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SEC whistleblower is second compliance officer to receive award
  • Sutherland Asbill & Brennan LLP
  • USA
  • May 4 2015

On April 22, 2015, the U.S. Securities and Exchange Commission (SEC) issued its second whistleblower award to an employee with internal audit or


Texas Supreme Court limits fraud claims by terminated employees
  • Sutherland Asbill & Brennan LLP
  • USA
  • May 13 2014

In a case of first impression, the Supreme Court of Texas declared that at-will employees may not bring an action for fraud that is contingent on the


SEC delays implementation of AML web tool
  • Sutherland Asbill & Brennan LLP
  • USA
  • August 8 2007

On June 25, 2007, the SEC announced that it has added to its website a software tool that permits investors to obtain information about a company’s business interests in countries the U.S. Secretary of State has designated “State Sponsors of Terrorism.”


SEC brings action against a hedge fund adviser related to side agreements
  • Sutherland Asbill & Brennan LLP
  • USA
  • August 8 2007

The SEC brought charges against Vincent Montagna (“Montagna”), barring Montagna from associating with an investment adviser


Former UBS broker charged with fraudulent hedge fund scheme
  • Sutherland Asbill & Brennan LLP
  • USA
  • January 14 2008

The SEC filed a complaint charging Justin M. Paperny of Studio City, California, a former broker with UBS Financial Services, Inc. for his role in fraud involving a hedge fund fraud


Utah hedge fund adviser charged with fraud
  • Sutherland Asbill & Brennan LLP
  • USA
  • March 4 2008

The SEC brought an enforcement action against a Salt Lake City investment adviser and three of its principals for making undisclosed high-risk investments that resulted in the near total loss of the assets in two hedge funds managed by the adviser


SEC brings action against Illinois adviser for misappropriating client assets
  • Sutherland Asbill & Brennan LLP
  • USA
  • August 2 2007

The SEC filed an emergency action against Sentinel Management Group, Inc. (Sentinel), an investment adviser located in Northbrook, Illinois, seeking to halt Sentinel's improper commingling, misappropriating and leveraging of client securities without client consent in violation of Section 206 of the Advisers Act


Fidelity trader and broker charged with defrauding advisory client
  • Sutherland Asbill & Brennan LLP
  • USA
  • May 13 2008

The SEC filed a civil action in the U.S. District Court in Boston against David K. Donovan, Jr., a former equity trader at Fidelity Investments, and David R. Hinkle, a former broker at Capital Institutional Services, Inc., for defrauding Fidelity and its advisory clients


UK hedge fund adviser charged with illegal market timing
  • Sutherland Asbill & Brennan LLP
  • USA
  • May 13 2008

The SEC filed a civil action in the U.S. District Court for the Southern District of New York against Headstart Advisers Limited (“HAL”), a United Kingdom-based hedge fund adviser, and Najy N. Nasser, its “chief investment adviser.”


Gabelli settles mutual fund market timing charges
  • Sutherland Asbill & Brennan LLP
  • USA
  • May 13 2008

Gabelli Funds LLC (“Gabelli”), a registered investment adviser, settled an SEC administrative action involving an undisclosed market timing arrangement with Gabelli Global Growth Fund (“GGGF”), currently known as GAMCO Global Growth Fund