A U.S. judge has rejected UBS AG’s bid to dismiss a federal regulator’s lawsuit accusing it of misleading Fannie Mae and Freddie Mac into buying billions of dollars of risky mortgage debt.  U.S. District Judge Denise Cote in Manhattan…

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The SEC charged Deloitte Touche Tohmatsu CPA Ltd for refusing to provide audit work papers related to a Chinese company that is under investigation for accounting fraud.  This is…

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U.S. District Judge Jed Rakoff in Manhattan has given his blessing and signed off on Bank of America Corp’s agreement to pay $315 million to settle claims by investors who said they were misled into buying mortgage-backed…

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SEC Enforcement can be relentless, particularly when it knows the prize is a high profile individual.  On Tuesday, the Commission “bagged” a Hollywood movie producer along with his friends (3 in his inner…

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A former paralegal with  semiconductor company in Kalispell, MT, and her father, pulled off an insider trading job in 2009, making some $67,000 in illicit profits – relatively small potatoes…

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A federal appeals court on Wednesday reversed the dismissal of an SEC lawsuit against Morgan Keegan & Co. by a federal district court judge, and so, the case is going back to the…

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The Federal Circuit Court of Appeals in Washington, D.C., recently ruled that Landmark Screens LLC can pursue a legal malpractice suit against Morgan, Lewis & Bockius over a botched patent application.  This is the latest…

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The Business Conduct Committee of the CBOE took disciplinary action in 6 cases against members and associated persons, based on investigations by Exchange staff.  Each member settled the charges by submitting a Letter of Consent and agreeing to pay…

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The SEC on Wednesday charged a Florida man and 10 of his cohorts in 2 separate schemes to illegally sell stock, including one that sought to capitalize on the devastation to Haiti’s infrastructure following the country’s massive earthquake in…

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The SEC on Tuesday today charged UBS Financial Services Inc. of Puerto Rico and 2 executives with making misleading statements to investors, concealing a liquidity crisis, and masking its control of the secondary market for 23 proprietary closed-end mutual…

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