Selected Press Releases
SEC Charges N.Y.-Based Fund Manager and Others With Securities Law Violations Related to Chinese Reverse Merger Company
07/30/2012
The Securities and Exchange Commission today charged New York-based investment manager Peter Siris and two of his firms with a host of securities law violations mostly related to his activities with a Chinese reverse merger company, China Yingxia International Inc.Read moreSEC Charges Close Friend of Staffing Company CEO with Insider Trading Around Acquisition
07/25/2012
The Securities and Exchange Commission has charged the close friend of a CEO with insider trading in the stock of a Houston-based employment services company by exploiting confidential information he learned while they were spending time together.Read moreSEC Charges CEO With Insider Trading in Secondary Offering of Company Stock
07/19/2012
The Securities and Exchange Commission today charged the chairman and CEO of a Santa Ana, CA-based computer storage device company with insider trading in a secondary offering of his stock shares with knowledge of confidential information that a major customer’s demand for one of its most profitable products was turning out to be less than expected.Read moreSEC Charges Chicago-Based Consulting Firm and Executives With Accounting Violations
07/19/2012
The Securities and Exchange Commission today charged a Chicago-based consulting firm and two of its former executives with accounting violations that overstated the company’s income for multiple years.Read moreSEC Charges Mizuho Securities USA with Misleading Investors by Obtaining False Credit Ratings for CDO
07/18/2012
The Securities and Exchange Commission today charged the U.S. investment banking subsidiary of Japan-based Mizuho Financial Group and three former employees with misleading investors in a collateralized debt obligation (CDO) by using “dummy assets” to inflate the deal’s credit ratings. The SEC also charged the firm that served as the deal’s collateral manager and the person who was its portfolio manager.Read more