Selected Press Releases
OppenheimerFunds to Pay $35 Million to Settle SEC Charges for Misleading Statements During Financial Crisis
06/06/2012
The Securities and Exchange Commission today charged investment management company OppenheimerFunds Inc. and its sales and distribution arm with making misleading statements about two of its mutual funds struggling in the midst of the credit crisis in late 2008.Read moreSEC Charges Company Officers and Penny Stock Promoters in Kickback and Market Manipulation Schemes
06/04/2012
The Securities and Exchange Commission today charged several penny stock companies and their officers as well as three penny stock promoters involved in various stock schemes in which bribes and kickbacks were paid to hype microcap stocks and illegally generate stock sales.Read moreMiami Hedge Fund Adviser Charged for Misleading Investors About "Skin in the Game" and Related-Party Deals
05/29/2012
The Securities and Exchange Commission today charged a Miami-based hedge fund adviser for deceiving investors about whether its executives had personally invested in a Latin America-focused hedge fund.Read moreSEC Halts Fraudulent Investment Scheme by New York-Based Fund Manager
05/25/2012
The Securities and Exchange Commission today announced charges against a New York-based fund manager and his two firms for luring investors into a trading program that would purportedly maximize their profits but instead spent their money in unauthorized ways.Read moreSEC Charges Northern California Fund Manager in $60 Million Scheme
05/24/2012
The Securities and Exchange Commission today charged an investment adviser in Scotts Valley, Calif., with running a $60 million investment fund like a Ponzi scheme and defrauding investors by touting imaginary trading profits instead of reporting the actual trading losses he incurred.Read more