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Federal Website of the Week Archive

SEC Litigation Against Violators of Security Laws
To get a glimpse of the type of actions the SEC is taking to protect your financial interests, look at this site. It contains day to day descriptions of litigation filed by the SEC to prevent fraudulent security actions. Read for example, one such statement in a action against the Security Trust Company of Phoenix, Arizona:

"Market Timing: During its three-year relationship with the Canary hedge funds, STC and the other defendants employed various methods to attempt to conceal the hedge funds' market timing activities from mutual funds, including a "piggybacking" strategy in which STC set up a sub-account within the account of one of STC's TPA clients and attached the Canary hedge funds' mutual fund trades to the trades of this client without its knowledge."

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