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Results: 1-10 of 38

SEC settles case against Ohio investment adviser who allegedly defrauded elderly clients
  • Sutherland Asbill & Brennan LLP
  • USA
  • January 8 2010

The Securities and Exchange Commission (SEC) announced that investment adviser (IA) Julie M. Jarvis, of Columbus, Ohio, and her financial advisory firm, Crossroads Financial Planning, Inc., have agreed to settle the SEC’s pending civil action against them


SEC issues order against Mermelstein for failure to supervise portfolio manager
  • Sutherland Asbill & Brennan LLP
  • USA
  • January 8 2010

The SEC issued an order against Stephen Jay Mermelstein, finding that Mermelstein, the former Chief Operating Officer of a formerly registered investment adviser, Ark Asset Management, Co., Inc., failed reasonably to supervise a portfolio manager who engaged in fraudulent trade allocation practices during the years 2000 through 2003


SEC obtains consent judgments against Frank J. Russo and FJR corporation
  • Sutherland Asbill & Brennan LLP
  • USA
  • January 8 2010

The Federal Court for the District of Massachusetts entered consent judgments in a previously filed enforcement action against Frank J. Russo, a Massachusetts-based former investment adviser, and his investment advisory corporation, FJR Corporation


SEC charges Austin-based IA and two businesses with operating a multimillion-dollar scam utilizing former football stars
  • Sutherland Asbill & Brennan LLP
  • USA
  • January 8 2010

The SEC filed securities fraud charges against an Austin, Texas, investment adviser and two businesses he controls for operating a multimillion-dollar scam that used former professional football players to promote its offerings


SEC issues order against Simpson Capital Management and two officers for fraudulent late trading scheme in shares of mutual funds
  • Sutherland Asbill & Brennan LLP
  • USA
  • January 8 2010

The SEC issued an order against Simpson Capital Management, Inc., Robert A. Simpson, and John C. Dowling, finding that, between May 2000 and September 2003, Simpson, the President and founder of Simpson Capital, a hedge fund manager, conducted a fraudulent scheme involving unlawful “late trading” in shares of mutual funds


Massachusetts-based IA criminally charged for defrauding investors
  • Sutherland Asbill & Brennan LLP
  • USA
  • January 8 2010

The U.S. Attorney’s Office for the District of Massachusetts filed an Information against Stephen F. Clifford, a former investment adviser based in Plymouth, Massachusetts


Director of SEC Division of Enforcement speaks before the U.S. Senate Committee on the Judiciary concerning mortgage fraud, securities fraud, and the financial meltdown: prosecuting those responsible
  • Sutherland Asbill & Brennan LLP
  • USA
  • January 8 2010

Robert Khuzami, Director of the Division of Enforcement, spoke before the U.S. Committee on the Judiciary, along with colleagues from the U.S. Department of Justice (DOJ) and the Federal Bureau of Investigation


SEC issues order against Moises Pacheco
  • Sutherland Asbill & Brennan LLP
  • USA
  • January 8 2010

The SEC issued an order against Moises Pacheco based on the entry of a permanent injunction against Pacheco in the civil action entitled SEC v. Pacheco


Former CFO of hedge fund Boston Provident charged with securities fraud
  • Sutherland Asbill & Brennan LLP
  • USA
  • December 7 2009

The SEC charged Ezra C. Levy, former Chief Financial Officer of a New York-based hedge fund, with securities fraud for arranging secret sales of securities from his personal trading account to the hedge fund accounts at inflated prices to generate his own illicit profits


SEC charges New York City-based investment adviser, its executives, and affiliated broker-dealer with fraud
  • Sutherland Asbill & Brennan LLP
  • USA
  • December 7 2009

The SEC charged New York City-based investment adviser Value Line Inc.; its CEO, Jean Buttner; its former Chief Compliance Officer (CCO), David Henigson; and its affiliated broker-dealer, Value Line Securities, Inc. (VLS), with defrauding the Value Line family of mutual funds by charging more than $24 million in bogus brokerage commissions on mutual fund trades funneled through VLS