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News and Alerts


Two UBS Advisory Firms Settle Charges Arising From Failure to Disclose Change in Investment Strategy - Settlement Will Return More Than $13 Million to Harmed Investors

The Securities and Exchange Commission today announced that two UBS advisory firms have agreed to settle charges arising from their roles in failing to disclose a change in investment strategy by UBS Willow Fund LLC, a closed-end fund they advised. Read more


Former Head of Coastal Investment Advisors Settles Charges, Admits He Stole Money From Investors

The Securities and Exchange Commission today announced that Michael Donnelly, the former president of Wilmington, Del.-based Coastal Investment Advisors Inc. and its affiliated broker-dealer, has agreed to settle charges that he stole nearly $2 million from his advisory clients and brokerage customers.Read more


SEC Charges Six Firms for Short Selling Violations in Advance of Stock Offerings

The Securities and Exchange Commission today announced enforcement actions against six firms, including more than $2.5 million in monetary sanctions and, in the case of one previously sanctioned firm, an order barring the firm from participating in stock offerings for a period of one year as part of its ongoing enforcement initiative focused on violations of Rule 105 of Regulation M. Read more


Investor Alert: Be on the Lookout for Investment Scams Related to the Recent Historic Rain and Flooding

The SEC's Office of Investor Education and Advocacy is issuing this Investor Alert to help educate investors, including individuals who may receive lump sum payouts from insurance companies and others following the recent historic rainfall and flooding in and around South Carolina, about investment fraud.Read more


SEC Charges New Jersey Fund Manager With Securities Fraud

The Securities and Exchange Commission today charged a New Jersey fund manager and his firm with defrauding investors by lying about his credentials, concealing trading losses, and using investor funds to make Ponzi-like payments to other investors. Read more