Thursday, October 22, 2015

SEC News - Manipulative Trading, Disclosure Failures, Fraud

Firm and Owner Charged With Manipulative Trading

A New York-based proprietary trading firm and one of its co-founders has been charged with engaging in a manipulative trading strategy known as “spoofing.” 

Three private equity fund advisers within The Blackstone Group have agreed to pay nearly $39 million to settle charges that they failed to fully inform investors about benefits that the advisers obtained from accelerated monitoring fees and discounts on legal fees.  Nearly $29 million of the settlement will be distributed to affected fund investors.

Two former top executives at OCZ Technology Group Inc. are facing charges for accounting failures at the now-bankrupt seller of computer memory storage and power supply devices. 

A Florida-based investment adviser and his company are facing charges for allegedly deceiving clients over a period of at least five years.

The attorneys at Sallah Astarita & Cox include veteran securities litigators and former SEC Enforcement Attorneys. We have decades of experience in securities litigation matters, including the defense of enforcement actions. We represent investors, financial professionals and investment firms, nationwide. For more information call 212-509-6544 or send an email.
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