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Selected Press Releases

SEC Releases Staff Study Recommending a Uniform Fiduciary Standard of Conduct for Broker-Dealers and Investment Advisers


Washington, D.C., Jan. 22, 2011 — The Securities and Exchange Commission submitted to Congress a staff study recommending a uniform fiduciary standard of conduct for broker-dealers and investment advisers -- no less stringent than currently applied to investment advisers under the Advisers Act -- when those financial professionals provide personalized investment advice about securities to retail investors.Read more

SEC Charges New York Hedge Fund and Wall Street Professionals in Galleon-Related Enforcement Action


Washington, D.C., Jan. 10, 2011 — The Securities and Exchange Commission today charged additional individuals and entities in its SEC v. Galleon insider trading case, including a New York hedge fund advisory firm, its hedge fund manager, an analyst at the hedge fund, a senior corporate executive in the technology sector, and an investor relations firm employee.Read more

Broker Accused of Defrauding Elderly Nuns Settles Case With SEC


Washington, D.C., Jan. 6, 2011 — The Securities and Exchange Commission today announced that a Long Island, N.Y.-based broker has agreed to settle charges against him for defrauding a congregation of mostly elderly nuns in the Bronx.Read more