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Cady Bar the Door Insight & Commentary on SEC Enforcement Actions and Related Issues

Category Archives: Investment Frauds

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SEC Sues McGinn Smith Gatekeepers

Posted in Broker-Dealers, Investment Frauds, Parallel Proceedings

If you’re the SEC’s Enforcement Division, suing primary violators is one thing.  Bringing cases against “gatekeepers”, or professionals who allow access to securities markets, can be quite another.  Theories of liability are not always obvious, and often involve searches for evidence of “red flags” that should have been caught before a fraud was allowed to… Continue Reading

SEC Takes Oddly Aggressive Stance on Payment of Monetary Sanctions

Posted in Hedge Funds, Investment Advisers, Investment Frauds

When Mary Jo White was installed as the SEC’s chair in April, I had little doubt she would be well-suited for her new role.  She is extremely well regarded in the securities bar, and doubts about “ties to Wall Street” compromising her effectiveness seemed overblown to me.  I wondered, though, whether her tenure would change the… Continue Reading

SEC Brings Case Involving EB-5 Investment Program

Posted in Investment Frauds

It’s not often that the securities enforcement and immigration law worlds collide, but I suppose it occasionally happens.  It did happen earlier this week when the SEC brought a case in the Northern District of Illinois against Anshoo R. Sethi and two of his companies, known as A Chicago Convention Center (ACCC) and Intercontinental Regional Center Trust of Chicago (IRCTC). To understand… Continue Reading