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President Obama nominated Elizabeth J. Drake, Jennifer Choe Groves, and Justice Gary Stephen Katzmann to serve on the United States Court of International Trade.

The Securities and Exchange Commission today charged OZ Management LP with providing inaccurate trade data to four prime brokers, causing inaccuracies in the brokers’ books and records and in data provided to the SEC in investigations.  OZ Management, an investment adviser for numerous Och-Ziff funds, admitted wrongdoing and agreed to pay a $4.25 million penalty to settle the charges.

Remarks as prepared for delivery (Philadelphia, Pennsylvania): Good morning.  I’d like to thank President Cornell Brooks for inviting me and for the NAACP’s work in fighting for equal rights.  It’s an honor to address you from the same stage as so many of our nation’s leaders in business, government and a myriad of other fields.  This is truly a special community.

President Barack Obama has designated J. Patricia Wilson Smoot as of the U.S. Parole Commission effective May 29, 2015.  Chairman Smoot, who has served as Acting Chairman since the retirement of former Chairman Isaac Fulwood on Jan. 30, 2015, was appointed to the U.S. Parole Commission by President Obama and confirmed by the U.S. Senate on Sept. 16, 2010.

The Securities and Exchange Commission today charged a Bay Area oil and gas company and its CEO with running a $68 million Ponzi-like scheme and affinity fraud that targeted the Chinese-American community in California and investors in Asia, including some solicited as part of the EB-5 Immigrant Investor Program.