The SEC has announced that it has charged the former CEO, CFO, and controller of former subprime behemoth New Century Financial with securities fraud. Facing charges are former CEO and co-founder Brad A. Morrice, former CFO Patti M. Dodge, and former controller David N. Kenneally. All are accused of failing to warn investors about the risks

... and Keenan knowingly made false and misleading statements under the securities laws. The opinion features quotes from then-Senator (now ... the intent of the Sarbanes-Oxley Act. Background The securities fraud claims in this case arise ... all violations of that code or face liability under federal securities law. Such a result is untenable.” However, the corporate officer& ...

... United States Supreme Court web-collection: . . . .Investors brought a securities fraud class action suit against Merck & Co ... are put on notice for the purpose of the statute of limitations in federal securities fraud litigation at the "possibility" of wrongdoing ... statute of limitations defenses being raised in the Hassan-Cox securities fraud class action (while leading Pharmacia -- an ...

... filing complaints against their brokers for conning them into bad investments, say securities fraud attorneys, Recent  victims --& ... the broker's recommendations to invest in unregistered securities that were illiquid, had no recognizable market value and overexposed the seniors to ... Mark Tepper of the Fort Lauderdale, Fla.-based securities boutique firm Mark A. Tepper. He said his firm has ...

Plaintiffs lawyers are slapping public companies with securities class actions months or years after the alleged fraud came to light as they turn their attention away from cases related to the financial meltdown. ... delayed filings are a shift from the previously common practice of pursuing a securities fraud class action days or weeks after a stock-price ...

... ambitions. Now it's being reported that one of his companies has settled a multi-million dollar class-action securities fraud lawsuit.   If they're going to import politicians from the coasts, ... the state from the recession." Yes, they're actually trying to argue that settling a securities fraud lawsuit is a qualification for political office. No, we ...

Washington, D.C., Nov. 10, 2009 — The Securities and Exchange Commission today charged the former chief financial officer of a New York-based hedge fund with securities fraud for arranging secret sales of securities from his personal trading account to the hedge fund accounts at inflated prices to generate his own illicit profits.    » read more »

Mark Alan Shapiro, Irving Stitsky, and William B. Foster, all former principals of a group of companies known as Cobalt, were convicted of securities fraud, wire fraud, mail fraud, and conspiracy charges after they stole more than $18 million from over 150 investors through private placement offerings.

Ralph Cioffi and Matthew Tannin, hedge fund managers at investment bank Bear Stearns, were acquitted of charges relating to alleged securities fraud. in June 2008, Cioffi and Tannin were arrested and processed at Federal Bureau of Investigation (FBI) headquarters in Manhattan. As HousingWire previously reported, the two Bear Stearns funds managed by both men — the High-Grade

... heavy losses and investor fraud steer clear of more complicated securities and schemes. Here’s a guide to ... schemes. Or you can lose your nest egg in legal securities where the new investor does not belong. Here are some tips for self defense… ... financial investment from anyone who is not licensed through the National Association of Securities Dealers (NASD). The smoothest operators lead ...

The Indiana Securities Division filed a complaint against the Indiana State Teachers Association, alleging the union engaged in the sale of securities without license or registration, and unlawfully commingled funds from its insurance trust with other accounts, leading to the estimated loss of $23 million. The state of Indiana asks the Marion Superior Court to freeze “any and all assets ...

Reuters SEC charges New Century Financial officers with securities fraudBloggingStocks (blog)"New Century shareholders took a double-hit: the company's mortgage assets and business performance became increasingly impaired, and management manipulated …SEC accuses 3 ex-New Century execs of fraudLos Angeles TimesSEC Charges Former New Century Executives With FraudWall Street ...

... | Main | SEC Releases Enforcement and Market Data for Fiscal 2009 » The SEC today charged three former top officers of New Century Financial Corporation with securities fraud for misleading investors as New Century’s subprime mortgage... Washington Post - SEC charges three former New Century Financial executives with fraud

... officers and directors of Omnicare alleging violations of federal securities laws; in the words of the Sixth Circuit, “Seizing on ... 8217;s dismissal, although we reverse its disposition regarding the claims brought under the Securities Act of 1933.” The Sixth Circuit began its analysis by explaining that § 10(b) securities fraud claims must be pleaded with the same specificity as ...

... Court case is whether investors should have realized sooner that fraud might have occurred. Merck claims that investors should have filed ... Smith Edwards and Kantas Founder and Stockbroker Fraud Attorney William Shepherd, “It is an oddity to see our government ... timely. Per federal law, plaintiffs must file their securities fraud complaint within two years after finding out about the violation. ...