Consulting SEC Bans Arizona-Based Investment Adviser from Securities Industry for Fraudulent Actions in Mutual Fund Collapse

SEC Bans Arizona-Based Investment Adviser from Securities Industry for Fraudulent Actions in Mutual Fund Collapse »

Washington, D.C., Dec. 21, 2012 — The Securities and Exchange Commission today barred an Arizona-based mutual fund manager from the securities industry for failing to follow the investment objectives of a stock mutual fund managed by his firm, leading to…

December 22, 2012 / Read More »
Court Appoints Liquidator to Lemma Insurance Europe Ltd

Court Appoints Liquidator to Lemma Insurance Europe Ltd »

The Supreme Court in Gibraltar has appointed Provisional Liquidators of Lemma Europe Insurance Company Ltd. The Financial Services Compensation Scheme (FSCS) is currently in discussions with Grant Thornton who are the Provisional Liquidators and understands that the company’s payments to…

October 3, 2012 / Read More »
Audit

SEC Approves New Rules Regarding Lost Holders of Securities »

SEC Approves New Rules Regarding Lost Holders of Securities

Washington, D.C., Dec. 21, 2012 — The Securities and Exchange Commission today unanimously approved new rules requiring broker-dealers to conduct searches for holders of securities with whom they have lost contact. A similar rule already applied to recordkeeping transfer agents, who are the intermediaries between the clearing house and the…

December 22, 2012 / Read More »

SEC Charges Four Penny Stock Purchasers with Fraud »

SEC Charges Four Penny Stock Purchasers with Fraud

Washington, D.C., Dec. 21, 2012 — The Securities and Exchange Commission today charged four securities industry professionals with conducting a fraudulent penny stock scheme in which they illegally acquired more than one billion unregistered shares in microcap companies at deep discounts and then dumped them on the market for approximately…

December 22, 2012 / Read More »

Paul Beswick Named SEC Chief Accountant »

Paul Beswick Named SEC Chief Accountant

Washington, D.C., Dec. 21, 2012 — Securities and Exchange Commission Chairman Elisse Walter today announced the appointment of Paul A. Beswick as the agency’s Chief Accountant. Mr. Beswick has been serving as Acting Chief Accountant for the past several months. “Paul has served the Commission with great distinction and provided…

December 22, 2012 / Read More »

Estate Agents Assisting with Buying or Selling Overseas Property Now Subject to Anti-Money Laundering Regulations »

Estate Agents Assisting with Buying or Selling Overseas Property Now Subject to Anti-Money Laundering Regulations

Changes to the Anti-Money Laundering (AML) Regulations mean that UK-based estate agents who assist clients to buy or sell overseas property must comply with the regulations from 1 October 2012 and register as soon as possible. Those that fail to do so may be subject to a fine or face…

October 3, 2012 / Read More »

Big Four Coverage

Regulatory

CC to Decide on Rank/Gala Merger »

CC to Decide on Rank/Gala Merger

The Competition Commission (CC) has published an issues statement as part of its investigation into the anticipated acquisition by the Rank Group PLC (Rank) of Gala Casinos Limited (Gala). The Office of Fair Trading (OFT) referred the case in August, and the CC will decide whether the acquisition may be…

October 3, 2012 / Read More »

Ex-Indymac CEO Settles SEC Charges »

Ex-Indymac CEO Settles SEC Charges

A federal court in California has entered a settled final judgment as to Michael W. Perry, the former Chief Executive Officer and Chairman of the Board of IndyMac Bancorp, Inc. IndyMac, through its main subsidiary, IndyMac Bank, primarily made, purchased, and sold residential mortgage loans. In July 2008, IndyMac Bank…

October 2, 2012 / Read More »

SEC Charges 3 for Their Roles in Manipulating Market for Sunrise Solar Corporation Stock »

SEC Charges 3 for Their Roles in Manipulating Market for Sunrise Solar Corporation Stock

The Securities and Exchange Commission has charged Texas-based Sunrise Solar Corporation, its former CEO Eddie D. Austin, Jr. (Austin), and his wife Carolyn Austin for their involvement in a fraudulent market manipulation scheme. The SEC’s Complaint alleges that between July 25, 2008 and May 26, 2009, Austin drafted, reviewed, and…

October 2, 2012 / Read More »
Reports

Self Support Fundraising Could Help in Avoiding Debt »

Self Support Fundraising Could Help in Avoiding Debt

There are various aspects to every day living that are natural inherent debt creators. Business start-up costs and medical bills are just two potentially high…

October 10, 2012 / Read More »

Opportunity for October with a Free Financial Planner in 24 Cities »

Opportunity for October with a Free Financial Planner in 24 Cities

If you have some concerns regarding, sorting out your finances this month here is an opportunity that offers you free financial planning for October! In…

October 9, 2012 / Read More »