Tag: SEC

This Week In Securities Litigation (Week ending June 16, 2017)

A jury in Connecticut largely acquitted three former Nomura Securities RMBS trades charged with conspiracy, securities and wire fraud tied to allegations that the securities were mismarked. This is the second criminal case where jurors rejected such claims. The SEC

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SEC Resolves Financial Fraud Action

Financial fraud has long been a key SEC enforcement priority. The Commission’s most recent case in the area centered incorrect financial statements tied to the premature recognition of revenue reflecting errors and a failure to determine the correct accounting principles.

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