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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...
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 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 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.
U.S. District Judge Cathy Seibel has given the SEC authority to file an order for “disgorgement of ill-gotten gains.”
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.
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.
The money allegedly disappeared in bad trades and on personal expenses of more than $500,000 a year.
The SEC stated that Avatar and its CEO violated multiple sections of the Investors Advisers Act of 1940.
Sears Holding Corp. has lost more than $5 billion over the last three years.
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.
The Securities and Exchange Commission has leveled fraud charges against a Stamford-based investment advisory firm, Atlantic Asset Management LLC.
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