Displaying 133 results
Trader slapped for spreading merger rumors
Paul S. Berliner, previously associated with Schottenfeld Group, will disgorge $26,129 and pay a penalty of $130,000.
NYSE fines four firms
Merrill Lynch was fined $300,000 for failing to prevent a sales trader from entering inaccurate information relating to customer accounts.
Biovail to pay $10M to settle fraud charges
The SEC alleges that the pharmaceutical company lied to its investors, falsified its earnings and hid losses.
AIG to pay Pennsylvania $13.5 million
AIG will pay $13.5 million to settle an investigation involving its alleged sham reinsurance deal with General Re.
State Farm reps fined for ducking tests
Registered reps who were supervisors directed subordinates to take State Farm's proficiency test for them.
Fidelity to pay $8M for employee misconduct
The 13 charged received travel, entertainment and other gifts paid for by brokers, including private jet trips to Bermuda, Mexico and Las Vegas.
Ex-VP to pay $1.4 million for backdating
As a result of a scheme, the Broadcom Corp. reported an additional $2.2 billion in compensation expenses in 2007, the SEC said.
FINRA fines big brokerages $2.4 million
Divisions of Merrill Lynch, UBS and Prudential were charged with improper mutual fund sales and failures of supervision.
Oppenheimer to pay $4.5M for market timing
Of that amount, $4.25 million will go to more than 60 mutual fund companies as restitution.
Lerach gets two years in kickback scheme
William S. Lerach, who pleaded guilty in October, also agreed to forfeit $7.75 million to the government and was fined $250,000.
SEC fines Ritchie hedge fund $40 million
The hedge fund, its adviser, founder and two employees will pay a combined $40 million for an illegal late-trading scheme.
Ex-Dow Jones board member to pay $8.1M
David Li and two others will pay $24 million to settle insider trading charges with the SEC.
Ex-Dow director to pay $8 million
David K. P. Li has reached a tentative agreement with the SEC to pay more than $8 million to settle allegations of insider trading.
Ex-Monster boss settles backdating case
Andrew J. McKelvey will pay $275,989.72 in and will be barred from serving as an officer or director of a public company.
SMH fined for ‘soft-dollar’ errors
Sanders Morris Harris Capital Inc. made $325,000 in "soft-dollar" payments to a hedge fund manager, according to FINRA.
FINRA fines firms $2.8 million
The firms substantially overstated their advertised trade volume to three private service providers.
‘Waste’ CEO to pay $4M for securities fraud
James E. Koenig was convicted of committing 60 securities violations between 1992 and 1997.
FINRA hits New York firm for $410,000
Among FINRA's findings, the brokerage assisted six hedge fund customers in circumventing market timing restrictions and escaping detection.
Wachovia fined $300,000 by FINRA
The regulator said Wachovia violated research analyst conflict of interest disclosure rules.
$31.5 million dealt out to MFS clients
The distribution is the first in a series of payments to MFS account holders that are to total $306 million.
