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 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.

SEC Shuts Down San Diego-Based Real Estate Investment Fraud

Washington, D.C. - September 10, 2012 - (RealEstateRama) -- The Securities and Exchange Commission today announced an asset freeze against a San Diego-based firm and its owner accused of running a real estate investment fraud that raised approximately $50 million from hundreds of investors nationwide

SEC Charges New Jersey Man in Real Estate Investment Scam

Washington, D.C. WASHINGTON, D.C. The Securities and Exchange Commission today charged a New Jersey man with operating a Ponzi-like scheme involving a series of investment vehicles formed for the purported purpose of purchasing and managing rental apartment buildings in New Jersey and Pennsylvania.

H&R Block Subsidiary Agrees to Pay $28.2 Million to Settle SEC Charges Related to...

Washington, D.C. - April 25, 2012 - (RealEstateRama) -- The Securities and Exchange Commission today charged H&R Block subsidiary Option One Mortgage Corporation with misleading investors in several offerings of subprime residential mortgage-backed securities (RMBS) by failing to disclose that its financial condition was significantly deteriorating.

SEC Charges Three Mortgage Executives With Fraudulent Accounting Maneuvers in Midst of Financial Crisis

Washington, D.C. - March 13, 2012 - (RealEstateRama) -- The Securities and Exchange Commission today charged the senior-most executives at formerly one of the nation’s largest mortgage companies with hiding the company’s deteriorating financial condition at the onset of the financial crisis. The plan backfired and the company lost 90 percent of its value in two weeks.

SEC Halts Father-Son Ponzi Scheme in Utah Involving Purported Real Estate Investments

Washington, D.C. - December 16, 2011 - (RealEstateRama) -- The Securities and Exchange Commission today charged a father and son in Utah with securities fraud for selling purported investments in their real estate business that turned out to be nothing more than a wide-scale $220 million Ponzi scheme.

Citigroup to Pay $285 Million to Settle SEC Charges for Misleading Investors About CDO...

Washington, D.C. - October 19, 2011 - (RealEstateRama) -- The Securities and Exchange Commission today charged Citigroup’s principal U.S. broker-dealer subsidiary with misleading investors about a $1 billion collateralized debt obligation (CDO) tied to the U.S. housing market in which Citigroup bet against investors as the housing market showed signs of distress. The CDO defaulted within months, leaving investors with losses while Citigroup made $160 million in fees and trading profits.

SEC Halts Scheme Involving Investments to Purportedly Help Homeowners Restructure Mortgages

Washington, D.C. - October 19, 2011 - (RealEstateRama) -- The Securities and Exchange Commission today announced that it has obtained an emergency court order to freeze the assets of a Texas resident and his company charged with falsely telling investors he was using their money to buy and restructure pools of non-performing home mortgages in the wake of the housing market’s decline.

SEC Seeks Public Comment on Asset-Backed Issuers and Mortgage-Related Pools Under Investment Company Act

Washington, D.C. - September 1, 2011 - (RealEstateRama) -- The Securities and Exchange Commission today voted unanimously to request public comment on the treatment of asset-backed issuers as well as real estate investment trusts (REITs) and other mortgage-related pools under the Investment Company Act

SEC Recovers CFO’s Bonus and Stock Sale Profits Received During Beazer Homes Accounting Fraud

Washington, D.C. - August 30, 2011 - (RealEstateRama) -- The Securities and Exchange Commission today announced a settlement with the former chief financial officer of Beazer Homes USA to recover his bonus compensation and stock sale profits from the period when the Atlanta-based homebuilder was committing accounting fraud.

Morgan Keegan to Pay $200 Million to Settle Fraud Charges Related to Subprime Mortgage-Backed...

Washington, D.C. - June 22, 2011 - (RealEstateRama) -- The Securities and Exchange Commission, state regulators, and the Financial Industry Regulatory Authority (FINRA) announced today that Morgan Keegan & Company and Morgan Asset Management have agreed to pay $200 million to settle fraud charges related to subprime mortgage-backed securities. Two Morgan Keegan employees also agreed to pay penalties for their alleged misconduct, including one who is now barred from the securities industry.

J.P. Morgan to Pay $153.6 Million to Settle SEC Charges of Misleading Investors in...

Washington, D.C. - June 21, 2011 - (RealEstateRama) -- The Securities and Exchange Commission today announced that J.P. Morgan Securities LLC will pay $153.6 million to settle SEC charges that it misled investors in a complex mortgage securities transaction just as the housing market was starting to plummet. Under the settlement, harmed investors will receive all of their money back

SEC Charges Investment Adviser With Defrauding Investors in Two Upstate New York Real Estate...

Washington, D.C. - May 13, 2011 - (RealEstateRama) -- The Securities and Exchange Commission today charged a Monticello, N.Y.-based investment adviser with fraudulently offering and selling securities in two upstate New York real estate funds he managed.

SEC Announces Securities Laws Violations by Wachovia Involving Mortgage-Backed Securities

Washington, D.C. - April 5, 2011 - (RealEstateRama) -- The Securities and Exchange Commission today announced that Wells Fargo Securities LLC agreed to settle charges that Wachovia Capital Markets LLC engaged in misconduct in the sale of two collateralized debt obligations (CDOs) tied to the performance of residential mortgage-backed securities as the U.S. housing market was beginning to show signs of distress in late 2006 and early 2007.

SEC Charges Former Treasurer of Major Mortgage Lender for Role in Securities Fraud and...

Washington, D.C. - February 24, 2011 - (RealEstateRama) -- The Securities and Exchange Commission today charged the former treasurer of the one-time largest non-depository mortgage lender in the country with aiding and abetting a $1.5 billion securities fraud scheme and an attempt to scam the U.S. Treasury's Troubled Asset Relief Program (TARP)

SEC Charges Former Mortgage Lending Executives With Securities Fraud

Washington, D.C. - February 14, 2011 - (RealEstateRama) -- The Securities and Exchange Commission today charged three former senior executives at IndyMac Bancorp with securities fraud for misleading investors about the mortgage lender’s deteriorating financial condition.

Business Real Estate Press Releases

Movember

Hanley Investment Group Raises $30,000­­­ for Movember, Totaling $243,000

Hanley Investment Group Real Estate Advisors, a nationally recognized real estate brokerage and advisory firm specializing in retail property sales, announced today that the firm has raised $29,401 during its annual Movember campaign.

Recent Gov & Nonprofit Real Estate Press Releases

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