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08/21/2013

SEC Charges North Carolina-Based Investment Adviser for Misleading Fund Board About Algorithmic Trading Ability

The Securities and Exchange Commission today announced charges against a North Carolina-based investment adviser and its former owner for misleading an investment fund’s board of directors about the firm’s ability to conduct algorithmic currency trading so they would approve the firm’s contract to manage the fund.Read more

08/20/2013

SEC Charges Former Oppenheimer Private Equity Fund Manager with Misleading Investors about Valuation and Performance

Washington D.C., Aug. 20, 2013 —The Securities and Exchange Commission today charged a former portfolio manager at Oppenheimer & Co. with misleading investors about the valuation and performance of a fund consisting of other private equity funds.Read more

08/19/2013

Philip Falcone and Harbinger Capital Agree to Settlement

Washington D.C., Aug. 19, 2013 — The Securities and Exchange Commission today announced that New York-based hedge fund adviser Philip A. Falcone and his advisory firm Harbinger Capital Partners have agreed to a settlement in which they must pay more than $18 million and admit wrongdoing. Falcone also agreed to be barred from the securities industry for at least five years.Read more

08/01/2013

SEC Charges Purported Biofuel Company and a Dozen Individuals in Chicago-Based Pump-and-Dump Scheme

Washington D.C., Aug. 1, 2013 — The Securities and Exchange Commission today charged a purported biofuel company in Chicago and a dozen individuals in a pump-and-dump scheme that generated $4.4 million in illicit profits.Read more

07/31/2013

SEC Adopts Amendments to Financial Responsibility Rules for Broker-Dealers

Washington D.C., July 31, 2013 — The Securities and Exchange Commission today announced the adoption of amendments to the net capital, customer protection, books and records, and notification rules for broker-dealers.Read more