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How to find your Pooling and Servicing Agreement (PSA)
Know your PSA Guest article by Michael Olenik Newscast Media — The pooling and servicing agreement (PSA) is a contract that should govern the terms under which trillions of dollars worth of equity in...
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SEC Charges Former Credit Suisse Investment Bankers in Subprime Bond Pricing...
SEC Newscast Media WASHINGTON, D.C. — The Securities and Exchange Commission today charged four former veteran investment bankers and traders at Credit Suisse Group for engaging in a complex scheme to...
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SEC sues Texas bank for engaging in fraudulent mortgage scheme
SEC Newscast Media WASHINGTON, D.C. —The Securities and Exchange Commission today announced that it charged Franklin Bank Corp.’s former chief executives for their involvement in a fraudulent scheme...
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SEC charges former Yahoo executive with insider trading
SEC charges execs Newscast Media NEW YORK—The Securities and Exchange Commission charged a former executive at Yahoo! Inc. and a former mutual fund manager at a subsidiary of Ameriprise Financial Inc....
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Fraudulent scheme of New York-based fund manager halted by SEC
Securities and Exchange Commission Newscast Media NEW YORK—The Securities and Exchange Commission today announced charges against a New York-based fund manager and his two firms for luring investors...
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SEC charges 14 agents with $415 million securities Ponzi scheme
Securities and Exchange Commission Newscast Media WASHINGTON, D.C.—The Securities and Exchange Commission has charged 14 sales agents who misled investors and illegally sold securities for a Long...
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SEC issues first whistleblower award for high-quality tip
Securities and Exchange Commission Newscast Media WASHINGTON, D.C.—A whistleblower who helped the Securities and Exchange Commission stop a multi-million dollar fraud will receive nearly $50,000 — the...
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SEC charges Atlanta-based advisor with defrauding clients
SEC Newscast Media ATLANTA, Ga—The Securities and Exchange Commission announced charges against a private fund manager and his Atlanta-based investment advisory firm for defrauding investors in a...
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Part III-Why Obama and agencies like the SEC settle cases
Justice Newscast Media HOUSTON, Texas—Before I conclude this series, I would like to explain what a forensic audit is. A true forensic audit on any property will tell you if the underlying debt...
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SEC charges Brazilian exec $5.1 mil. for Burger King fraud
Burger King Newscast Media WASHINGTON, D.C.—The Securities and Exchange Commission announced insider trading charges against a Brazilian ex-banker for his role in a scheme to illegally trade Burger...
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SEC charges four insiders with fraudulent penny stock scheme
Newscast Media WASHINGTON, D.C.—The Securities and Exchange Commission today charged four securities industry professionals with conducting a fraudulent penny stock scheme in which they illegally...
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SEC charges execute with mortgage-backed securities fraud
Securities and Exchange Commission Newscast Media WASHINGTON, D.C.—The Securities and Exchange Commission charged a former executive at New York-based broker-dealer Jefferies & Co. with defrauding...
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SEC halts fraudulent scheme meant to exploit immigration program
Department of Homeland Security Newscast Media WASHINGTON, DC—The Securities and Exchange Commission announced charges and an asset freeze against an individual living in Illinois and two companies...
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SEC charges lawyer with issuing fraudulent opinion letters
Inside court room Newscast Media WASHINGTON— The Securities and Exchange Commission today charged a California-based lawyer who has been fraudulently churning out baseless legal opinion letters for...
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SEC charges former broker with unauthorized rogue trades
Justice Newscast Media WASHINGTON, D.C.—The Securities and Exchange Commission today charged a former employee at a Connecticut-based brokerage firm with scheming to personally profit from placing...
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SEC charges trustees for inaccurate disclosure of investments
Securities and Exchange Commission Newscast Media WASHINGTON—The Securities and Exchange Commission has charged the gatekeepers of a pair of mutual fund trusts with causing untrue or misleading...
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SEC brings fraud charges against Dallas-based business
Justice Newscast Media DALLAS—The Securities and Exchange Commission today announced fraud charges and an asset freeze against a trader at a Dallas-based investment advisory firm who improperly...
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SEC suspends trading of 61 empty shell companies ripe for fraud
Private investigators Newscast Media WASHINGTON, D.C.—The Securities and Exchange Commission today announced the second-largest trading suspension in agency history as it continues its “Operation Shell...
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SEC charges Texas man with running ponzi scheme
The Securities and Exchange Commission Newscast Media WASHINGTON—The Securities and Exchange Commission today charged a Texas man and his company with defrauding investors in a Ponzi scheme involving...
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SEC charges portfolio manager for forgery of documents
SEC Newscast Media WASHINGTON—The Securities and Exchange Commission today sanctioned a former portfolio manager at a Boulder, Colo.-based investment adviser for forging documents and misleading the...
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