Robert Khuzami

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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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  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.”

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  SEC Names Calamari Head of New York Regional Office

  By Melanie Waddell, AdvisorOne  |  October 19, 2012

  The office has responsibility for more than 4,000 investment banks, investment advisors, broker-dealers, mutual funds and hedge funds.

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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 Fines NYSE for Giving Proprietary Customers Head Start on Market Data

  By Joyce Hanson, AdvisorOne  |  September 14, 2012

  NYSE Euronext agreed to a $5 million penalty for sending market data to proprietary customers' feeds before broadcasting it publicly, becoming the first exchange to pay an SEC fine.

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  Is SEC Really Too Cozy With Wall Street?

  By Gil Weinreich, AdvisorOne  |  September 6, 2012

  Revelations of the close ties between a former SEC commissioner and key SEC policymakers are reviving questions about a so-called “revolving door” in which the lure of future high-paying jobs may improperly influence government decisions.