Wednesday, January 21, 2015

SEC Press Releases

Canadian Man Charged With Conducting Fraudulent Trading Scheme

A man living in Ontario, Canada, has been charged with orchestrating a lucrative market manipulation scheme that relied on “layering” in which a trader places orders solely to trick others into buying or selling U.S. publicly traded stocks at artificially inflated or depressed prices.

A subsidiary of UBS has been charged with disclosure failures and other securities law violations related to the operation and marketing of its dark pool.

Charges have been announced charges against attorneys, auditors, and others allegedly involved in a microcap scheme the agency stifled last year when it suspended the registration statements of 20 purported mining companies being used for sham offerings of stock to investors.
The SEC 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).
Post a Comment