Are you in compliance?

Don't miss out! Sign up today for our weekly newsletters and stay abreast of important GRC-related information and news.


Status message

Start your free, no obligation 5-day trial to continue exploring with full access.

2015 SEC Trial Scorecard Update: Jury Finds Bank, CEO Liable for Fraud

Bruce Carton | December 16, 2014
As I did in FY 2014, I am again tracking the SEC's trials and outcomes for FY 2015 in this running SEC Trial Scorecard. 
To date in FY 2015, which began on October 1, 2014, the SEC has had three trials in federal court reach a verdict (see the full list below). The most recent verdict was announced last night in the case of SEC v. BankAtlantic Bancorp, Inc. and Alan B. Levan.  According to Andrew Ceresney, the SEC's Director of Enforcement, a federal jury in Miami found after a six-week trial that

CEO Alan Levan’s 2007 statements during BBX’s second quarter earnings conference call fraudulently misled investors regarding the financial health of the bank, that BBX’s 2007 annual...

Read this single article for $49, or click the subscribe button below to review subscription options.

Enjoy unlimited access to thousands of articles, browse five years of digital magazines, qualify for reduced admission to events, and more.