Fair Fund

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  SEC Enforcement Roundup: BP to Pay Third Largest Penalty in SEC History

  By Marlene Y. Satter, AdvisorOne  |  November 16, 2012

  As part of the $4.5 billion settlement with the U.S., BP admitted to misleading investors about the rate of the oil flow in the Deepwater Horizon disaster in the Gulf of Mexico in 2010.

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  BP to Pay $4.5 Billion in Gulf Spill; SEC Levies Huge Penalty

  By Marlene Y. Satter, AdvisorOne  |  November 15, 2012

  British oil company BP agreed Thursday to pay $4.5 billion to the U.S. in fines and other charges, including $525 million to the SEC–the third largest penalty ever assessed by the SEC–over the oil spill in the Gulf of Mexico.

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  SEC, FINRA Enforcement Roundup: Football Coach’s Ponzi Scheme; Wells Fargo Slapped

  By Marlene Y. Satter, AdvisorOne  |  August 16, 2012

  Recent actions by the SEC and FINRA ensnared a former Hall of Fame college football coach charged in an $80 million Ponzi scheme and a Wells Fargo vice president for failing to disclose the risks of mortgage-backed securities.

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  Citigroup to Pay $285 Million to Settle SEC Charges on CDO Deal

  By Melanie Waddell, AdvisorOne  |  October 19, 2011

  The SEC charged Citigroup’s principal U.S. broker-dealer subsidiary with betting against clients who invested in the CDO as the housing market showed signs of distress.

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  SEC Charges RBC Capital Markets in CDO Misconduct

  By Melanie Waddell, AdvisorOne  |  September 27, 2011

  In the latest crackdown on improper use of CDOs, the SEC on Tuesday charged RBC Capital Markets for misconduct in the sale of unsuitable investments to five Wisconsin school districts