Selected Press Releases
SEC Charges Eight Mutual Fund Directors for Failure to Properly Oversee Asset Valuation
12/10/2012
Washington, D.C., Dec. 10, 2012 — The Securities and Exchange Commission today announced charges against eight former members of the boards of directors overseeing five Memphis, Tenn.-based mutual funds for violating their asset pricing responsibilities under the federal securities laws.Read moreSEC Charges New Jersey-Based Consultant to Chinese Reverse Merger Companies with Violating Securities Laws
12/10/2012
Washington, D.C., Dec. 10, 2012 — The Securities and Exchange Commission today charged a New Jersey-based consultant with violating securities laws and defrauding some investors while helping Chinese companies gain access to the U.S. capital markets.Read moreSEC Charges Florida-Based Lawyer with Forging Attorney Opinion Letters for Microcap Stocks
12/07/2012
Washington, D.C., Dec. 7, 2012 — The Securities and Exchange Commission today announced charges against a Florida-based securities lawyer for issuing fraudulent attorney opinion letters that resulted in more than 70 million shares of microcap stock becoming available for unrestricted trading by investors.Read moreSEC Charges Prominent Entrepreneur in Miami-Based Scheme
12/07/2012
Washington, D.C., Dec. 7, 2012 — The Securities and Exchange Commission today charged a prominent Miami-based entrepreneur with defrauding investors by grossly exaggerating the financial success of his company that purportedly produced housing materials to withstand fires and hurricanes. Claudio Osorio stole nearly half of the money raised from investors to pay the mortgage on his multi-million dollar mansion and other lavish highlife expenses.Read moreSEC Charges 10 in Insider Trading Ring Around Investment Banker’s Illegal Tips on Impending Mergers
12/05/2012
Washington, D.C., Dec. 5, 2012 — The Securities and Exchange Commission today charged an investment banker who was primarily based in Charlotte, N.C., and nine others involved in an insider trading ring that garnered more than $11 million in illicit profits trading on confidential information about impending mergers.Read more