SEC Stops Ponzi Scheme Targeting Seniors, Small Businesses
Alleged fraudsters invested funds in ‘calamitous trading strategy.’
Regulation
Here’s How to Boost Tax Collection, Says Larry Summers
Increase IRS audits, which are shrinking. This would help narrow the budget deficit, ex-Treasury secretary contends.
Texas Public Pension Funds Set Financial Health Record
State and local pension funds’ soundness improves from last year.
Trustee Pleads Guilty to Defrauding Disability Charity Pension
Patrick McLarry admitted to stealing £250,000 from pension plan he oversaw.
US Senators Introduce Miner Pension Rescue Bill
Bipartisan legislation aims to protect pensions for 92,000 coal miners.
SEC Extends Enforcement Reach in 2019
Money returned to swindled investors jumps 50% to $1.2 billion.
SEC Charges Adviser over Ponzi Scheme Targeting Haitians
Ruless Pierre, who targeted family and friends, could face 45 years in prison.
Congress Eyes Barring Federal Pension Investments in China
An independent government body had been preparing to invest in a global index that has 7.5% Chinese stocks.
CalSTRS Says SEC Proposal Weakens Corporate Accountability
Pension giant scolds regulator for attempt ‘to solve problems that simply do not exist.’
SEC Accuses Company of Withholding Investor Money to Squelch Whistleblowing
Online auction portal allegedly made investors sign confidentiality agreements prior to distributing returns.
What Defines ‘Materiality’? CalPERS’ CEO Likens New SEC Disclosure Rules to Allowances in Sexual Harassment
Marcie Frost says SEC term is too ambiguous.
Two Plead Guilty for Roles in $910 Million Ponzi Scheme
Victims were lured with the promise of gains from alternative energy tax credits.
Judge Axes Pension Fund Lawsuit over Healthcare Shift
Pension participants filed suit after program’s pullout from healthcare coverage.
Bitcoin Bites Child Pornographers
Cryptocurrency transactions help agents track down child porn ring leader.
UK Pension Regulator’s Widespread ‘Crackdown’ on Poor Recordkeeping Practices
Pensions found in poor accordance with standard practices face fines and penalties.