Enforcement Division

• 

  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.

• 

  Bruce Bent Cleared in SEC Fraud Charges

  By Melanie Waddell, AdvisorOne  |  November 13, 2012

  Bruce Bent, founder of the first money market fund, was cleared of fraud charges Monday after the SEC alleged that he deceived investors leading up to the Primary Reserve Fund “breaking the buck.”

• 

  SEC Brings More Insider Trading Actions in Galleon Case

  By Melanie Waddell, AdvisorOne  |  October 29, 2012

  The SEC says that it has now charged 32 defendants in its Galleon-related enforcement actions.

• 

  SEC, FINRA Enforcement Roundup: Former Billion-Dollar Hedge Fund Advisory Firm, Execs Slapped

  By Marlene Y. Satter, AdvisorOne  |  October 19, 2012

  Citigroup, Merrill Lynch and Natixis were among those sanctioned by the SEC and FINRA this week.

• 

  SEC Enforcement Roundup: Broker Charged With Stealing to Pay for Mortgage, Groceries

  By Marlene Y. Satter and Melanie Waddell, AdvisorOne  |  September 13, 2012

  Among recent SEC enforcement actions were charges that a broker stole client funds and used them to pay for his own personal expenses, including groceries and a mortgage.

• 

  SEC Charges 3 Brokers for Churning, Costing Clients $2.7 Million

  By Melanie Waddell, AdvisorOne  |  September 10, 2012

  The SEC said Monday that it has charged three former brokers at an Atlanta-based brokerage firm, JP Turner & Co., for “churning” the accounts of customers with conservative investment objectives, causing the customers to lose $2.7 million.

• 

  Is Lying and Cheating Key to Success? Many Financial Professionals Say Yes

  By Michael S. Fischer  |  July 11, 2012

  The law firm Labaton Sucharow releases the troubling results of a survey of 500 American and British financial services professionals on corporate ethics.

• 

  SEC Names Canellos Deputy Director of Enforcement

  By Melanie Waddell, AdvisorOne  |  May 1, 2012

  The SEC has appointed George Canellos, the current director of its New York regional office, as deputy director of the Division of Enforcement.

• 

  SEC Charges UBS Arm With Improper Mutual Fund Pricing

  By Melanie Waddell, AdvisorOne  |  January 17, 2012

  The SEC on Tuesday charged an investment advisory arm of UBS with failing to properly price securities in three mutual funds that it managed, which resulted in a misstatement to investors of the net asset values of those funds.

• 

  SEC Charges Former Fannie Mae, Freddie Mac Execs With Fraud

  By Marlene Y. Satter, AdvisorOne  |  December 16, 2011

  The Securities and Exchange Commission announced Friday that it has charged six former executives from Fannie Mae and Freddie Mac with securities fraud.