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Citigroup Bet Against Housing Market Investors, SEC Says, Will Pay $285M To Settle Claims
Posted on 19 Oct 2011 by Timothy Raub

WASHINGTON, D.C. - (Mealey's) Citigroup Global Markets Inc. has agreed to pay $285 million to settle claims that it misled investors about a collateralized debt obligation (CDO) "that was tied to the U.S. housing market in which Citigroup bet... Read More

Judge Orders Former Galleon Partner To Pay Record $92.8 Million Penalty
Posted on 10 Nov 2011 by Timothy Raub

NEW YORK - (Mealey's) A federal judge in New York on Nov. 8 ordered former Galleon Management Co. General Partner Raj Rajaratnam to pay a nearly $93 million civil penalty to the Securities and Exchange Commission for his role in a massive insider... Read More

J.P. Morgan Securities Agrees To $228 Million Settlement In Muni Bond Reinvestment Action
Posted on 8 Jul 2011 by Timothy Raub

WASHINGTON, D.C. - (Mealey's) J.P. Morgan Securities LLC (JPMS) has agreed to pay $228 million to settle charges brought by the Securities and Exchange Commission and other state and federal authorities in connection with its fraudulent rigging of... Read More

Securities and Exchange Commission Sets Up Dodd-Frank Wall Street Reform and Consumer Protection Act Comment Submission Process
Posted on 29 Jul 2010 by Allison Bell

By Allison Bell, Senior Editor/Web Editor, National Underwriter Life & Health The U.S. Securities and Exchange (SEC) has set up a Dodd-Frank Wall Street Reform and Consumer Protection Act comment submission process. The SEC has posted... Read More

Ponzi Scheme is Money Laundering - No Directors And Officers Insurance Coverage for Robert Stanford Fraud
Posted on 18 Oct 2010 by Jennifer Hans

HOUSTON -- (Mealey's) Insurers have proven that their policies' money laundering exclusion precludes coverage for directors and officers insureds' defense costs in underlying criminal and SEC litigation involving the alleged Stanford Ponzi... Read More

Securities and Exchange Commission Adopts Investment Advisers Act of 1940 Rule 206(4)-5, Pay-to-Play, for Investment Advisers
Posted on 7 Sep 2010 by K & L Gates LLP

by Cary J. Meer, Mark Mehrespand and Ben Jacqmotte Excerpt: On July 1, 2010, the Securities and Exchange Commission (the "SEC" or "Commission") adopted Rule 206(4)-5 (the "Rule") under the Investment Advisers Act... Read More