Forbes Wall Street Eugenics : SEC Charges Microcap Fraud . . . again Forbes After some three decades lawyering on Wall Street , I ask your pardon if, at times, I come off as overly cynical, hardboiled, and curmudgeonly. I mean, you know, seriously, if you've seen even a tenth of the garbage and nonsense that I have during my … and more
The investment group’s chief executive, who had gone on a leave of absence last month, will focus on fighting SEC charges over his tenure at Fannie Mae
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Mudd resigns from Fortress board
The SEC also cracked down on six executives from Fannie Mae and Freddie Mac for fraud relating to high-risk mortgage loans, including subprime loans. In a Maryland court, the SEC closed out its $700M fraud suit with …
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Expert Commercial: Tell It to the Judge: SEC Complaints and …
An important but fundamentally flawed debate about Fannie and Freddie's role in the ongoing crisis has raged since the SEC sued the former senior managers of both entities for securities fraud . The Wall Street Journal and …
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Fannie and Freddie Fantasies | The Big Picture
… from the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation, known as “ Fannie Mae and Freddie Mac,”were sued by the Securities and Exchange Commission (SEC) for civil fraud .
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7 of the Nastiest Scams, Rip-Offs and Tricks From Wall Street Crooks …
While the SEC filed a lawsuit alleging fraud against Fannie's former CEO Daniel Mudd, Enrico Dallavecchia, former CEO of Fannie Mae, and former EVP of single family mortgage Thomas Lund, and Richard Syron, former …
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Sen. Scott Brown asks for criminal investigation of GSEs | EUREKA …
As the lawsuit notes, the Securities and Exchange Commission has alleged securities fraud against former executives at Fannie and Freddie over deceptive and misleading public statements. But the SEC lawsuits concern …
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California Dreamin' on Fannie, Freddie – Developments – WSJ
On Friday, the Securities and Exchange Commission charged six former executives of Fannie Mae and Freddie Mac with securities fraud for misrepresenting their holdings of high-risk mortgage loans. In a statement SEC …
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La Mesa Realtor Among Latest Targeted in Fake BBB Email Scam …
Freddie Mac and Fannie Mae ARE broken! Watching the news about six top executives (with several millions of dollars in salary) being indicted for the mortgage mess….SEC charges ex- Fannie , Freddie CEOs with fraudAnd …
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Freddie Mac and Fannie Mae ARE broken! SEC sues ex CEOs for …
SEC Charges Former Fannie Mae And Freddie Mac Executives With Securities Fraud . Companies Agree to Cooperate in SEC Actions Washington, D.C., Dec. 16, 2011 — The Securities and Exchange Commission today …
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Real Estate News: SEC Charges Former Fannie Mae And Freddie …
SEC CHARGES FORMER FANNIE MAE AND FREDDIE MAC EXECUTIVES WITH SECURITIES FRAUD . Companies Agree to Cooperate in SEC Actions. FOR IMMEDIATE RELEASE 2011-267. Washington, D.C., Dec. …
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SEC CHARGES FORMER FANNIE MAE AND … – Foreclosure Fraud
SEC clamps down on activity in Iran, Syria, Sudan and Cuba as part of ongoing reviews of companies’ investment risks to security holders
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US groups told to reveal Syria, Iran links
The energy company’s collapse led to stricter enforcement of regulation and more sophisticated accounting fraud teams in the SEC
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Enron’s fall raised the bar in regulation
Today’s Compliance Week article, “SEC Pursues Small Company Over Lax Internal Controls,” [subscription required] discusses the SEC settlement with Koss Corp over the $34 million embezzlement by former Vice President of Finance Sujata (Sue) Sachdeva. The article explains the settlement, which is essentially a clawback of some of Michael Koss’s compensation: Michael Koss, who remains
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Compliance Week: Koss Embezzlement and Small Company Internal Controls
FAF backs plans to incorporate international requirements into the country’s rule book, ahead of a decision by the SEC on harmonisation of global standards
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US support for accounting harmonisation
Shift of focus to ‘earlier in the life cycle’ of crime, with a number of companies in the sights of the SEC and the US attorney’s office
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US prosecutors target accounting fraud
Barr Rosenberg has agreed to pay $2.5m and accept a lifetime industry ban to resolve SEC allegations he hid an error in a computer model, causing client losses
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Quant pioneer settles US fraud charges
