Securities

Recent Posts

SEC Charges Senior Officers of Failed Bank with Fraud
Posted on 12 Oct 2011 by Thomas O. Gorman

The SEC brought another significant market crisis case, this time against the senior officers of a failed financial institution. The complaint centers on repeated efforts by the CEO, COO and manager of credit risk to conceal the rapidly devolving financial... Read More

This Is One Market Crisis Investigation with Positive Results
Posted on 4 Apr 2011 by Thomas O. Gorman

The Taylor, Bean & Whitaker investigation spawned guilty plea number five on Friday. Paul Allen, the former CEO of the collapsed firm, pleaded guilty to conspiracy to commit bank and wire fraud and making false statements. U.S. v. Allen (E.D. Va... Read More

SEC Files Prime Bank Fraud and Offering Fraud Actions as Administrative Proceedings
Posted on 27 Jan 2015 by Thomas O. Gorman

The trend of selecting administrative proceedings rather than Federal court by the SEC appears to be continuing. Since last September, for example, the SEC has filed at least seven insider trading cases as administrative proceeds. Previously, the agency... Read More