Selected Press Releases
SEC Charges Mizuho Securities USA with Misleading Investors by Obtaining False Credit Ratings for CDO
07/18/2012
The Securities and Exchange Commission today charged the U.S. investment banking subsidiary of Japan-based Mizuho Financial Group and three former employees with misleading investors in a collateralized debt obligation (CDO) by using “dummy assets” to inflate the deal’s credit ratings. The SEC also charged the firm that served as the deal’s collateral manager and the person who was its portfolio manager.Read moreShort Selling Brothers Agree to Pay $14.5 Million to Settle SEC Charges
07/17/2012
The Securities and Exchange Commission today announced that two options traders who the agency charged earlier this year with short selling violations have agreed to pay more than $14.5 million to settle the case against them.Read moreSEC Charges Five Physicians With Insider Trading in Stock of Medical Professional Liability Insurer
07/10/2012
The Securities and Exchange Commission today charged five physicians with insider trading in the securities of an East Lansing, MI-based holding company for a medical professional liability insurer.Read moreSEC Charges Orthofix International With FCPA Violations
07/10/2012
The Securities and Exchange Commission today charged Texas-based medical device company Orthofix International N.V. with violating the Foreign Corrupt Practices Act (FCPA) when a subsidiary paid routine bribes referred to as “chocolates” to Mexican officials in order to obtain lucrative sales contracts with government hospitals.Read moreSEC Freezes Assets of Missing Georgia-Based Investment Adviser
07/02/2012
The Securities and Exchange Commission today obtained a court order to freeze the assets of a Georgia-based investment adviser who has apparently gone into hiding after orchestrating a $40 million investment fraud.Read more