Financial Fraud Law

Recent Posts

For the SEC, 2013 Was a Very Good Year for Targeting Financial Fraud
Posted on 17 Dec 2013 by Steven A. Meyerowitz

The Securities and Exchange Commission had a very good year targeting financial fraud. Those who commit fraud, not so much. In fiscal year 2013, the SEC’s enforcement actions resulted in a record $3.4 billion in monetary sanctions ordered against... Read More

Tags: Mary Jo White , sanctions , George Canellos , Insider Trading , disgorgement , Securities and Exchange Commission , penalties , Whistleblowers , Andrew Ceresney , SEC , Financial Crisis , Enforcement actions , reverse mergers

Yes, We Admit It! We Now Have #3 in Financial Fraud Law
Posted on 2 Jan 2014 by Steven A. Meyerowitz

For decades, when a company agreed to settle financial fraud-related charges with the Securities and Exchange Commission, the company typically would pay a fine. Sometimes a large one. The company also typically would insist on a provision in the settlement... Read More

Tags: neither-admit-nor-deny , Judge Jed Rakoff , Citigroup , Securities and Exchange Commission , SEC , financial fraud law , financial fraud , Financial Crisis

Credit Suisse Sued Over Sale of More than $10 Billion in Mortgage Backed Securities
Posted on 18 Dec 2013 by Steven A. Meyerowitz

The State of New Jersey has filed a lawsuit against Credit Suisse Securities (USA) LLC and two of its affiliates alleging that they offered more than $10 billion in residential mortgage backed securities trusts for sale while misrepresenting the risks... Read More

Tags: mortgages , mortgage backed securities , Credit Suisse , financial fraud law , financial fraud , Financial Crisis , foreclosures