Selected Press Releases
SEC CHARGES ILLINOIS-BASED ADVISER IN SOCIAL MEDIA SCAM
01/04/2012
The Securities and Exchange Commission today charged an Illinois-based investment adviser with offering to sell fictitious securities on LinkedIn and it issued two alerts in an agency-wide effort to highlight the risks investors and advisory firms face when using social media...Read moreSEC Halts Father-Son Ponzi Scheme in Utah Involving Purported Real Estate Investments
12/15/2011
The Securities and Exchange Commission today charged a father and son in Utah with securities fraud for selling purported investments in their real estate business that turned out to be nothing more than a wide-scale $220 million Ponzi scheme.Read moreSEC Halts Prime Bank Scheme by Washington D.C. Law Firm and Pennsylvania Company
12/06/2011
The Securities and Exchange Commission today announced that it has filed charges and obtained an emergency court order to halt a prime bank scheme in which the perpetrators stole investor funds to purchase luxury cars, take a trip to the Bahamas, and pay the bills of a Washington D.C. law firm.Read moreSEC Hosts Nationwide Shadowing Event for High School Finance Students
11/15/2011
The Securities and Exchange Commission today hosted a shadowing event at its Washington D.C. headquarters and several regional offices to enable high school students studying finance to gain some firsthand knowledge about the government’s work to protect investors.Read moreSEC CHARGES TWO FLORIDA MEN IN PONZI SCHEME DEFRAUDING TEACHERS AND RETIREES
08/29/2011
The Securities and Exchange Commission today charged two Florida men with operating a Ponzi scheme disguised as a purported private equity fund that fraudulently raised approximately $22 million from more than 100 investors, many of whom were Florida teachers or retirees.Read more