Fanny /Freddy have to get more money from Congress to pay off the SEC, who just fattened its budget! It's a scam ! We should be outraged, but it'll all get swept under the carpet, and the sheeple will not even notice they're …
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A slap for Fannie and Freddie | Bankrate.com
EagleEye Asset Management LLC Sued by SEC and CFTC for Alleged Forex Trading Scam :: Stock Broker Fraud Blog. … Published by Houston Securities Fraud Lawyers Shepherd Smith Edwards & Kantas …
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EagleEye Asset Management LLC Sued by SEC and CFTC for …
Wall Street Journal Feared SEC Watchdog Preps Slew of Reports Wall Street Journal They include allegations that regulators destroyed documents relating to initial probes; alleged conflicts of interest concerning payments to Bernard Madoff victims; the “revolving door” between the SEC and Wall Street ; and the financial package … and more
SEC Injunction Shutters LA-Based Life Settlement Firm's Ponzi Scam On Wall Street Marc Blau, assistant director of enforcement at the SEC's Los Angeles office, told On Wall Street , “Christian Stanley's actual investment in life insurance policies was de minimis at best.” The SEC complaint alleges that since March 2009, … and more
SEC Charges Filed in $22M Ponzi Scam that Targeted Florida Teachers and Retirees :: Stock Broker Fraud Blog. … The two men are accused of running a Ponzi scam that raised over $22 million from over 100 investors. …
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SEC Charges Filed in $22M Ponzi Scam that Targeted Florida …
Matt Taibbi Exposes How SEC Shredded Thousands of Investigations truthout It's—you know, for Wall Street crime, it's the SEC and the US Attorney's Office in the Southern District of New York are the two main sort of policing organizations that prevent things like insider trading, market manipulation, securities fraud . … and more
Democracy Now Matt Taibbi's Must-Read Hatchet Job on the SEC Business Insider I did not see on his latest piece, “Is the SEC Covering Up Wall Street Crimes?” on businessinsider so I decided to post it. Against National Archive rules, the SEC has been destroying documents from MUI (investigations that did not result in … Covering Up Wall Street Crimes: Matt Taibbi Exposes How SEC Shredded Thousands … Democracy Now all 2 news articles
The big buzz this week is an article in Rolling Stone regarding the SEC’s policy of destroying documents related to Matters Under Investigation (MUIs) which do not result in any agency action being taken. At first blush, it may appear to be some sort of cover up, and that’s exactly what Rolling Stone writer Matt
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SEC Discards Documents Regarding Matters Under Investigation (MUIs) According to Agency Policy
RollingStone.com SEC Accused of Destroying Files Wall Street Journal An employee at the Securities and Exchange Commission has accused the regulatory agency of destroying at least 9000 documents relating to inquiries of Wall Street banks and hedge funds. … Is the SEC Covering Up Wall Street Crimes? RollingStone.com SEC accused of dumping records of financial firms Boston Globe Matt Taibbi: The SEC's 'Orwellian' Wall Street Cover Ups Huffington Post Forbes
The SEC charged Fannie's controlling officers with accounting and securities fraud to inflate its reported income so that they could extract greater bonuses. The authors do not explain their concept of an extreme tail …
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FDL Book Salon Welcomes Matthew Richardson, Guaranteed to Fail …
MarketWatch SEC Launches New Whistleblower Program CNBC.com For the first time, SEC whistleblowers will be eligible for massive bounties for tips on corporate and Wall Street fraud . People who bring in reliable new information about frauds of $1 million or more will be eligible for payouts of between ten and 30 … US SEC says will fix whistleblower rule if any problems Reuters all 9 news articles
The move leaves open the door for the SEC to sue the former head of McKinsey consultancy in federal court, something the SEC suggested it would do
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SEC drops insider trading case against Gupta
A federal appeals court has ruled that the SEC failed to properly assess the costs and benefits of the new measure, as argued by business lobby groups
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US court deals blow to investor activism
Shares in the property investor fell more than 9 per cent after it also disclosed the SEC was also looking into disclosures by chairman Bruce Berkowitz
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SEC probes St Joe’s land accounting
Risk.net SEC guidance eases Dodd-Frank rules for swaps Futures Magazine … Wall Street Reform and Consumer Protection Act. That Act created a new regulatory framework for over-the-counter derivatives, authorizing the SEC to regulate security-based swaps and the Commodity Futures Trading Commission to regulate other swaps. … A Not-So-Happy Birthday for Dodd-Frank Barron’s all 31 news articles
The SEC embraced a potentially controversial tactic by suing a manager at an investment advisory firm for unintentional fraud
