOne  |  June 27, 2012

  The charges "read like the final exam in a graduate school course in how to operate a hedge fund unlawfully," the agency says.