LexisNexis® Legal Newsroom
This Week in Securities Litigation (April 22, 2011)

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...

SEC Charges Recidivist In International Manipulation

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...

SEC Charges Three RMBS Traders With Lying to Clients

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...