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Target signs lease to open Port Chester store

The national retailer Target has signed a lease to open a store in the Gateway Port Chester shopping center. The shopping center is on...

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...

PepsiCo moves ahead with deals in the COVID-19 era

While many businesses in Westchester have found their activities and ability to pursue deal-making constrained by the COVID-19 situation, Purchase-based PepsiCo has managed to...

M&T Bank moves to a new staffing model at tristate branches

M&T Bank is transitioning to a new staffing model at its branches in the tristate area in which all workers – regardless of position...

Premium Point Investments accused of securities fraud

Premium Point Investments accused of securities fraud for allegedly inflating the value of its hedge fund portfolios, in criminal indictments and SEC civil action. Amin Majidi, a partner in the firm who lives in Armonk, and Ashish Dole, former chief risk officer, from White Plains, were charged in the case.

Michael Scronic consents to SEC ban in $22M hedge fund fraud

U.S. District Judge Cathy Seibel has given the SEC authority to file an order for “disgorgement of ill-gotten gains.”

Former rental company executive sentenced for parole violation

John N. Milne, who served 27 months for conspiring to falsify the books and records of United Rentals Inc. while he served as its president, was sentenced to 24 months for violating the terms of his supervised release.

SEC charges Westport Capital Markets with defrauding clients

The SEC said the firm bought securities from underwriters at a discount to the public offering price and then resold those same securities to its advisory clients at higher prices without disclosing the markup.

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.

SEC obtains final judgments against Stamford-based Avatar Investment Management

The SEC stated that Avatar and its CEO violated multiple sections of the Investors Advisers Act of 1940.

Sears/Kmart owner says ‘substantial doubt exists’ about future

Sears Holding Corp. has lost more than $5 billion over the last three years.

Greenwich investor Eberwein fined $90K by SEC

All told, a group of investors has agreed to pay a total of $420,000 in fines for failing to properly disclose ownership information during campaigns to influence or exert control over microcap companies.

Westport’s Lime Rock Management among 10 firms fined by SEC for...

The firm will pay $75,000 to settle charges that it violated the SEC rules by receiving compensation from public pension funds within two years after campaign contributions made by the its associates.

SEC charges Stamford’s Atlantic Asset Management with fraud

The Securities and Exchange Commission has leveled fraud charges against a Stamford-based investment advisory firm, Atlantic Asset Management LLC.

Hedge fund pays $21.5 million penalty

Level Global Investors L.P. agreed April 29 to pay $21.5 million to settle charges that its co-founder and several employees had engaged in inside trading of Dell Inc. and Nvidia Corp. securities.