January 7, 2010

Former MFS Mutual Fund Portfolio Manager Settles Insider Trading Charges

Steven E. Nothern of Scituate, Massachusetts, who had previously been found liable for insider trading by a federal jury, settled insider trading charges with the SEC.  He agreed to pay a civil penalty of $460,000. 

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January 5, 2010

Investment Adviser CFO/CCO Hedge Fund Manager Barred from Advisory Industry

The SEC found that Mary Beth Stevens, the former chief financial officer and chief compliance officer of AA Capital Partners Inc. (AA Capital), an investment adviser, aided and abetted the misappropriation of more than $23 million by AA Capital and its former president, John Orecchio.

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January 4, 2010

Carol V. di Florio Appointed Director of OCIE

The SEC issued a report entitled Concept Release on Equity Market Structure."  The report reviews an evaluation of equity market structure performance and assesses whether market structure rules have kept pace with changes in trading practices and technology. Click http://www.sec.gov/rules/concept/2010/34-61358.pdf to access the report.

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