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SEC Obtains Emergency Asset Freeze and Charges Adviser with $100 Million...

The Securities and Exchange Commission has charged Brenda Smith, a Pennsylvania investment adviser, with operating a $105 million fraud. The SEC also obtained an...

Cantor Fitzgerald and BMO Capital to Pay $4.5 Million for Improper...

The Securities and Exchange Commission has charged brokers Cantor Fitzgerald & Co. and BMO Capital Markets Corporation for improper handling of "pre-released" American Depositary...

SEC Begins Administrative Proceedings Against Broker Sentenced to Five Years in...

The Securities and Exchange Commission has instituted public administrative proceedings against a former broker who was sentenced to federal prison in June for wire...

SEC Obtains Final Judgments Against Founders of Real Estate Crowdfunding Portal

The Securities and Exchange Commission has obtained final judgments on two co-founders of a New York-based crowdfunding portal, iFunding LLC, who were charged last...

SEC and NASAA Issue Summary of Securities Laws Relating to Opportunity...

The Securities and Exchange Commission and the North American Securities Administrators Association (NASAA) have issued a summary that explains the application of the federal...

SEC Bars Longtime MetLife Broker for Stealing from Clients’ Insurance Policies

The Securities and Exchange Commission has barred longtime Metlife Securities broker Kwen Y. Chun after he was found guilty of taking out loans against...

SEC Enforcement Attorney Sworn in as Newest Commissioner

Allison Herren Lee was sworn into office on July 8 as a commissioner of the Securities and Exchange Commission. She was nominated by President...

SEC Charges President of Oil and Gas Company for Misusing Retail...

The Securities and Exchange Commission has charged Mark A. Plummer for misappropriating investor funds raised through Texas E&P Partners, Inc., his oil and gas...

SEC Fines Audit Firm KPMG $50 Million for “Astounding” Misconduct

The Securities and Exchange Commission has charged audit firm KPMG LLP with altering past audit work after receiving stolen information about inspections of the...

Federal Jury Convicts Broker and Investment Adviser on 21 Counts of...

Leon Vaccarelli, a Connecticut-based broker and investment adviser previously charged by the Securities and Exchange Commission, was found guilty by a federal jury on...