Year: 2011

The SEC brought a fraud action against a company and its Chairman and President for defrauding company shareholders out of more than $110 million in the sale of their shares to the company by paying prices which were as much …

SEC SUES PRIVATE FIRM AND ITS CEO FOR FRAUDULENT STOCK REPURCHASES Read More »

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Does the SEC need authority to impose larger civil penalties? SEC Chairman Mary Schapiro recently told Congress the agency needs additional authority to impose large fines. The story broke in the press the day Judge Rakoff issued his order rejecting …

DOES THE SEC NEED AUTHORITY TO IMPOSE LARGER FINES? Read More »

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