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Selected Press Releases

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

SEC, FINRA Issue Investor Alert On Pension or Settlement Income Streams

05/09/2013

Washington, D.C., May 9, 2013 — The Securities and Exchange Commission and the Financial Industry Regulatory Authority (FINRA) today issued an investor alert entitled Pension or Settlement Income Streams – What You Need to Know Before Buying or Selling Them.Read more

SEC Charges City of Harrisburg for Fraudulent Public Statements

05/06/2013

Washington, D.C., May 6, 2013 — The Securities and Exchange Commission today charged the City of Harrisburg, Pa., with securities fraud for its misleading public statements when its financial condition was deteriorating and financial information available to municipal bond investors was either incomplete or outdated.Read more