Monthly Archives: December 2012

Eli Lilly Settles SEC FCPA Case By Agreeing to Pay $29 Million

SEC v. Eli Lilly and Company, Case No. 1:12-cv-02045 (D.D.C.).  On December 20, 2012, the SEC announced charges against Eli Lilly and Company for violations of the Foreign Corrupt Practices Act (“FCPA”) for unlawful payments made to government officials in … Continue reading

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SEC Charges Investment Advisory Firms and Portfolio Managers For Collapse of Mutual Fund

In the Matter of Claymore Advisors, LLC, Admin. Proc. File No. 3-15139; In the Matter of Mohamed Riad and Kevin Timothy Swanson, Admin. Proc. File No. 3-15141; In the Matter of Fiduciary Asset Management, LLC, Admin. Proc. File No. 3-15140.  … Continue reading

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SEC Charges Hedge Fund Manager Peter Eichler, Jr. With Fraud Steering Winning Trades To Select Clients

SEC v. Aletheia Research and Management, Inc. and Peter J. Eichler, Jr., Case No. 12-cv-10692-JFW (RZx) (C.D. Cal.).  On December 14, 2012, the SEC announced charges against Hedge Fund Manager Peter Eichler and his firm Aletheia Research and Management, Inc.  … Continue reading

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SEC Settles Fraud Claims Against Hedge Fund Manager Steven Hart For $1.3 Million

SEC v. Steven B. Hart, Case No. 12-CIV-8986 (S.D.N.Y).  On December 11, 2012, the SEC announced it filed a settled fraud action against hedge fund manager Steven Hart for engaging in trading schemes.  According to the SEC, Hart caused the … Continue reading

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SEC Files Settled Offering Fraud Case Against Rodney Ratheal

SEC v. Premco Western, Inc. and Rodney Scott Ratheal, Case No. 2:12-cv-01120-BSJ (D. Utah).  On December 10, 2012, the SEC announced it filed a settled fraud action against Premco Western, Inc., an oil and gas company that drills on land … Continue reading

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SEC Charges Wells Fargo Investment Banker John W. Femenia And Nine Others With Insider Trading

SEC v. John Femenia, et al., Case No. 3:12-cv-803 GCM (W.D. NC).  On December 5, 2012, the SEC announced insider trading charges against Wells Fargo investment Banker John W. Femenia and Aaron M. Wens, Matthew Musante, Anthony Musante, Shawn Hegedus, Danielle … Continue reading

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SEC Charges Chinese Affiliates Of Big Four Accounting Firms For Refusing To Produce Documents In Connection With SEC Investigations

In the Matter of BDO China Dahua CPA Co., Ltd. et al, Admin Proc. No. 3-15116.  On November 3, 2012, the SEC announced it issued an Order Instituting Proceedings against BDO China Dahua Co.. Ltd., Deloitte Touche Tohmatsu Certified Public Accountants Ltd., Ernst & … Continue reading

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SEC Settles Insider Trading Charges Against I. Joseph Massoud For More Than $1.4 Million

SEC v. I. Joseph Massoud, Case No. 3:12-cv-01691 (D. Ct.).  On November 30, 2012, the SEC announced insider trading charges against I. Joseph Massoud.  The SEC alleges that Massoud traded ahead of the sale of Patriot Capital Funding based on … Continue reading

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SEC Settles With Igor Cornelsen and Bainbridge Group For $5.1 Million For Insider Trading In Burger King Stock

SEC v. Igor Cornelsen and Bainbridge Group, Inc., Case No. 12-civ-8712 (S.D.N.Y).  Previously, I wrote about the SEC’s Burger King Insider Trading Case against Waldyr Neto.  On November 30, 2012, the SEC announced charges against Igor Cornelsen and his firm … Continue reading

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