Selected Press Releases
SEC Charges Institutional Shareholder Services in Breach of Clients' Confidential Proxy Voting Information
05/23/2013
Washington, D.C., May 23, 2013 — The Securities and Exchange Commission today charged charged Rockville, Md.-based proxy adviser Institutional Shareholder Services (ISS) for failing to safeguard the confidential proxy voting information of clients participating in a number of significant proxy contests.Read moreSEC Charges City of South Miami with Defrauding Investors About Tax-Exempt Status of Municipal Bonds
05/22/2013
Washington, D.C., May 22, 2013 — The Securities and Exchange Commission today charged the City of South Miami, Fla., with defrauding bond investors about the tax-exempt financing eligibility of a mixed-use retail and parking structure being built in its downtown commercial district.Read moreSEC Charges Chicago-Area Father and Son Conducted Cherry-Picking Scheme at Investment Firm
05/16/2013
Washington, D.C., May 16, 2013 — The Securities and Exchange Commission today charged a father and son and their Chicago-area investment advisory firm with defrauding clients through a cherry-picking scheme that garnered them nearly $2 million in illicit profits, which they spent on luxury homes, vehicles, and vacations.Read moreSEC Charges China-Based Executives in Scheme to Overstate Revenues and Divert Money for Personal Use
05/15/2013
Washington, D.C., May 15, 2013 — The Securities and Exchange Commission today charged husband-and-wife executives at a China-based company with engaging in a scheme to overstate the company’s revenues and divert proceeds from a securities offering for their personal use.Read moreSEC, FINRA Issue Investor Alert On Pension or Settlement Income Streams
05/09/2013
Washington, D.C., May 9, 2013 — The Securities and Exchange Commission and the Financial Industry Regulatory Authority (FINRA) today issued an investor alert entitled Pension or Settlement Income Streams – What You Need to Know Before Buying or Selling Them.Read more