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 Former Stock Promoter With Defrauding Investors in Florida Real Estate Venture
WASHINGTON, D.C. - April 24, 2014 - (RealEstateRama) -- The Securities and Exchange Commission today filed fraud charges against a former Florida-based stock promoter currently serving a two-year prison sentence for lying to SEC investigators.
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 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 cri...
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 th...
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 ...
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 apar...
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-backe...
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 con...
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...
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 ...
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 investo...
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.
SEC Charges Purported Real Estate Business and Owner for Conducting Ponzi Scheme
Washington, D.C. - October 7, 2010 - (RealEstateRama) -- The Securities and Exchange Commission today charged a Chicago-area company and its owner for perpetrating a Ponzi scheme in which they promised investors extraordinary returns generated from a purportedly successful real estate business.
State Street Employees Charged for Misleading Investors About Subprime Mortgage Investments
Washington, D.C. - September 30, 2010 - (RealEstateRama) -- The Securities and Exchange Commission today charged a pair of employees at Boston-based State Street Bank and Trust Company with misleading investors about their exposure to subprime investments.
SEC Charges Minneapolis Attorney and San Francisco Real Estate Lending Fund Promoters with Misleading...
Washington, D.C. - September 22, 2010 - (RealEstateRama) -- The Securities and Exchange Commission today charged a Minneapolis-based attorney and two San Francisco-area promoters with defrauding investors in a real estate lending fund by concealing the financial collapse of the fund's sole business partner.
SEC Charges Citigroup and Two Executives for Misleading Investors About Exposure to Subprime Mortgage...
Washington, D.C. - July 30, 2010 - (RealEstateRama) -- The Securities and Exchange Commission today charged Citigroup Inc. with misleading investors about the company's exposure to subprime mortgage-related assets. The SEC also charged one current and one former executive for their roles in causing Citigroup to make the misleading statements in an SEC filing
Goldman Sachs to Pay Record $550 Million to Settle SEC Charges Related to Subprime...
Washington, D.C. - July 16, 2010 - (RealEstateRama) -- The Securities and Exchange Commission today announced that Goldman, Sachs & Co. will pay $550 million and reform its business practices to settle SEC charges that Goldman misled investors in a subprime mortgage product just as the U.S. housing market was starting to collapse
SEC Charges N.Y.-Based Investment Adviser With Fraudulent Management of CDOs Tied to Mortgage-Backed Securities
Washington, D.C. - June 21, 2010 - (RealEstateRama) -- The Securities and Exchange Commission today charged a New York-based investment adviser and three of his affiliated firms with fraudulently managing investment products tied to the mortgage markets as they came under pressure in 2007
SEC Charges Former Chairman of Major Mortgage Lender With $1.5 Billion Securities Fraud and...
Washington, D.C. - June 16, 2010 - (RealEstateRama) -- The Securities and Exchange Commission today charged the former chairman and majority owner of what was once the nation's largest non-depository mortgage lender with orchestrating a large-scale securities fraud scheme and attempting to scam the U.S. Treasury's Troubled Asset Relief Program (TARP).
