In February 2010, BrokeAndBroker reported on the SEC case involving Axiom Capital Management, Inc. As a result of the SEC’s August 31, 2010, settlement with Gross’s supervisor David Siegel, we have reprinted and updated that article.
Bill Singer analyzes the arbitration between NRP Financial, Inc., National Retirement Partners, Inc., and NRP Advisors, Inc., Claimants, vs. Walker Bafs Retirement Group, Inc., Wade Alan Walker, and Jeffrey Brian Bafs, Respondents.
vFinance and former CCO Richard Campanella appealed an SEC administrative law judge’s Initial Decision that found that vFinance willfully failed to preserve and promptly produce electronic communications regarding its trading in the securities of Lexington Resources, Inc. (“Lexington”), and that Campanella willfully aided and abetted and was a cause of these violations.
No, I’m not “happy” with the outcome of either the financial reform legislation or SEC v. Goldman Sachs. I’m a cynic, and, to that extent, let’s just say that my worst fears have come to full realization.
A number of reporters have asked me about the so-called “honest service” fraud on which U.S. v. Conrad Black et al was indicted, convicted, and which now serves as the basis for his appeal before the United States Supreme Court.
Denial-of-service attacks, by themselves, are nothing new. In a recent twist, criminals have transferred this activity to telephones, using automated dialing programs and multiple accounts to overwhelm the phone lines of unsuspecting citizens.
What does honest services fraud have to do with the Foreign Corrupt Practices Act? It turns out, not much, but that is not how the DOJ saw it when charging James Giffen in 2004.
Amidst all the hard-luck stories of failed brokerage firms and unemployed stockbrokers, a frightening problem appears to be emerging: the elderly are increasingly being targeted by unscrupulous stockbrokers.
Now that the SEC has announced yet another public meeting of yet another advisory committee, Bill Singer thinks it is just one more laughable event in an endless stream of idiocy.
Kevin Bocek of Thales eSecurity breaks down the Top 5 compliance challenges facing financial services firms, including PCI DSS, HIPAA, and data breach notification laws.
