Wednesday, April 22, 2015

SEC News - Undisclosed Perks, Insider Trading, and Fraud

Fraud Charges Against Investment Adviser Accused of Concealing Poor Performance of Fund Assets From Investors
An investment adviser and her New York-based firms have been accused of hiding the poor performance of loan assets in three collateralized loan obligation (CLO) funds they manage.

Former Polycom CEO Charged With Hiding Perks From Investors
The former CEO of Silicon Valley-based technology firm Polycom Inc. has been charged with using nearly $200,000 in corporate funds for personal perks that were not disclosed to investors.

North Carolina Executive Charged With Fraud
The owner and chief executive of a North Carolina business has been charged with defrauding a publicly-traded telecommunications company and its shareholders during and after its acquisition of his business.

Friends Charged With Insider Trading on Acquisition of Cooper Tire
Two longtime friends who illegally profited from insider trading on news of a proposed acquisition of Cooper Tire and Rubber Company by Apollo Tyres Ltd are now facing charges.

Firms and Individuals Charged for Defrauding Investors in Cellular Licensing Scheme
12 companies and six individuals have been charged with defrauding investors in a scheme involving applications to the Federal Communications Commission (FCC) for cellular spectrum licenses.

The attorneys at Sallah Astarita & Cox, LLC include veteran securities litigators and former SEC Enforcement Attorneys. We have decades of experience in securities litigation matters, including SEC and FINRA investigations, insider trading cases, securities arbitrations and class actions, nationwide. For more information call 212-509-6544 or send an email.
Post a Comment