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01/31/2014

SEC Charges Two College Professors in Naked Short Selling Scheme Data Analysis by SEC Staff Breaks Case

The Securities and Exchange Commission today charged a pair of college professors in Tallahassee, Fla., with perpetrating a complex naked short selling scheme for more than $400,000 in illicit profits.Read more

01/29/2014

SEC Charges Chicago-Based Accountant With Insider Trading in Wife’s Account

The Securities and Exchange Commission today announced charges against the former director of internal audit at a Chicago-based health care information technology company for insider trading ahead of the release of its financial results and making more than a quarter-million dollars in illicit profits.Read more

01/27/2014

SEC Charges Legg Mason Affiliate With Defrauding Clients

The Securities and Exchange Commission today announced sanctions against a California-based investment adviser for concealing investor losses that resulted from a coding error and engaging in cross trading that favored some clients over others.Read more

01/15/2014

SEC Obtains Settlements in Penny Stock “Shell Packaging” Case

The Securities and Exchange Commission today announced nearly $300,000 in settlements against a Virginia-based “shell packaging” company and its CEO who were charged with facilitating a penny stock scheme as well as a Bronx, N.Y.-based stock promoter who received proceeds from the fraud.Read more

01/09/2014

SEC Charges Diamond Foods and Two Former Executives in Accounting Scheme to Boost Earnings Growth

The Securities and Exchange Commission today charged San Francisco-based snack foods company Diamond Foods and two former executives for their roles in an accounting scheme to falsify walnut costs in order to boost earnings and meet estimates by stock analysts. Read more