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News and Alerts

06/18/2015

SEC Charges Microcap Oil Company, CEO, and Stock Promoter With Defrauding Investors

The Securities and Exchange Commission today charged a Texas-based oil company and its CEO with defrauding investors about reserve estimates and drilling plans, and charged the author of a stock-picking newsletter for his role in a fraudulent promotional campaign encouraging readers to buy the oil company’s penny stock shares.Read more

06/17/2015

Investor Alert: Beware of Fantasy Stock Trading Websites Offering Real Returns

The SEC’s Office of Investor Education and Advocacy is issuing this Investor Alert to warn investors about fantasy stock trading and other similar websites that may violate federal securities laws designed to protect investors from abuses in the swaps market.Read more

06/16/2015

SEC Announces Charges Against Retirement Plan Custodian in Connection With Ponzi Scheme

The Securities and Exchange Commission today announced charges against an Ohio-based self-directed IRA provider accused of ignoring red flags for accounts with investments that turned out to be fraudulent.Read more

06/15/2015

Investment Advisory Firm’s Former President Charged With Stealing Client Funds

The Securities and Exchange Commission today announced fraud charges against a Washington D.C.-based investment advisory firm’s former president accused of stealing client funds. The firm and its chief compliance officer separately agreed to settle charges that they were responsible for compliance failures and other violations.Read more

06/10/2015

SEC Charges Phony Hedge Fund Manager With Theft of Money Invested by Small Businesses

The Securities and Exchange Commission today announced fraud charges against a New Jersey man accused of posing as a hedge fund manager and defrauding small companies out of more than $4 million. Read more