As the Galleon insider trading trial draws to a close and
the Lindsey FCPA trial moved forward in the Central District of
California, one of the few senior executives charged in a market crisis case
was found guilty by a jury after a ten day trial. SEC enforcement brought
actions based on an undisclosed...
The Commission charged recidivist securities law violator
Nicholas Geranio and others with running a complex international manipulation
and boiler room operation for over two years which fleeced investors out of
over $35 million. SEC v. Gerandio (C.D. Cal. Filed May 16, 2012). Mr.
Geranio was enjoined...
The SEC and the U.S. Attorney’s Office for the District of Connecticut charged three senior traders with fraud by misrepresenting pricing information to clients regarding securities traded in opaque markets. In those markets clients often rely on the trader for pricing information since it is not...