The SEC will receive a substantial budget increase under the President’s proposed budget. The 13% increase will permit the agency to increase staff and improve fraud detection, according to Chairman Schapiro. Senator Grassley, a member of the Senate Finance Committee,…

The current market crisis and credit crunch continues. New fraudulent investment schemes surface. They seem to go hand in hand. On Wednesday, three more investment schemes became the basis for criminal and civil securities fraud charges. First, James M. Nicholson,…