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Selected Press Releases

SEC Charges Texas Bank Holding Company’s CEO and CFO with Misleading Investors About Loan Quality and Financial Health During the Financial Crisis


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 more

SEC Freezes Accounts of Six Chinese Citizens and One Offshore Entity Charged with Insider Trading


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 more

SEC Seeks Comment on Investor Testing Regarding Target Date Retirement Funds


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

SEC Sues Two Executives in Texas to Recover Bonuses and Stock Profits Received During Accounting Fraud


The Securities and Exchange Commission today sued two former executives at an Austin, Texas-based surgical products manufacturer to recover bonus compensation and stock sale profits they received during an accounting fraud at the company.Read more

SEC Charges Medical Device Company Biomet with Foreign Bribery


The Securities and Exchange Commission today charged Warsaw, Ind.-based medical device company Biomet Inc. with violating the Foreign Corrupt Practices Act (FCPA) when its subsidiaries and agents bribed public doctors in Argentina, Brazil, and China for nearly a decade to win business.Read more