Friday, December 18, 2015

SEC News - Disclosure Failures, Fraud, and False Statements

J.P. Morgan to Pay $267 Million for Disclosure Failures
Two J.P. Morgan wealth management subsidiaries have agreed to pay $267 million and admit wrongdoing to settle charges that they failed to disclose conflicts of interest to clients.

CEO of Pharmaceutical Company Charged with Fraud
The former CEO of pharmaceutical company Retrophin has been charged with committing fraud during a five-year period when he also was working as a hedge fund manager.

Hedge Fund Adviser Lied to Investors
A hedge fund adviser has been barred from the securities industry for making a series of false statements to investors and ultimately causing a fund’s collapse.

SEC Announces Fraud Charges Against Investment Adviser
Fraud charges have been announced against a Stamford, Conn.-based investment advisory firm accused of investing clients in certain bonds with a hidden financial benefit to a broker-dealer connected to the firm.

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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