The Securities and Exchange Commission has announced that ITG Inc. and its affiliate AlterNet Securities have agreed to pay $20.3m to settle charges that they operated a secret trading desk and misused the confidential trading information of dark pool subscribers.
The Securities and Exchange Commission has announced that Guggenheim Partners Investment Management has agreed to settle charges it breached its fiduciary duty by failing to disclose a $50m loan that one of its senior executives received from an advisory client.
The Securities and Exchange Commission has announced an award of more than a million dollars to a compliance professional who provided information that assisted the SEC in an enforcement action against the whistleblower’s company.
The Securities and Exchange Commission has announced a series of federal securities law violations by Standard & Poor’s Ratings Services involving fraudulent misconduct in its ratings of certain commercial mortgage-backed securities (CMBS).
The Securities and Exchange Commission has charged a subsidiary of UBS with disclosure failures and other securities law violations related to the operation and marketing of its dark pool.
The Securities and Exchange Commission has announced that Acting Director George Canellos and former federal prosecutor Andrew Ceresney have been named Co-Directors of the Division of Enforcement.
The Securities and Exchange Commission announced that Merrill Lynch has agreed to pay $415m and admit wrongdoing to settle charges that it misused customer cash to generate profits for the firm and failed to safeguard customer securities from the claims of its creditors.
The Securities and Exchange Commission has charged a Rhode Island agency and its bond underwriter Wells Fargo Securities with defrauding investors in a municipal bond offering to finance startup video game company 38 Studios.
The Securities and Exchange Commission has announced a whistleblower award totalling more than $325,000 for a former investment firm employee who tipped the agency with specific information that enabled enforcement staff to open an investigation and uncover the extent of the fraudulent activity.