5/6/2019/US SEC On June 4, 2019, the Securities and Exchange Commission charged Peter Baker, of Lawrenceville, Georgia, and Elizabeth Oharriz, of Miami Shores, Florida, and their companies with orchestrating a prime bank investment scheme and stealing over $2.2 million from investors. The SEC’s complaint alleges that, from 2013 through 2017, […]
Frauds & Scandals
SEC Files Fourth Subpoena Enforcement in Possible Market Manipulation Scheme
5/6/2019/US SEC On June 4, 2019, the Securities and Exchange Commission filed a subpoena enforcement action against Einstein Investments LLC, an Arizona-based investment firm, seeking an order directing it to comply with an investigative subpoena. According to the SEC’s application filed in the U.S. District Court for the Central District […]
Hedge Fund Adviser to Pay $5 Million for Compliance Failures Related to Valuation of Fund Assets
June 4, 2019/US SEC The Securities and Exchange Commission today announced that a private fund manager in the mortgage-backed securities space has agreed to pay a $5 million penalty to settle charges stemming from compliance deficiencies that contributed to the firm’s failure to ensure that certain securities in its flagship […]
