January 6, 2012

SD brokerage pays $4M to settle SEC charges

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San Diego\’s Investment Placement Group has agreed to pay $4 million to settle charges by the Securities and Exchange Commission that one of its former traders schemed to overcharge four Mexican pension funds as much as $65 million on their investments.

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SEC sues life settlements firm, alleges deception

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Federal securities regulators have sued a Texas-based provider of so-called \”life settlements,\” accusing it and three top executives of defrauding shareholders by overvaluing the life insurance policies it buys from its customers.

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Suffolk bank names ex-SEC official its CEO

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In WEST HILLS new road construction layout on THE NORTHERN ST PKWY EB between ROUND SWAMP RD/X39 and RT-110/X40 in MELVILLE In WEST HILLS new road construction layout on THE NORTHERN ST PKWY EB between ROUND SWAMP RD/X39 and RT-110/X40 in MELVILLE In WEST HILLS new road construction layout on THE NORTHERN ST PKWY EB between ROUND SWAMP RD/X39 and … (more)

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Court ruling makes Alyeska low-flow study look more like a political document

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The Alyeska low-flow study of the trans-Alaska pipeline released in June looks more and more like a political document designed to help bolster the attempt to get the Legislature to lower oil taxes, as proposed by Gov.

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SEC cuts settlement time for investors

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The settlement period of trading on the twin bourses will be three days instead of four, which will quicken payment in share transactions, an official of the Securities and Exchange Commission said yesterday.

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Accused Utah Ponzi operator seeks court protection

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A Fountain Green man is seeking court protection after the FBI and Internal Revenue Service launched a criminal investigation into what regulators say is a fraudulent real estate investment business that rivals the biggest financial fraud in Utah history.

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SEC fraud case could give new life to life settlements controversy

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Charges filed by the Securities and Exchange Commission against a life settlements provider could encourage the commission to revisit its recommendation that life settlements be considered securities, lawyers said.

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SEC warns of social media schemes after fraud case

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The warning follows civil charges filed by the Securities and Exchange Commission against an Illinois-based investment adviser who tried to sell fraudulent securities through Linkedin.

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JBI, Inc. Responds to SEC Lawsuit

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JBI, Inc. is profoundly disappointed by the erroneous allegations of fraud contained in the civil lawsuit filed by the Securities Exchange Commission earlier today.

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Verizon Details $20 Million More in Pay

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Verizon Communications Inc. has agreed to increase by $20 million the total disclosed pay for former Chief Executive Ivan Seidenberg, but the recently retired executive won\’t be getting any more money.

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