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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

03/07/2013

SEC Charges California-Based Lawyer with Issuing Fraudulent Legal Opinion Letters

Washington, D.C., March 7, 2013 — The Securities and Exchange Commission today charged a California-based lawyer who has been fraudulently churning out baseless legal opinion letters for penny stocks through his website without researching and evaluating the individual stock offerings. Read more

03/04/2013

Investor Bulletin: Custody of Your Investment Assets

SEC-registered investment advisers who have custody of their clients’ funds or securities must safeguard those funds as required by the SEC’s “custody rule.” The custody rule is designed to provide additional safeguards for investors against the possibility of theft or misappropriation by investment advisers who are registered with the SEC. Despite the protections offered by the custody rule, investors still need to be proactive in ensuring the safety of their investments.Read more