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January 3, 2017
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Blog, Current Investigations, Securities Fraud
A securities-fraud case that triggered widespread changes to sales tactics on Wall Street is once again in the spotlight as a former Jefferies Group LLC bond trader goes back on trial Wednesday in New Haven, Conn, according to The Wall Street Journal on January 3. In 2014, a jury found the former trader, Jesse
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January 29, 2013
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Blog, Securities Fraud
The Securities and Exchange Commission recently charged a former executive at New York-based broker-dealer Jefferies & Co. with defrauding investors while selling mortgage-backed securities in the wake of the financial crisis so he could generate additional revenue for his firm. According to the SEC’s complaint
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August 15, 2012
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Blog, Securities Fraud
According to reports, Wells Fargo has agreed to pay $6.5 million to settle SEC charges that its brokerage firm improperly sold mortgage-backed securities to municipalities, non-profits and other customers. The SEC alleged in charges it recently filed that Wells Fargo sold the securities — which were the focal
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