Tag Archives: SEC

Did Goldman Sachs Mislead Investors?

Last week the Securities and Exchange Commission filed a civil lawsuit against Goldman Sachs. The suit alleges the company, along with a high-ranking employee, of defrauding investors. Allegedly, the company omitted keys facts and made misstatements relating to subprime mortgages…

Did a Psychic Fail to Foresee Suit Against Himself?

Sean David Morton, a self-proclaimed psychic, has been sued by the Securities and Exchange Commission (SEC) for misleading investors. Morton solicited investors through his own website and a newsletter. All told, Morton acquired approximately $6 million dollars from investors, promising…

Securities and Exchange Commission to Reorganize

The Securities and Exchange Commission (SEC) is trying to toughen up after the Bernie Madoff scandal. The SEC will reorganize many divisions in an attempt to react faster and crack down on individuals seeking to violate Federal regulations. The SEC…