Authors Posts by SEC

The mission of the U.S. Securities and Exchange Commission (SEC) is to protect investors, maintain fair, orderly, and efficient markets, and facilitate capital formation.

Contact:

SEC Headquarters
100 F Street, NE
Washington, DC 20549
Phone: (202) 942-8088

SEC

SEC Charges Real Estate Broker With FCPA Violations

The Securities and Exchange Commission today announced settled FCPA charges against a New Jersey real estate broker arising out of his attempt to bribe a foreign official while acting as a broker for Colliers International Group, Inc.
SEC

Alleged Perpetrator of Ski Slope Investment Scheme Agrees to Pay Back Investor Money, Surrender...

The Securities and Exchange Commission today announced that the Miami-based businessman behind an alleged scheme involving investments in a Vermont-based ski resort has agreed to pay back more than $81 million of investor money that he used illegally.
SEC

Barred Broker Charged in Real Estate Investment Scheme

The Securities and Exchange Commission today charged a former broker, his company, and his business partner in an alleged real estate investment scheme utilizing high-pressure sales tactics to pilfer $6 million from retirees and other investors while using the proceeds to fund the broker’s lavish lifestyle and start e-cigarette businesses.
SEC

SEC Exposes Two Initial Coin Offerings Purportedly Backed by Real Estate and Diamonds

The Securities and Exchange Commission today charged a businessman and two companies with defrauding investors in a pair of so-called initial coin offerings (ICOs) purportedly backed by investments in real estate and diamonds.

Purported Real Estate Investment Manager Settles Fraud Charges

The Securities and Exchange Commission today announced that a purported real estate investment manager has agreed to pay more than a half-million dollars to settle charges that he pocketed investor money in an investment scheme

SEC Announces Fraud Charges, Asset Freeze in Alleged Nursing Home Investment Scheme

The Securities and Exchange Commission today announced fraud charges and an emergency asset freeze obtained against a businessman in South Carolina accused of siphoning funds he raised from investors for the purpose of purchasing or renovating senior housing facilities

Port Authority Omitted Risks to Investors in Roadway Projects

The Securities and Exchange Commission today announced that the Port Authority of New York and New Jersey has agreed to admit wrongdoing and pay a $400,000 penalty to settle charges that it was aware of risks to a series of New Jersey roadway projects but failed to inform investors purchasing the bonds that would fund them

SEC Charges Renewable Energy Company, CEO, and Others With Defrauding Investors

The Securities and Exchange Commission today filed fraud charges against four individuals and others who allegedly profited by defrauding investors in a cash-strapped California-based renewable energy company.

Executives Charged With Inflating Performance of Real Estate Investment Trust

The Securities and Exchange Commission today charged two former accounting executives with overstating the financial performance of a large publicly-traded real estate investment trust (REIT) then known as American Realty Capital Properties (ARCP) by purposely inflating a key metric used by analysts and investors to assess the company

Purported Green Technology Company Defrauding Investors

The Securities and Exchange Commission today charged a California-based company and two executives with using baseless financial projections and other misleading statements to defraud investors in a venture to manufacture environmentally-friendly building materials.

SEC Proposes Rules to Modernize Property Disclosures for Mining Registrants

The Securities and Exchange Commission today announced that it has proposed rules to modernize the disclosure requirements for mining properties by aligning them with current industry and global regulatory practices and standards. The proposed revisions would update disclosure requirements for mining registrants in Item 102 of Regulation S-K under the Securities Act of 1933 and the Securities Exchange Act of 1934 and related guidance in Industry Guide 7

Mortgage Company and Executives Settle Fraud Charges

The Securities and Exchange Commission today announced that a California-based mortgage company and six senior executives agreed to pay $12.7 million to settle charges that they orchestrated a scheme to defraud investors in the sale of residential mortgage-backed securities guaranteed by the Government National Mortgage Association (Ginnie Mae).

SEC: Stockbroker Stole Investor Money for Home Renovations

The Securities and Exchange Commission today announced fraud charges against a former stockbroker accused of stealing investor money to remodel his house and pay other bills. The SEC alleges that Bernard M. Parker raised more than $1.2 million from his longstanding brokerage customers and others who were told they were purchasing legitimate real estate tax lien certificates and would earn returns of six to nine percent annually

SEC Charges Home Loan Servicing Solutions for Misstatements and Inadequate Internal Controls

The Securities and Exchange Commission today charged Home Loan Servicing Solutions Ltd. (HLSS) for making material misstatements about its handling of related party transactions and the value of its primary asset and for having inadequate internal accounting controls

SEC Announces Compliance Outreach Program Seminars for Investment Adviser and Investment Company Senior Officers

The events provide an opportunity for SEC staff to share information about risks, priorities, and deficiencies observed in examinations or investigations and to discuss how senior executives and compliance professionals have addressed such matters.

SEC Obtains Asset Freeze in California-Based Real Estate Investment Scheme

Washington D.C. - November 4, 2013 - (RealEstateRama) -- The Securities and Exchange Commission today announced fraud charges and an emergency asset freeze against a group of Pasadena, Calif.-based companies at the center of an ongoing real estate investment scheme.

SEC Charges Real Estate Executives in Florida-Based $300 Million Investment Scheme

Washington, D.C. - January 30, 2013 - (RealEstateRama) -- The Securities and Exchange Commission today charged five former real estate executives who defrauded investors into believing they were funding the development of five-star destination resorts ...

SEC Charges Former Jefferies Executive with Defrauding Investors in Mortgage-Backed Securities

Washington, D.C. - January 28, 2013 - (RealEstateRama) -- The Securities and Exchange Commission today charged a former executive at New York-based broker-dealer Jefferies & Co. with defrauding investors while selling mortgage-backed securities (MBS) in the wake of the financial crisis so he could generate additional revenue for his firm.

SEC Charges Baton Rouge-Based Investment Adviser with Hiding Losses From Mortgage-Backed Securities Investments

Washington, D.C. - November 9, 2012 - (RealEstateRama) -- The Securities and Exchange Commission today charged a hedge fund manager in Baton Rouge, La., with defrauding investors by hiding millions of dollars in losses suffered during the financial crisis from investments tied to residential mortgage-backed securities (RMBS).

SEC Charges Connecticut-Based Broker with Stealing Investor Funds to Pay Mortgage and Shopping Bills

Washington, D.C. - September 13, 2012 - (RealEstateRama) -- The Securities and Exchange Commission today charged a broker and his company based in Danbury, Conn., with stealing at least $600,000 from customers who he persuaded to withdraw money from their brokerage accounts he managed at other firms and instead invest with him directly.

Business Real Estate Press Releases

NorthstarMLS-SEMR-Groupshot

Second Largest MLS in Minnesota to Join NorthstarMLS

Southeast Minnesota REALTORS® (SEMR) has become a shareholder in the largest MLS in the state of Minnesota, NorthstarMLS. MLS operations will be merged this fall. As a result, NorthstarMLS will represent approximately 19,000 real estate professionals

Recent Gov & Nonprofit Real Estate Press Releases

NIBS

New SAFETY Act Best Practices Guide to Commercial Building Security Now...

A new web-based tool can help security professionals for commercial office buildings perform assessments based on the Best Practices for Anti-Terrorism Security (BPATS) for commercial office buildings. With best practices developed by the U.S. Department of Homeland Security (DHS) Science and Technology Directorate (S&T)