The Supreme Court ruled yesterday that SEC enforcement actions against investment advisors must be filed within five years from the date of the alleged fraud, not from the date the fraud was discovered by the governmentwas discovered by the government. In Gabelli v. SEC, the SEC sought civil penalties against the chief operating officer and […]
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Stanford guilty of bilking investors of billions
Second Biggest Ponzi Schemer is Now a Federal Guest – for 110 Years Convicted Ponzi schemer, Robert Stanford, is still in prison. Don’t hold a seat at the table for him; it will be awhile before his social calendar allows him to dine out. In what was a vindication for the Federal government, Stanford’s financial […]
READ MOREI’m Your Pusher: Purdue Pharma Cops to Oxycontin Charges
Today is clearly not a good day at Purdue Pharma, which is being pilloried in the press and in the blogosphere after pleading to charges of “misleading] regulators, doctors and patients about oxycontin’s risk of addiction and its potential to be abused.” As a PR issue, it’s a mess. On the other hand, the $600 million […]
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