The Securities and Exchange Commission today announced awards of more than $16 million to two whistleblowers who provided information and assistance in a successful SEC enforcement action. The first whistleblower prompted the opening of the… Original Article
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SEC Names Jason J. Burt as Regional Director of the Denver Office
The Securities and Exchange Commission today announced that Jason J. Burt has been named Regional Director of the Denver Office, where he has served as Acting Co-Director since July. “I am pleased that Jason will head the Denver Regional Office after an… Original Article
SEC Charges Operators of $1.2 Billion Ponzi Scheme Targeting Main Street Investors
Washington D.C., Dec. 21, 2017 — The Securities and Exchange Commission today announced charges and an asset freeze against a group of unregistered funds and their owner who allegedly bilked thousands of retail investors, many of them seniors, in a $1.2 billion Ponzi scheme. SEC investigators filed this action to prevent further dissipation of investor assets after obtaining court orders in September and November in […]
SEC Charges Portfolio Manager with Mispricing Fund Investments
The Securities and Exchange Commission today announced settled administrative proceedings against Swapnil Rege, a North Brunswick, New Jersey portfolio manager and trader, for mispricing private fund investments, resulting in a large personal bonus. According to the SEC’s order, from June 2016 to April 2017, while employed by the fund’s adviser, Rege manipulated the inputs he […]