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03/15/2013

CR Intrinsic Agrees to Pay More than $600 Million in Largest-Ever Settlement for Insider Trading Case

Washington, D.C., March 15, 2013 — The Securities and Exchange Commission today announced that Stamford, Conn.-based hedge fund advisory firm CR Intrinsic Investors has agreed to pay more than $600 million to settle SEC charges that it participated in an insider trading scheme involving a clinical trial for an Alzheimer’s drug being jointly developed by two pharmaceutical companies.Read more

03/15/2013

SEC Charges Hedge Fund Firm Sigma Capital with Insider Trading

Washington, D.C., March 15, 2013 — The Securities and Exchange Commission today announced that New York-based hedge fund advisory firm Sigma Capital Management has agreed to pay nearly $14 million to settle charges that the firm engaged in insider trading based on nonpublic information obtained through one of its analysts about the quarterly earnings of Dell and Nvidia Corporation.Read more

03/11/2013

SEC Charges Private Equity Firm, Former Executive, and Consultant for Improperly Soliciting Investments

Washington, D.C., March 11, 2013 — The Securities and Exchange Commission today announced charges against New York-based private equity firm Ranieri Partners, a former senior executive, and an unregistered broker who violated securities laws when soliciting more than $500 million in capital commitments for private funds managed by the firm.Read more

03/11/2013

SEC Charges Illinois for Misleading Pension Disclosures

Washington, D.C., March 11, 2013 — The Securities and Exchange Commission today charged the State of Illinois with securities fraud for misleading municipal bond investors about the state’s approach to funding its pension obligations.Read more

03/11/2013

SEC Charges New York-Based Private Equity Fund Advisers with Misleading Investors about Valuation and Performance

Washington, D.C., March 11, 2013 — The Securities and Exchange Commission today charged two investment advisers at Oppenheimer & Co. with misleading investors about the valuation policies and performance of a private equity fund they manage.Read more