SEC alleges Cheshire firm bilked investors of $9b
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The Securities and Exchange Commission yesterday accused a Western Massachusetts company of bilking investors of $9 million by using high-pressure sales tactics and promises of extraordinary returns to induce them to buy shares in unproductive oil and gas projects.
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WASHINGTON -- Twenty-nine investment firms, including some of Wall Street&#39;s biggest names, have been fined a total $9.2 million by securities regulators who said they were late in reporting disciplinary history and other data about their brokers.
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The Securities and Exchange Commission has sued JB Oxford Holdings Inc., a small brokerage and clearing company, and three of its executives for allegedly
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Marsh &amp; McLennan Cos. (MMC.N: Quote, Profile, Research) , the insurance broker accused by New York&#39;s Attorney General Eliot Spitzer of bid-rigging fraud, on
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Citigroup Inc. C.N faces a lawsuit  from angry investors who allege they were defrauded in a  "massive scheme of deception" when they bought securities tied  to the credit-worthiness of bankrupt energy trader Enron Corp.  ENRNQ.PK.
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HARTFORD, July 23  â The Hartford Financial Services Group paid $115 million to settle accusations that it allowed illegal trading in some mutual funds, the company and the Connecticut attorney general, Richard Blumenthal, announced on Monday.
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Federal prosecutors today unsealed criminal charges against more than a dozen people -- including former executives at three of Wall Street's elite investment banks and traders at prominent hedge funds -- for engaging in thousands of improper trades in a pair of wide-ranging schemes.
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NEW YORK, Sept. 25 -- A former hedge fund manager has been charged with criminal insider trading for allegedly profiting from confidential information she had received from Arlington investment firm Friedman Billings Ramsey Group Inc.
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The Securities and Exchange Commission filed a lawsuit on Wednesday against the brokerage firm JB Oxford Holdings and its National Clearing Corporation unit, accusing them of improper mutual fund trading.
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CHINA Aviation Oil Singapore Corp (CAO), which revealed a US$550 million ($900 million) trading loss earlier in the week, is being probed by the Commercial Affairs Department (CAD), which investigates white-collar crime.
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Nine people have been arrested over an alleged attempt to defraud millions of pounds from a series of charities, police and reports said.
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The stateâs top securities regulator accused Merrill Lynch on Friday of defrauding the city of Springfield with subprime-linked investments.
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Twenty-nine investment firms, including some of Wall Street's biggest names, have been fined a total $9.2 million by securities regulators who said they were late in reporting disciplinary history and other data about their brokers. The investment arms of Merrill Lynch &amp; Co. and Wachovia Corp. were barred from registering new brokers for five business days.
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The U.S. Securities and Exchange  Commission is examining whether J.P. Morgan Chase & Co. should  have known that the Canary Capital Partners LLC hedge fund was  making improper trades, the Wall Street Journal reported on  Thursday.
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Securities regulators sued two former financial advisers at Morgan Stanley  on Friday for defrauding at least 50 mutual fund companies and their shareholders.
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A U.S. real estate fund has sued HSBC Holdings  alleging the British bank's U.S. mortgage trading operation took advantage of the credit crisis to profit at the expense of the fund, the Wall Street Journal reported.
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Jefferies Group Inc. , a New York-based brokerage, is under investigation by the US Securities and Exchange Commission as part of a probe into whether brokers doled out gifts to mutual fund executives to win trading business, people familiar with the matter said.