Financial Fraud Law

Recent Posts

The SEC’s Agenda for This Year? Here It Is…
Posted on 10 Jan 2014 by Steven A. Meyerowitz

The Securities and Exchange Commission has just announced its examination priorities for 2014, which cover a wide range of issues at financial institutions, including investment advisers and investment companies, broker-dealers, clearing agencies, exchanges... Read More

Trading in 255 Dormant Shell Companies Suspended by SEC
Posted on 3 Feb 2014 by Steven A. Meyerowitz

In a microcap fraud-fighting initiative that the Securities and Exchange Commission refers to as Operation Shell-Expel , the SEC has suspended trading in 255 dormant shell companies that it said were “ripe for abuse in the over-the-counter market... Read More

KPMG Charged with Violating Auditor Independence Rules
Posted on 24 Jan 2014 by Steven A. Meyerowitz

The Securities and Exchange Commission has charged public accounting firm KPMG with violating rules that require auditors to remain independent from the public companies they are auditing to ensure they maintain their objectivity and impartiality. ... Read More

Michael Osnato Becomes Chief of SEC Enforcement Division’s Complex Financial Instruments Unit
Posted on 8 Jan 2014 by Steven A. Meyerowitz

Michael J. Osnato, Jr., has been named chief of the Securities and Exchange Commission’s Enforcement Division unit that conducts investigations into complex financial instruments. Osnato, who joined the SEC staff in 2008 and who has served as... Read More

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

Merrill Lynch Settles SEC Charges of Misleading CDO Investors, and Will Pay $131 Million
Posted on 12 Dec 2013 by Steven A. Meyerowitz

Merrill Lynch, charged by the Securities and Exchange Commission with making faulty disclosures about collateral selection for two collateralized debt obligations (CDO) that it structured and marketed to investors, and with maintaining inaccurate books... Read More