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12/11/2012

SEC Charges New York-Based Fund Manager with Conducting Fraudulent Trading Schemes

Washington, D.C., Dec. 11, 2012 — The Securities and Exchange Commission today charged a New York-based fund manager with conducting a pair of illegal trading schemes to financially benefit his investment fund Octagon Capital Partners LP.Read more

12/10/2012

SEC Charges Eight Mutual Fund Directors for Failure to Properly Oversee Asset Valuation

Washington, D.C., Dec. 10, 2012 — The Securities and Exchange Commission today announced charges against eight former members of the boards of directors overseeing five Memphis, Tenn.-based mutual funds for violating their asset pricing responsibilities under the federal securities laws.Read more

12/10/2012

SEC Charges New Jersey-Based Consultant to Chinese Reverse Merger Companies with Violating Securities Laws

Washington, D.C., Dec. 10, 2012 — The Securities and Exchange Commission today charged a New Jersey-based consultant with violating securities laws and defrauding some investors while helping Chinese companies gain access to the U.S. capital markets.Read more

12/07/2012

SEC Charges Florida-Based Lawyer with Forging Attorney Opinion Letters for Microcap Stocks

Washington, D.C., Dec. 7, 2012 — The Securities and Exchange Commission today announced charges against a Florida-based securities lawyer for issuing fraudulent attorney opinion letters that resulted in more than 70 million shares of microcap stock becoming available for unrestricted trading by investors.Read more

12/07/2012

SEC Charges Prominent Entrepreneur in Miami-Based Scheme

Washington, D.C., Dec. 7, 2012 — The Securities and Exchange Commission today charged a prominent Miami-based entrepreneur with defrauding investors by grossly exaggerating the financial success of his company that purportedly produced housing materials to withstand fires and hurricanes. Claudio Osorio stole nearly half of the money raised from investors to pay the mortgage on his multi-million dollar mansion and other lavish highlife expenses.Read more