Legal Eagle Review
SEC Freezes Accounts of Six Chinese Citizens and One Offshore Entity Charged with Insider Trading
- Details
- Created on Saturday, 07 April 2012 12:54
- Written by SEC
Washington, DC - The Securities and Exchange Commission announced that it has obtained a court-ordered freeze of the assets of six Chinese citizens and one British Virgin Islands entity charged with insider trading in Zhongpin Inc., a China-based pork processor whose shares trade in the U.S.
U.S. and Canadian Securities Regulators Discuss Closer Cooperation on Cross-Border Oversight
- Details
- Created on Saturday, 07 April 2012 12:52
- Written by LER
Washington, DC - The Securities and Exchange Commission announced Tuesday that its senior staff met last week with counterparts at the Ontario Securities Commission (OSC) to discuss ways to further strengthen cooperation regarding their supervision of financial firms.
FTC Charges Payday Lending Scheme with Piling Inflated Fees on Borrowers and Making Unlawful Threats
- Details
- Created on Monday, 02 April 2012 20:28
- Written by Legal Eagle Review
The Federal Trade Commission has taken action against a payday lending operation that allegedly piled on undisclosed and inflated fees, and collected on loans illegally by threatening borrowers with arrest and lawsuits. The FTC has asked a federal court to stop the allegedly illegal business tactics while the agency pursues its case against the defendants.
FTC Case Against Deceptive Robocallers Leads to Record $30 Million in Civil Penalties
- Details
- Created on Monday, 02 April 2012 20:26
- Written by LER
In response to charges by the Federal Trade Commission, a federal judge has ordered the defendants behind a deceptive robocall scheme to pay a total of $30 million in civil penalties and give up more than $1.1 million in ill-gotten gains for violations of the FTC Act and the Telemarketing Sales Rule.
SEC Sues Two Executives in Texas to Recover Bonuses and Stock Profits
- Details
- Created on Monday, 02 April 2012 20:23
- Written by Legal Eagle Review
The Securities and Exchange Commission today sued two former executives at an Austin, Texas-based surgical products manufacturer to recover bonus compensation and stock sale profits they received during an accounting fraud at the company.
More Articles...
- Pomerantz Law Firm Has Filed a Class Action Against A123 Systems
- SEC Charges Medical Device Company Biomet with Foreign Bribery
- Multi-Million-Dollar Hospice Health Care Fraud Alleged
- EUSA Pharma Inc. to Pay $180,000 for Allegedly Submitting Inflated Claims to Medicare
- Beware Identity Theft During Tax Season