Monthly Archives: February 2013

SEC Charges Hedge Fund Managers David Bryson and Bart Gutekunst with Fraud

SEC v. New Stream Capital, LLC, New Stream Capital (Cayman), Ltd., David A. Bryson, Bart C. Gutekunst, Richard Pereira, and Tara Bryson, et al., Case No. 3:13-cv-00264 (D. Conn.).  On February 26, 2013, the SEC announced fraud charges against hedge … Continue reading

Posted in Securities | Tagged , , , ,

SEC Sues Fund Manager George Price in Scheme Involving Risky Mortgage-Related Investments

SEC v. ABS Manager, LLC, et al., Case No. 13 CV 0319 PC JMA (S.D. Cal.).  On February 20, 2013, the SEC announced fraud charges against George Charles Cody Price.  Price raised $18 million for three investment funds through his firm ABS … Continue reading

Posted in Securities | Tagged , ,

SEC Obtains Emergency Asset Freeze of Account Used in Insider Trading Ahead of Heinz Acquisition

SEC v. Certain Unknown Traders in the Securities of H.J Heinz Company (S.D.N.Y.).  On February 15, 2013, the SEC announced that it obtained an emergency court order to freeze assets in a Zurich, Switzerland-based trading account that was used to obtain … Continue reading

Posted in Securities | Tagged , ,

SEC Sues Investment Advisor Desla U. Thomas in Investment Scheme

SEC v. Desla U. Thomas, et al., Case No. 3:13-cv-00739-L (N.D. Tex.).  On February 15, 2013, the SEC announced fraud charges against investment adviser Delsa U. Thomas, The D. Christopher Capital Group, LLC (“DCCMG”), and The Solomon Fund LP.  The SEC’s complaint … Continue reading

Posted in Securities | Tagged , , , , ,

SEC Obtains Final Judgments in Insider Trading Scheme Involving Wall Street Banker, Russian Trader and His Wife

SEC v. Igor Poteroba, Aleksey Koval, Alexander Vorobiev, and Relief Defendants Tatiana Vorobieva and Anjali Walter, Case No. 1:10-CV-2667 (AKH) (S.D.N.Y.).  On February 13, 2013, the SEC announced it had obtained default judgments against Alexander Vorobiev (“Vorobiev”) and his wife, relief defendant … Continue reading

Posted in Securities | Tagged , ,

SEC Settles Cherry-Picking Case against Hedge Fund Manager Howard Berger

SEC v. Howard Brett Berger and Michelle Berger, Case No. CV-12-4728 (E.D.N.Y.).  On February 12, 2013, the SEC announced it settled an enforcement action brought in September 2012.  The SEC alleged Howard Berger (“Berger”) was a founder and manager of … Continue reading

Posted in Securities | Tagged , , ,

CFTC Obtains Emergency Order Freezing Assets of Robert Stanley Harrison

CFTC v. Robert Stanley Harrison, Case No. 8:13-cv-00327-GRA (D.S.C.).  On February 11, 2013, the CFTC announced that the U.S. District Court for the District of South Carolina froze the assets of Robert Stanley Harrison.  The CFTC charged Harrison with fraudulently … Continue reading

Posted in Commodities | Tagged , ,

SEC Files Emergency Action in a $150 Million Investment Scheme

SEC v. A Chicago Convention Center, LLC, Anshoo Sethi, and Intercontinental Regional Center Trust of Chicago, LLC, Case No. 13-cv-982 (E.D. Ill.).  On February 8, 2013, the SEC announced charges and an asset freeze against Anshoo Sethi, A Chicago Convention Center … Continue reading

Posted in Securities | Tagged , ,

SEC Gives Up on Case against IndyMac CFO A. Scott Keys

SEC v. Michael W. Perry et al, Case No. CV 11-1309 R (JCx) (C.D. Cal.).  On February 7, 2013, the SEC announced that a federal judge granted summary judgment in favor of A. Scott Keys, a former CFO of IndyMac Bancorp., … Continue reading

Posted in Securities | Tagged , , ,

SEC Settles Insider Trading Case against Former Executive at a Coca-Cola Bottling Company

SEC v. Steven Harrold, Case No. CV 12-1959 GW (JCx) (C.D. Cal.).  On February 6, 2013, the SEC announced that it settled insider trading charges against Steven Harrold, a former executive at a Coca-Cola bottling company.  In its complaint filed … Continue reading

Posted in Securities | Tagged , ,