Stock Fraud News

Facebook IPO Fuels Concerns about How the Stock Market Works

The Facebook IPO could be one of the biggest opening flops in stock market history. What many people believe should …

President Obama Signs JOBS Act, Raising Concerns of Fraud

In April, President Obama signed the Jumpstart Our Business Startups (JOBS) Act into law, a bill to help small businesses …

Justice Dept. Seeks Information about Mortgage-Securities Fraud

The Justice Department launched a website on May 24, 2012 seeking information about securities fraud from individuals who worked in …

Moody’s Says Its Employees Overrated Some Securities

Moody’s Corporation admitted that several of its workers violated the company’s code of conduct when they overrated some securities known …

SEC Official Anticipates More Subprime Fraud

The U.S. Securities and Exchange Commission’s enforcement official believes that it’s too early to determine whether or not the current …

Former KPMG Executive Settles Peregrine Charges for $80K

Larry A. Rodda, once the managing director of KPMG Consulting LLC, accepted an enforcement action filed against him by the …

Merrill Lynch Sued over Collateralized Debt Obligations

On Feb. 1, the Massachusetts Secretary of State William F. Galvin filed a lawsuit against New York-based brokerage firm Merrill …

Utah Businessman Charged with $180 Million Ponzi Scheme

Both the Utah Attorney General’s office and the Securities and Exchange Commission have charged Val. E. Southwick of Ogden, Utah …

Bear Stearns Guilty in Stock Fraud Case

A US District Court has convicted Bear Stearns, a major stockbrokerage firm on Wall Street, of five separate offenses involving …

Brokers fired from Smith Barney in wake of Wall Street scandals

Following the Wall Street scandals, Citigroup has said that it has fired four Smith Barney brokers for “inappropriate behavior related …