Articles Posted in SEC Enforcement Actions 2013

Securities and Exchange Commission v. Edward J. Woodard, Jr., Cynthia A. Sabol, CPA and Stephen G. Fields, Civil Action No. 2:13cv16 (Eastern District of Virginia, Complaint filed January 9, 2013) SEC Charges Three Former Senior Officers of Commonwealth Bank With Understating Losses and Material Misstatements During Financial Crisis The Securities and Exchange Commission today charged…

SEC Charges Two KPMG Auditors for Failed Audit of Nebraska Bank Hiding Loan Losses During Financial Crisis The Securities and Exchange Commission today charged two auditors at KPMG for their roles in a failed audit of a Nebraska-based bank that hid millions of dollars in loan losses from investors during the financial crisis and eventually…

Securities and Exchange Commission v. Chetan Kapur; Lilaboc, LLC d/b/a ThinkStrategy Capital Management, LLC, Civil Action No. 11-CIV-8094 (S.D.N.Y.) (PAE) Court Orders New York-Based Hedge Fund Manager and Firm to Pay Nearly $5 Million in Disgorgement and Penalties The Securities and Exchange Commission recently announced that, on January 3, 2013, Judge Paul A. Engelmayer of…

Securities and Exchange Commission v. Nekekim Corp. and Kenneth W. Carlton, Civil Case No. 1:13-cv-00010-AWI-SKO (E.D. Calif., filed January 3, 2013) SEC Charges California Company and CEO With Defrauding Investors in Nevada Gold Mining The Securities and Exchange Commission recently filed fraud charges against a California-based mining company and its CEO who induced hundreds of…