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A forthcoming academic study has done just that for one regulator, tracking the money investors have received from the Securities and Exchange Commission’s efforts to punish frauds and other financial crimes. The results of the research, to be published in the Stanford Law Review in 2015, cast the SEC’s performance in an interesting light: The […]
The SEC announced today the Fair Fund distribution of more than $78 million to more than 590,000 investors who were affected by undisclosed market timing in certain AIM mutual funds. The agency stated that the distribution is the result of a prior SEC enforcement action against AIM Advisors, Inc., which advised the funds, and AIM […]
The University of California announced today that the distribution of the over $7 billion settlement fund in the Enron securities class action has begun. The University of California serves as lead plaintiff for Enron investors in the class action, and is represented by the law firm Coughlin Stoia. The school announced that today’s distribution is […]
The SEC announced today that it has filed a motion in its case against Adelphia Communications Corp. seeking an order authorizing the distribution of $95 million plus accrued interest (the “SEC Fund”). The SEC Fund is currently being held in the court’s registry pursuant to the procedures adopted by the DOJ with respect to the […]