Monthly Archives: October 2013

SEC Charges Dennis Rosenberg with Insider Trading

SEC v. Dennis S. Rosenberg, Case No. 1:13-cv-3559-AT (N.D. Ga.).  On October 29, 2013, the SEC announced insider trading charges against Dennis Rosenberg (“Rosenberg”) for trading in the securities of Carter’s Inc. (“Carter’s”).  According to the SEC, Rosenberg would trade … Continue reading

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CFTC Settles Libor Case against Rabobank for $475 Million

In the Matter of Coöperatieve Centrale Raiffeisen-Boerenleenbank B.A., CFTC Docket  No. 14-02.  On October 29, 2013, the CFTC announced the filing of a Settled Order Instituting Proceedings against Coöperatieve Centrale Raiffeisen-Boerenleenbank B.A. (“Rabobank” or the “Bank”) for the alleged false … Continue reading

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SEC Charges Further Lane Asset Management, GW & Wade, and Knelman Asset Management Group with Violating Custody Rules

In the Matter of Further Lane Asset Management, LLC, et al., Admin. Proc. No. 3-15590; In the Matter of GW & Wade, LLC, Admin. Proc. No. 3-15589; In the Matter of Knelman Asset Management Group, LLC et al., Admin. Proc. … Continue reading

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SEC Charges Stryker Corporation with FCPA Violations

In the Matter of Stryker Corporation, Admin. Proc. No. 3-15587.  On October 24, 2013, the SEC announced it filed a settled Foreign Corrupt Practices Act case against Stryker Corporation related to its subsidiaries’ alleged payments of bribes to doctors, health … Continue reading

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CFTC Releases Annual FY 2013 Results for the Enforcement Division

On October 24, 2013, the CFTC announced the results of its enforcement program for fiscal year 2012 (“FY13”), and they are revealing.  The most significant point is the numbers – the CFTC filed 82 enforcement cases, which is just 20 … Continue reading

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SEC Charges Diebold with FCPA Violations in China, Indonesia and Russia

SEC v. Diebold, Inc., Case No. 1:13-cv-01609 (D.D.C.).  On October 22, 2013, the SEC announced it filed a settled Foreign Corrupt Practices Act case against ATM maker Diebold, Inc.  According to the SEC, Diebold, through its Chinese subsidiary, gave European … Continue reading

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SEC Charges China-based Yuhe International, Inc. and its CEO Gao Zhentao with Fraud

SEC v. Yuhe International, Inc., and Gao Zhentao, Case No. 1:13-cv-01598-RCL (D.D.C.). On October 18, 2013, the SEC announced fraud charges against Yuhe International, Inc.(“Yuhe”), a China-based provider of broiler chickens, and its Chief Executive Officer, Gao Zhentao (“Gao”).  According … Continue reading

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CFTC Filed Settled Charges against JP Morgan in Connection with the “London Whale” Swaps Trades

In the Matter of JPMorgan Chase Bank, N.A., CFTC Docket No. 14-01.  On October 16, 2013, the CFTC announced it issued a settled Order against JPMorgan Chase Bank, N.A. (“JPMorgan”) in connection with the trading of certain credit default swaps … Continue reading

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SEC Charges Michael Enea with Operating a Ponzi Scheme

SEC v. Michael R. Enea, Case No. 2:13-cv-01151 (E.D. Wis.).  On October 11, 2013, the SEC announced fraud charges against Michael R. Enea.  According to the SEC, Enea ran a Ponzi scheme from 2006 to 2013 in which he sold … Continue reading

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SEC Settles with Previously Unknown Insider Traders Michel and Rodrigo Terpins

SEC v. Michel Terpins and Rodrigo Terpins, Case No. 13-cv-1080 JSR (S.D.N.Y.).  On October 10, 2013, the SEC announced that brothers Michel and Rodrigo Terpins have agreed to pay almost $5 million to settle insider trading charges for trading in … Continue reading

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