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SEC Announces $2.8 Million Settlement in Recent Illegal Insider Trading Case

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The Securities Exchange Commission announced this morning that Swiss trader, Helmut Anscheringer, agreed to settle the illegal trading charges for more than $2.8 million. The SEC investigation revealed that Mr. Anscheringer profited over $1.8 million from insider information regarding the Florida-based fingerprint sensor technology company, AuthenTec.  In 2012, Mr. Anscheringer learned from a longtime friend related to an… Read More

New York Attorney General Proposes New Financial Fraud Whistleblower Legislation

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Currently in New York, there is no law to protect whistleblowers who report securities or other financial violations. New York Attorney General Eric T. Schneiderman is hoping to change that. He is proposing a new bill – the Financial Frauds Whistleblower Act. The proposed whistleblower program provides similar protections as the SEC whistleblower program.  That… Read More