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Latest News
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DOJ, SEC charge ex-WAMCO CIO Ken Leech with fraud
The charges allege that Leech effectively siphoned money from unfavored portfolios into favored ones.
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Indian billionaire Gautam Adani and associates indicted for massive bribery scheme
US investigators allege that Adani and co-conspirators bribed Indian officials and lied to investors.
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McHenry tells regulators era of post-financial crisis regulation is over
House Financial Services Committee Chairman Patrick McHenry signals plans to alter oversight of prudential banking regulators.
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Trading firm dinged for using buzzwords about purported AI capabilities
The SEC also accused the pair of lying to investors about Rimar’s assets under management.
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Agencies bring civil, criminal charges for firm’s massive carbon credit frauds
By manipulating data, QCQ Impact Investors was able to accumulate millions more in carbon credits than otherwise allowed.
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Compliance failures related to cherry-picking scheme at two IA firms
The SEC said the firms failed to supervise advisers engaging in the fraudulent practice of preferentially allocating profitable trades at the expense of client accounts.
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Austal USA hit with $24m penalty for fraudulently overstating profits
The company is accused of falsifying its profits and boosting its stock price by obscuring shipbuilding costs.
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SEC brings fraud charges against crypto startup that targeted prayer groups
Investment “cult” is accused of stealing $650m in Ponzi-like scheme.