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Pace law professor Elissa Germaine named to SEC committee

When the Securities and Exchange Commission's Investor Advisory Committee meets May 21, one of its new members will be a professor from Pace University's...

Bronxville penny stock schemer banned from market and fined $2.5M

The SEC accused Fiore in a 2018 lawsuit of engaging in market manipulation schemes that produced more than $11.5 million in illicit proceeds from stock transactions.

Stamford’s REINNO looks to disrupt real estate investing with tokenization

“Most of our competitors just do the tokenization,” co-founder Barry Moniês says. “But we do that, plus we’re a lender, plus we’re going to be launching our own marketplace, a Craigslist for tokenized properties if you will.”

Scarsdale bankruptcy expert files for bankruptcy protection

Joseph Sarachek describes himself as “one of the foremost authorities in the trading of privately held distressed debt.”

SEC and prosecutor say Haitian investment scheme was $2M fraud

“Pierre fraudulently obtained millions of dollars from investors (by) promising impossibly high returns from securities trading,” the SEC complaint states.

Revolution Technologies affirms accounting errors; several employees to be fired

Previously filed financial statements are now being revised.

Former College of New Rochelle controller Keith Borge pleads guilty to...

Borge, 62 of Valley Cottage, inflated assets and underreported liabilities from 2014 to 2016, the government says, to disguise the college’s rapidly deteriorating financial condition.

Rockland investment adviser pleads guilty in $11M fraud

The Securities and Exchange Commission then in turn charged Hector May and his daughter, Vania Bell, with running a multimillion-dollar Ponzi scheme.

Verizon worker buyouts, impairment charge to cost more than $6 billion

A day after announcing that 10,400 management employees have accepted its buyout offer, Verizon said it expects to record a noncash goodwill impairment charge of approximately $4.6 billion.

Stamford man found guilty in surgical glove investment fraud scheme

Thomas J. Connerton began enticing investors in 2009 to finance his operation, including women he met through an online dating site.

Michael Scronic admits guilt in $22 million hedge fund scam

He was not registered as an investment adviser, the SEC says, and investors were putting money in a “fictitious hedge fund.”

Ramapo agrees with SEC to clean up bond finances

Ramapo officials fabricated financial reports to help sell municipal bonds and to help pay for Provident Bank Park, a minor league baseball stadium.

Feds accuse Pound Ridge man of $20 million securities fraud

The money allegedly disappeared in bad trades and on personal expenses of more than $500,000 a year.

Ridgefield hedge fund manager, firms to pay nearly $13 million in...

The Securities and Exchange Commission alleged that Steven Hicks illegally diverted investor money for use by other hedge funds that were illiquid and in need of cash.

SEC owed $12M from penny stocks trader in Ossining

The SEC says Edward Bronson illegally resold stock in about 100 companies and reaped more than $10 million in profits.