Month: August 2011

The former Chairman of the Board and CEO of Duane Reade, Inc., Anthony Cuti, was sentenced to serve a prison term of three years for financial fraud. He was also ordered to pay a $5 million fine. Mr. Cuti was …

FORMER DUANE READE CEO SENTENCED TO PRISON FOR FINANCIAL FRAUD Read More »

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Periodically executives and regulators become concerned about short selling. During the recent market crisis, for example, the SEC placed limitations on selling the shares of financial institutions short. Although the directive was controversial, regulators in other country followed suit. As …

SEC SETTLES WITH TWO NAMED IN A SHORT SELLING SCHEME Read More »

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