Last week Morgan Keegan & Co. settled an administrative proceeding centered on the market crisis which claimed that the NAV calculations for certain investment funds made as the markets catapulted downward were false. In contrast, this week the firm prevailed…
Month: June 2011
SEC CHARGES TWO CORPORATE OFFICERS WITH FINANCIAL FRAUD
A financial fraud complaint centered on claims that two senior executives of Basin Water, Inc. falsely inflated company revenue beginning before it was publically traded and continuing through the end of 2007 was filed by the SEC. Named as defendants…
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