Monthly Archives: February 2013

SEC Files Insider Trading Case against James Balchan for Trading on Information Gained from his Wife, a Law Firm Partner

SEC v. James Balchan, Case No. 4:13-cv-00298 (S.D. Tx.).  On February 6, 2013, the SEC announced that it filed insider trading charges against James Balchan for trading ahead of the acquisition of National Semiconductor after he misappropriated confidential information from … Continue reading

Posted in Securities | Tagged , ,

CFTC Obtains $325 Million Penalty to Settle LIBOR Case against the Royal Bank of Scotland and RBS Securities Japan Limited

In the Matter of The Royal Bank of Scotland plc and RBS Securities Japan Limited, CFTC Docket No. 13-14.  On February 6, 2013, the CFTC announced it issued a settled Order against the Royal Bank of Scotland and RBS Securities Japan related … Continue reading

Posted in Commodities | Tagged ,

CFTC Sues Halifax Investment Services for Illegal Solicitation of Forex Orders

CFTC v. Halifax Investment Services, Ltd., Case No. 1:13-cv-00892 (E.D.Ill.).  On February 5, 2013, the CFTC announced charges against Halifax Investment Services, Ltd. of Sydney, Australia relating to the solicitation and acceptance of forex orders from U.S. customers without the … Continue reading

Posted in Commodities | Tagged , ,

SEC Settles Case against Former Officers of Gibraltar Asset Management Group

SEC v. Garfield Taylor, Inc., et al., Case No. 1:11-cv-02054-RLW (D.D.C.).  On February 5, 2013, the SEC announced that it settled its case against three former officers of Gibraltar Asset Management Group, LLC for their role in a $27 million … Continue reading

Posted in Securities | Tagged , , ,

SEC Settles Insider Trading Case Against Four Company Executives and Two Tippees

SEC v. Patrick M. Carroll, James P. Carroll, William T. Carroll, David Mark Calcutt, Christopher Calcutt, David Stitt, John Monroe and Stephen Somers, Case No. 3:11-cv-165-H.  On February 5, 2013, the SEC announced that it settled insider trading charges in … Continue reading

Posted in Securities | Tagged , ,

SEC Announces that Investment Adviser Timothy Roth Was Sentenced to 12 Years in Parallel Criminal Case

SEC v. Timothy J. Roth, et al, Case No. 11-cv-02079 (C.D. Ill.).  On February 5, 2013, the SEC announced that a federal judge sentenced Timothy J. Roth to 151 months in prison and ordered him to pay $16,151,964 in restitution … Continue reading

Posted in Securities | Tagged , , , ,

SEC Charges Richard and Susan Olive with Defrauding Senior Citizens Investing in Charity

SEC v. Richard and Susan Olive, Case No. 2:13-cv-14047 (S. D. Fl.); SEC v. We the People, Inc. of the United States, Case No. 2:13-cv-14050 (S. D. Fl.); SEC v. William G. Reeves, Esq., Case No. 2:13-cv-14048 (S. D. Fl.).  … Continue reading

Posted in Securities | Tagged , , , , ,