Selected Press Releases
SEC Charges China-Based Company and Others with Stock Manipulation
04/11/2012
Washington, D.C., April 11, 2012 — The Securities and Exchange Commission today charged AutoChina International Limited and 11 investors, including a senior executive and director at the China-based firm, with conducting a market manipulation scheme to create the false appearance of a liquid and active market for AutoChina’s stock.Read moreSEC Charges South Florida Man in Investment Fraud Scheme
04/06/2012
The Securities and Exchange Commission today charged that a South Florida investment manager defrauded investors by making false claims about his investment track record and providing bogus account statements that reflected fictitious profits.Read moreSEC Charges Texas Bank Holding Company’s CEO and CFO with Misleading Investors About Loan Quality and Financial Health During the Financial Crisis
04/06/2012
The Securities and Exchange Commission today announced that it charged Franklin Bank Corp.’s former chief executives for their involvement in a fraudulent scheme designed to conceal the deterioration of the bank’s loan portfolio and inflate its reported earnings during the financial crisis.Read moreSEC Freezes Accounts of Six Chinese Citizens and One Offshore Entity Charged with Insider Trading
04/06/2012
The Securities and Exchange Commission today announced that it has obtained a court-ordered freeze of the assets of six Chinese citizens and one British Virgin Islands entity charged with insider trading in Zhongpin Inc., a China-based pork processor whose shares trade in the U.S.Read moreSEC Seeks Comment on Investor Testing Regarding Target Date Retirement Funds
04/03/2012
The Securities and Exchange Commission today said it is seeking comment on the results of investor testing regarding target date retirement funds. The Commission will consider the comments before acting on a proposal it issued in 2010 intended to enhance the information provided to individuals investing in such funds.Read more