The Commission filed actions this week keyed to the use of financial models and controls. One group of cases centered on the Transamerica Companies. There untested, error ridden financial models were deployed. In another Moody’s was sanctioned for failing to …
This Week In Securities Litigation (Week ending August 31, 2018) Read More »
Municipal bonds and compliance were key issues for Enforcement this week. The Commission brought four actions against twenty defendants centered on the fraudulent purchase of municipal bonds. Specifically, the cases allege “flipping” schemes in which the defendants gamed the offering …
This Week In Securities Litigation (Week ending August 17, 2018) Read More »