Year: 2011

COMMISSION WINS INJUNCTION IN FRAUDULENT NOTE CASE

The Commission prevailed and secured the entry of a permanent asset freeze as well as a permanent injunction prohibiting future violations of Securities Act Section 17(a) and Exchange Act Section 10(b) in an action centered on a fraudulent note offering.

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MORE BID RIGGING CHARGES IN THE MUNY MARKET

Federal and state law enforcement officials are continuing their investigation into bid rigging and manipulation in the municipal bond market. Last week GE Funding Capital Market Services, Inc. became the latest market participant to settle. The firm resolved possible charges

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