Tag: The Securities and Exchange Commission

sec building
November 22, 2016 BY Valentina Kirilova

Chief Litigation Counsel Matthew C. Solomon to leave SEC

The Securities and Exchange Commission (SEC) has announced that Matthew C. Solomon, the Chief Litigation Counsel for the SEC’s Enforcement Division, will leave the agency early next month. Mr. Solomon has led the Enforcement Division’s litigation program since September 2013, managing cases pending both in federal courts and administrative proceedings at the Commission. The trial…

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September 27, 2016 BY Valentina Kirilova

Merrill Lynch charged with trading controls failures that led to mini-flash crashes

The Securities and Exchange Commission (SEC) has announced that banking company Merrill Lynch has agreed to pay a $12.5 million penalty for maintaining ineffective trading controls that failed to prevent erroneous orders from being sent to the markets and causing mini-flash crashes. An SEC investigation found that Merrill Lynch caused market disruptions on at least 15 occasions…

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September 27, 2016 BY Valentina Kirilova

SEC charges CEO and boiler room operator with fraud

The Securities and Exchange Commission (SEC) has charged a former microcap company CEO and a boiler room operator with defrauding seniors and others who were pressured to invest in a pair of penny stock companies and promised lucrative profits. The SEC alleges that Craig V. Sizer founded Sanomedics Inc. and Fun Cool Free Inc., which were…

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