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Selected Press Releases

Accountant Suspended for Failing to Spot Fraud in Company Audit

07/22/2016

The Securities and Exchange Commission today suspended an accountant for conducting a faulty audit of the financial statements of a public company that was committing fraud, and the firm where he was a partner at the time has been prohibited from accepting new public company clients for one year.Read more

SEC Halts Ongoing Fraudulent Stock Scheme

07/22/2016

The Securities and Exchange Commission today announced it has won a court-ordered asset freeze to halt an ongoing fraud by two former brokers with disciplinary histories who allegedly raised more than $5 million from investors without using the money as promised.Read more

SEC Charges Investment Adviser With Failing to Clearly Disclose Additional Costs to Investors

07/14/2016

The Securities and Exchange Commission today announced an enforcement action against an investment advisory firm that failed to properly prepare clients for additional transaction costs beyond the “wrap fees” they pay to cover the cost of several services bundled together.Read more

SEC: Citigroup Provided Incomplete Blue Sheet Data for 15 Years

07/12/2016

The Securities and Exchange Commission today announced that Citigroup Global Markets has agreed to pay a $7 million penalty and admit wrongdoing to settle charges that a computer coding error caused the firm to provide the agency with incomplete “blue sheet” information about trades it executed.Read more

SEC Charges “Frack Master” With Running an $80 Million Oil and Gas Fraud

06/24/2016

The Securities and Exchange Commission today charged four companies and eight individuals in an $80 million oil and gas fraud orchestrated by a Dallas man who calls himself the “Frack Master” for his purported expertise in hydraulic fracturing. Read more