The U.S. Securities and Exchange Commission has charged the auditors of Bernard Madoff’s broker-dealer firm with securities fraud over allegations that they claimed they conducted legitimate audits, when they had not, the regulator said Wednesday.In its complaint filed in federal court in Manhattan, the SEC alleges that from 1991 through 2008, certified public accountant David […]
The U.S. Securities and Exchange Commission has settled charges against Merrill Lynch, Pierce, Fenner & Smith Inc. over allegations that it let traders at other firms listen into its squawk boxes, the regulator said Wednesday.The SEC charged the firm with securities laws violations for having inadequate policies and procedures for controlling access to institutional customer […]
Review follows in wake of Madoff scandal
Firms agree to pay nearly US$70 million
The U.S. Securities and Exchange Commission is warning investors and financial services firms about con-artists who may use the names of actual SEC employees to mislead potential victims.The SEC said Monday that investors in the U.S. and other countries have been tricked into revealing private information, giving fraudsters access to their brokerage accounts, and even […]
Firm to pay $125,000 civil penalty for violating fair dealing, gifts and gratuities and supervisory rules
Former prosecutor has been general counsel with Deutsche Bank for past five years
The U.S. Securities and Exchange Commission has hired an advisor to new chairman Mary Schapiro.The SEC announced Tuesday that Kayla Gillan has been named senior advisor to the chairman. At the commission Gillan will work for investors, leading multiple projects including the creation of an Investor Advisory Council, reconsidering access to the proxy, and evaluating […]
Ex-CFO fined US$500,000
Advisors sold investment by promising “improbable and unsubstantiated high interest rates”, regulator alleges