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05/23/2013

SEC Charges Institutional Shareholder Services in Breach of Clients' Confidential Proxy Voting Information

Washington, D.C., May 23, 2013 — The Securities and Exchange Commission today charged charged Rockville, Md.-based proxy adviser Institutional Shareholder Services (ISS) for failing to safeguard the confidential proxy voting information of clients participating in a number of significant proxy contests.Read more

05/22/2013

SEC Charges City of South Miami with Defrauding Investors About Tax-Exempt Status of Municipal Bonds

Washington, D.C., May 22, 2013 — The Securities and Exchange Commission today charged the City of South Miami, Fla., with defrauding bond investors about the tax-exempt financing eligibility of a mixed-use retail and parking structure being built in its downtown commercial district.Read more

05/16/2013

SEC Charges Chicago-Area Father and Son Conducted Cherry-Picking Scheme at Investment Firm

Washington, D.C., May 16, 2013 — The Securities and Exchange Commission today charged a father and son and their Chicago-area investment advisory firm with defrauding clients through a cherry-picking scheme that garnered them nearly $2 million in illicit profits, which they spent on luxury homes, vehicles, and vacations.Read more

05/15/2013

SEC Charges China-Based Executives in Scheme to Overstate Revenues and Divert Money for Personal Use

Washington, D.C., May 15, 2013 — The Securities and Exchange Commission today charged husband-and-wife executives at a China-based company with engaging in a scheme to overstate the company’s revenues and divert proceeds from a securities offering for their personal use.Read more

05/09/2013

Pension or Settlement Income Streams

What You need to Know Before Buying or selling Them. Do you receive a monthly pension from a former employer? Are you getting regular distributions from a settlement following a personal injury lawsuit? If so, you may be targeted by salespeople offering you a lump sum today to buy the rights to some or all of the payments you would otherwise receive in the future. Retired government employees and retired members of the military are among those being approached with such offers. Typically the lump sum offered will be less—sometimes much less—than the total of the periodic payments you would otherwise receive...Read more