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Selected Press Releases

SEC Charges Dallas-Based Trader With Front Running

05/24/2013

Washington, D.C., May 24, 2013 — The Securities and Exchange Commission today announced fraud charges and an asset freeze against a trader at a Dallas-based investment advisory firm who improperly profited by placing his own trades before executing large block trades for firm clients that had strong potential to increase the stock's price.Read more

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

05/23/2013

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

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

05/22/2013

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

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

05/16/2013

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

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

05/15/2013

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