Articles (One Complainant)

Articles Sites:

CAMCO Settles FTC Charges CAMCO Settles FTC Charges: FTC had alleged that CAMCO and its subsidiaries indulged in abusive and deceptive collection practices violating federal law. [FTC] (Articles) http://www.ftc.gov/opa/2004/03/camco.htm Putnam Agrees to Pay to Resolve Market Timing Charges by SEC Putnam Agrees to Pay to Resolve Market Timing Charges by SEC: Putnam settles with SEC for violating federal securities laws by failing to disclose improper market timing trading by its portfolio managers.[SEC] (Articles) http://www.sec.gov/news/press/2004-49.htm SEC to Settle Charges Against Bank of America for Market Timing and Late Trading SEC to Settle Charges Against Bank of America for Market Timing and Late Trading: SEC had charged that the BoA's Capital Management and Securities subsidiaries facilitated market timing and late trading by Canary hedge fund and others. [SEC] (Articles) http://www.sec.gov/news/press/2004-33.htm FTC Charges QVC Home Shopping Channel With Making Deceptive Claims FTC Charges QVC Home Shopping Channel With Making Deceptive Claims: DOJ sues QVC for unsubstantiated claims for Lite Bites weight-loss products and Bee-Alive royal jelly dietary supplements. Also alleges same for Lipofactor Cellulite Target Lotion. {FTC] (Articles) http://www.ftc.gov/opa/2004/03/qvc.htm SEC Charges Gateway with Fraudulent Earnings Manipulation Scheme SEC Charges Gateway with Fraudulent Earnings Manipulation Scheme: The company gave the false and misleading impression that it was outpacing an industry trend of decreasing sales of personal computers. (Articles) http://www.sec.gov/news/press/2003-157.htm SEC Charges Martha Stewart, Broker Peter Bacanovic with Illegal Insider Trading SEC Charges Martha Stewart, Broker Peter Bacanovic with Illegal Insider Trading: Complaint alleges that Stewart committed illegal insider trading when she sold stock of ImClone Systems after receiving an unlawful tip from Bacanovic and subsequently both lied during investigation.[SEC] (Articles) http://www.sec.gov/news/press/2003-69.htm Tower Records' Security Flaw Exposed Customers’ Personal Information Tower Records' Security Flaw Exposed Customers’ Personal Information: MTS and Tower Direct settled Federal Trade Commission charges of exposing customers’ personal information to other internet users, in violation of federal law. [FTC] (Articles) http://www.ftc.gov/opa/2004/04/towerrecords.htm Symbol Technologies Indicted in Accounting and Stock Options Fraud Case Symbol Technologies Indicted in Accounting and Stock Options Fraud Case: US government uncovered a widespread and pervasive accounting fraud scheme to inflate Symbol's reported revenue. It also discovered a 'look-back' plan to help certain executives to use advantageous exercise price for their stock options. [US DOJ] (Articles) http://www.usdoj.gov/usao/nye/pr/2004jun3.htm Mutual Fund Manager MFS Settles with SEC Mutual Fund Manager MFS Settles with SEC: Massachusetts Financial Services Company (MFS) allegedly used brokerage commissions on mutual fund transactions to illegally pay for their marketing and distribution. [SEC] (Articles) http://www.sec.gov/news/press/2004-44.htm SEC Files Civil Fraud Case Against Fleet for Market Timing Arrangements SEC Files Civil Fraud Case Against Fleet for Market Timing Arrangements: It charged that FleetBoston's Columbia Management Advisors and Columbia Funds Distributor allowed certain customers to engage in short-term and excessive trading, while prohibiting others. [SEC} (Articles) http://www.sec.gov/news/press/2004-20.htm Major Pharmaceutical Firm (Glaxo) Concealed Drug Information Major Pharmaceutical Firm (Glaxo) Concealed Drug Information: New York's lawsuit alleges that GlaxoSmithKline misled doctors about the safety of Paxil, a drug used to treat depression in children. [New York