September 30, 2021/US SEC The Securities and Exchange Commission today charged Keith A. Wakefield, a former managing director and head of fixed income trading at IFS Securities, Inc., an Atlanta-based broker-dealer, with causing millions of dollars of losses through unauthorized trading in fixed income securities, and with fraudulently obtaining approximately […]
Frauds & Scandals
SEC Charges Former Executives of Registered Investment Adviser with Fraud
September 30, 2021/US SEC The Securities and Exchange Commission today charged Robert D. Press, the former CEO of the advisory firm TCA Fund Management Group Corp., and Donna M. Silverman, TCA’s former chief portfolio manager, for their roles in the firm’s scheme to artificially inflate the net asset values and […]
SEC Bars Two Individuals from Whistleblower Award Program
September 28, 2021/US SEC The Securities and Exchange Commission today announced that it has barred two individuals from the SEC’s whistleblower award program, each of whom filed hundreds of frivolous award applications. The bars were issued pursuant to the 2020 amendments to the Whistleblower Program Rules, which were designed to […]