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SEC shifts focus to unintentional fraud
Another Settlement From Wall Street Care2.com (blog) He has been charged with fraud as well. The SEC's investigation into how banks bundled and sold investments involving risky mortgages along with Wall Street's role in perpetuating that fraud continues with a focus on major banks, loan originators and … and more
JPMorgan Chase’s $153.6m settlement with the US SEC resolves one important legal issue confronting the bank and its shareholders
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JPMorgan facing further claims
The SEC is investigating Merrill Lynch’s sale of a mortgage-related security it created for Magnetar and the collateral manager involved in the deal
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SEC probes Merrill CDO sale
SEC Cuts Wall Street Some Slack On Derivatives Rules Huffington Post • Overwhelmed regulators are giving Wall Street a break by providing “temporary relief” from some Dodd-Frank financial regulatory reform provisions regarding derivatives known as “security-based swaps.” This move comes in the wake of intense lobbying …
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SEC Cuts Wall Street Some Slack On Derivatives Rules – Huffington Post
UBS has agreed to pay $160m to settle accusations from the Department of Justice and SEC that the Swiss bank rigged bids in the US municipal bond market
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UBS pays $160m to settle bid-rigging charges
BizRadio's Daniel Frishberg Settles Fraud Case With SEC All Access Music Group The SEC and HOUSTON-based BIZRADIO founder DANIEL FRISHBERG have settled the agency's case against the host for fraud , reports the WALL STREET JOURNAL, with FRISHBERG paying a $65000 penalty to be paid to investors and agreeing not to associate with … and more
SEC: We need more money to stop fraud CNNMoney “While Dodd-Frank failed to take that step, it is my hope that this Congress will deliver.” Kohn says that without action, another Madoff-like scandal is a real possibility. “It's the nature of cheating on Wall Street . Fraud pays. Liars can make money. …
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SEC: We need more money to stop fraud – CNNMoney
A failure of funding The Hill (blog) In fact, the SEC recoups investor funds from fraud . Last year, that figure topped $2.2 billion, twice the SEC's annual budget. It's obvious that America desperately needs Wall Street reform. Even sober private sector attorneys who represent corporate …
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A failure of funding – The Hill (blog)
News Sources wrote an interesting post today onHere’s a quick excerpt Sify Former Fannie Mae chief faces SEC actionFinancial TimesAs part of its.
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Former Fannie Mae chief faces SEC action – Financial Times …
Many European and Asian asset managers are still failing to prepare for the arrival of the new Dodd-Frank regulations in the US, and a number are holding off registration with the SEC
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Countdown to registration
Lawyers for Raj Rajaratnam failed to persuade SEC to delay filing insider trading charges against a former Goldman Sachs board member until after his criminal trial
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Hedge fund manager fails to stop SEC filing
Shareholders make the mistake of ignoring SEC 10-K filings in favour of glossy annual reports. The 10-K is one of the best sources of information investors can get
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Annual reports v SEC 10-K filings
Whistle stop New York Post Allegations of securities fraud from 168 whistleblowers provide 168 reasons why the Securities and Exchange Commission needs to fully staff its Whistleblower Office (“SEC Whistleblower Call Draws Few Tipsters,” Feb. 23). Wall Street frauds usually …
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Whistle stop – New York Post
Why Isn't Wall Street In Jail? Free Internet Press In theory, it's a well-oiled, tag-team affair: Billionaire Wall Street Asshole commits fraud , the NYSE catches on and tips off the SEC, the SEC works the case and delivers it to Justice, and Justice perp-walks the Asshole out of Nobu, …
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Why Isn’t Wall Street In Jail? – Free Internet Press
New York Times (blog) SEC charges former IndyMac execs with fraud Independent The Securities and Exchange Commission, Wall Street's watchdog, said that former chief executive Michael Perry and two former chief financial officers, … 3 Ex-IndyMac Executives Are Accused of Fraud New York Times (blog) all 307 news articles
The SEC has filed civil fraud charges against three former executives at IndyMac, accusing them of misleading investors about the lender’s health before its 2008 collapse
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Former IndyMac chiefs face charges
SEC, Courts Still Circling Foreclosure Fraud , But Hopeless to Stop Without … Firedoglake Some Wall Street lawyers want the SEC to have a bigger budget, because of its expanded responsibilities under Dodd-Frank. Yes, the investigation and … and more