Attorney General] (Articles) http://www.oag.state.ny.us/press/2004/jun/jun2b_04.html SEC's Agreement to Settle Civil Fraud Charges Against Fleet for Undisclosed Market Timing SEC's Agreement to Settle Civil Fraud Charges Against Fleet for Undisclosed Market Timing: SEC had charged that Fleet's subsidiaries Columbia Management Advisors and Columbia Funds Distributors allowed certain preferred mutual fund customers to engage in short-term and excessive trading. [SEC] (Articles) http://www.sec.gov/news/press/2004-34.htm OFHEO Imposes Corrective Actions and Penalty on Freddie Mac OFHEO Imposes Corrective Actions and Penalty on Freddie Mac: Findings include that it "disregarded accounting rules, internal controls, disclosure standards, and ultimately, the public trust in the pursuit of steady earnings growth." (Articles) http://www.ofheo.gov/News.asp?FormMode=Release&ID=119 KFC’s Claims That Fried Chicken Is a Way to “Eat Better� Don’t Fly KFC’s Claims That Fried Chicken Is a Way to “Eat Better� Don’t Fly: Kentucky Fried Chicken settles FTC charges that it made false claims about fried chicken’s nutritional value and compatibility with popular weight-loss programs. [FTC] (Articles) http://www.ftc.gov/opa/2004/06/kfccorp.htm SEC Charges CMS Energy Corp. with Fraud in Round-Trip Energy Trades SEC Charges CMS Energy Corp. with Fraud in Round-Trip Energy Trades: According to SEC, CMS arranged "massive pre-arranged trades that, despite lacking economic substance, grossly inflated CMS's reported revenues." [SEC] (Articles) http://www.sec.gov/news/press/2004-38.htm Former NYSE Chief Sued Over Excessive Pay Package Former NYSE Chief Sued Over Excessive Pay Package: New York Attorney General's lawsuit against New York Stock Exchange and Mr. Grasso cites violations of Not-for-Profit Corporation Law in the award of an excessive compensation package. (Articles) http://www.oag.state.ny.us/press/2004/may/may24a_04.html PBHG Funds and Pilgrim Baxter Charged With Fraud PBHG Funds and Pilgrim Baxter Charged With Fraud: SEC charges the founders with fraud in connection with market timing of the Funds. (Articles) http://www.sec.gov/news/press/2003-161.htm Settlement Reached With Five Specialist Firms Settlement Reached With Five Specialist Firms: They allegedly violated Federal Securities Laws and NYSE Regulations by executing orders for their dealer accounts ahead of executable public customer or "agency" orders. [SEC] (Articles) http://www.sec.gov/news/press/2004-42.htm SEC Charges Security Trust in Trading Schemes SEC Charges Security Trust in Trading Schemes: Company facilitated fraudulent mutual fund late trading and market timing schemes, (Articles) http://www.sec.gov/news/press/2003-164.htm SEC Charges Former CIBC Managing Director With Fraud SEC Charges Former CIBC Managing Director With Fraud: Paul A. Flynn charged with providing financing to hedge funds he knew were engaged in unlawful market timing and late trading of mutual funds. (Articles) http://www.sec.gov/news/press/2004-12.htm Death of a HSBC Saleswoman Death of a HSBC Saleswoman: Broker advised a HSBC Asset Management client to seek legal advice regarding improper handling of her account. Management retaliates and destroys her career. (Articles) http://www.canadiancontent.net/commtr/article_693.html KPMG 'obstructed US tax inquiry' KPMG 'obstructed US tax inquiry': The US Justice Department accuses accountancy firm KPMG of obstructing an IRS investigation into tax shelters. [BBC] (Articles) http://news.bbc.co.uk/1/hi/business/3312721.stm Putnam Agrees to Pay for Losses Attributable to Excessive Trading Putnam Agrees to Pay for Losses Attributable to Excessive Trading: SEC found that Putnam committed securities fraud by failing to disclose potentially self-dealing excessive short-term and market timing trading. (Articles) http://www.sec.gov/news/press/2003-156.htm