Robert Khuzami

• 

  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.

• 

  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.

• 

  SEC Budget Stretched as More Execs Fight Lawsuits

  By John Sullivan, AdvisorOne  |  May 22, 2012

  Executives are “calling their bluff,” and the agency is struggling with a surge of companies willing to defend themselves.

• 

  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 OptionsXpress in Naked Short Selling Scheme

  By John Sullivan, AdvisorOne  |  April 16, 2012

  The SEC on Monday charged the Schwab-owned online options firm optionsXpress, as well as four officials at the firm and a customer, in an alleged abusive naked short selling scheme.

• 

  New York Appeals Court Gives SEC-Citigroup Deal New Life

  By Larry Neumeister, Associated Press  |  March 16, 2012

  A federal appeals court said Judge Rakoff likely overstepped his authority when he blocked the SEC's $285 million settlement with Citi over toxic mortgage securities.

• 

  Brookstreet CEO Fined $10 Million for Selling Risky CMOs to Seniors

  By Melanie Waddell, AdvisorOne  |  March 2, 2012

  A federal judge has ordered the former CEO of Brookstreet Securities to pay a $10 million penalty for selling risky and illiquid collateralized mortgage obligations to seniors during the financial crisis.

• SEC Changes Policy on Admission of Guilt in Fraud Cases

  By Melanie Waddell, AdvisorOne  |  January 9, 2012

  The new policy, according to the SEC, does not require admissions or adjudications of fact beyond those already made in criminal cases, but eliminates language that may be construed as inconsistent with admissions or findings that have already been made in the criminal cases.

• 

  SEC Charges Texas Firm With Life Settlements Fraud

  By Melanie Waddell, AdvisorOne  |  January 4, 2012

  The SEC on Tuesday charged Texas-based financial services firm Life Partners Holdings Inc. and three of its senior executives for their involvement in a fraudulent disclosure and accounting scheme involving life settlements.

• 

  Risk-Based Oversight of Investment Advisors

  By Les Abromovitz  |  January 1, 2012

  Even if the SEC had a larger budget and more resources, it is doubtful that the Commission would have the resources to regularly examine all RIAs. Therefore, the SEC is likely to continue relying on risk-based oversight to fulfill its mission of protecting investors.