Selected Press Releases
SEC Charges Executives and Auditor of Electronic Game Card Company with Fraud
11/08/2012
Washington, D.C., Nov. 8, 2012 — The Securities and Exchange Commission today charged three executives with repeatedly lying to investors about the operations and financial condition of an Irvine, Calif.-based company that purported to sell credit card-size electronic games. The SEC also charged the company’s independent auditor with facilitating the scheme.Read moreStop Order Proceedings Instituted Against Caribbean Pacific Marketing
10/29/2012
Washington, D.C., Oct. 29, 2012 — The Securities and Exchange Commission today announced that it has instituted proceedings to determine whether to issue an order that would prevent sales of shares in Caribbean Pacific Marketing, Inc., based on allegations that the company's disclosure is misleading.Read moreSEC Charges Denver-Based Insurance Executive with Insider Trading
10/26/2012
Washington, D.C., Oct. 26, 2012 — The Securities and Exchange Commission today charged an insurance company CEO with insider trading based on confidential information he obtained in advance of a private investment firm acquiring a significant stake in a Denver-based oil and gas company.Read moreSEC Charges Silicon Valley Executive for Role in Galleon Insider Trading Scheme
10/26/2012
Washington, D.C., Oct. 26, 2012 — The Securities and Exchange Commission today charged a former senior executive at a Silicon Valley technology company for illegally tipping convicted hedge fund manager Raj Rajaratnam with nonpublic information that allowed the Galleon hedge funds to make nearly $1 million in illicit profits.Read moreHong Kong Firm to Pay $14 Million to Settle Insider Trading Charges
10/18/2012
Washington, D.C., Oct. 18, 2012 — The Securities and Exchange Commission today announced that a Hong Kong-based firm charged with insider trading in July has agreed to settle the case by paying more than $14 million, which is double the amount of its alleged illicit profits. The proposed settlement is subject to the approval of Judge Richard J. Sullivan of the U.S. District Court for the Southern District of New York.Read more