SEC Enforcement Division

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  Trader Caught in Apple Stock Scam

  By Melanie Waddell, AdvisorOne  |  April 15, 2013

  The SEC on Monday charged a former employee at a Connecticut-based brokerage firm with placing unauthorized orders to buy nearly $1 billion in Apple stock, ultimately causing the firm to cease operations.

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  SEC, FINRA Enforcement Roundup: Fund Execs First to Face Charges of Overvaluing Assets

  By Marlene Y. Satter, AdvisorOne  |  November 29, 2012

  Three top executives of KCAP Financial Inc., a New York-based publicly traded fund being regulated as a business development company, have been charged by the SEC with overstating the fund’s assets during the financial crisis. a complaint against the president and owner of a Polish-born brokerage firm for targeting the Polish...

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  The Case of the Aspirational AUM: SEC Says RIA Inflated AUM Tenfold

  By Melanie Waddell, AdvisorOne  |  November 20, 2012

  A New York-based firm inflated its AUM to qualify for SEC registration—literally moving decimals on a spreadsheet—while a San Francisco-based firm dithered for 18 months in delivering mutual fund records to the SEC.

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  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.

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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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  SEC Enforcement Roundup: $100M Real Estate Ponzi Scheme Busted

  By Marlene Y. Satter, AdvisorOne  |  June 28, 2012

  Recent SEC actions include shutting down two Ponzi schemes, one that brought in $100 million and another that collected $42 million. A Malaysian advisor was sued for not advising.

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  SEC Charges N.Y. Fund Manager in Fraudulent LP Deal

  By Melanie Waddell, AdvisorOne  |  May 25, 2012

  The SEC announced Friday that it brought charges against a New York-based fund manager and his two firms for luring investors into a trading program that would “purportedly maximize their profits but instead spent their money in unauthorized ways.”

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  New Hire Roundup: Solomon Named to SEC; Securities America Welcomes Lindsey

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

  This week in new hires, Matthew Solomon joined the SEC's enforcement division and John Lindsey went to Securities America.

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  Social Media and You

  By Melanie Waddell, AdvisorOne  |  February 1, 2012

  Social media: Those two words have become ever present in our daily lives and it’s safe to say that, to some extent, a good portion of us use a social media outlet on a daily basis.

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  SEC Charges Advisor With LinkedIn Fraud, Issues Social Media Alerts

  By Melanie Waddell, AdvisorOne  |  January 4, 2012

  The SEC on Wednesday charged an Illinois-based advisor with offering to sell fictitious securities on LinkedIn, and the agency also released three alerts warning advisors of the risks advisory firms and investors face when using social media.