Jamille Sutton

August 14, 2014 | The American Lawyer

The Securities and Exchange Commission has begun an extensive investigation into alternative mutual funds, a controversial investment product offered to ordinary investors that has gained popularity recently, raising concern over their potential harm, people familiar with the matter told The Wall Street Journal.

By Jamille Sutton

2 minute read

August 14, 2014 | The American Lawyer

A former professor at Massachusetts Institute of Technology and his son pleaded guilty to securities fraud, wire fraud and obstruction of justice after being caught for running a $500 million hedge fund scam, the U.S. Attorney's Office of the District of Massachusetts announced Tuesday.

By Jamille Sutton

3 minute read

August 13, 2014 | The American Lawyer

The U.S. Commodity Futures Trading Commission has ordered Jacob Stein to pay $244,400 in restitution and $100,000 in penalties for committing fraud against his customers using a commodity pool that traded leveraged or margined off-exchange foreign currency contracts, the agency announced on Monday.

By Jamille Sutton

2 minute read

August 13, 2014 | The American Lawyer

While being interrogated by the Securities and Exchange Commission in 2009, a former executive at the global insurance company American International Group Inc. refused to answer the agency's questions, and pleaded the fifth over 200 times, transcripts obtained by The Wall Street Journal show.

By Jamille Sutton

2 minute read

August 12, 2014 | The American Lawyer

The Republican state committees of New York and Tennessee sued the Securities and Exchange Commission, claiming that its rule limiting political donations from investment firms is unconstitutional, Reuters reports.

By Jamille Sutton

2 minute read

August 12, 2014 | The American Lawyer

Banana producer Chiquita Brands International received a buyout bid on Monday from Cutrale Group, a wholesale orange juice company, and the private bank Safra Group, who offered to buy all of Chiquita's shares for $611 million, The New York Times reports.

By Jamille Sutton

2 minute read

August 12, 2014 | The American Lawyer

Former Microsoft Corp. senior manager Brian Jorgenson was sentenced to two years in prison and three years of supervised release for insider trading from which he and his partner profited $400,000, U.S. Attorney Jenny Durkan of the Western District of Washington announced Friday.

By Jamille Sutton

2 minute read

August 11, 2014 | The American Lawyer

The Securities and Exchange Commission charged New York-based brokerage Crucible Capital Group Inc. and its chief executive officer for violating net capital requirements and falsifying documents to conceal the firm's capital insufficiencies, the agency announced Friday.

By Jamille Sutton

2 minute read

August 08, 2014 | The American Lawyer

Investcorp., the owner of SourceMedia, a New York City-based publisher of several financial trade publications, said on Thursday that it has sold the company to Observer Capital.

By Jamille Sutton

2 minute read

August 08, 2014 | The American Lawyer

Goldman Sachs revealed that its dark pool trading system is under investigation, according to its quarterly filing with the Securities and Exchange Commission.

By Jamille Sutton

2 minute read