The Securities and Exchange Commission today (August 9) announced a settled enforcement action against General American Life Insurance Company and a former senior vice president, William C. Thater, for their roles in a late trading scheme. General American is a St. Louis-based insurance company and subsidiary of MetLife, Inc.

Allegedly Injured Consumers Who Did Not Authorize Defendants to Debit Their Bank Accounts

Bank Holding Company to Pay $8.5 Million Civil Penalty

Commission’s Seniors Summit to Be Held Sept. 10

The Securities and Exchange Commission announced today (August 3) that a federal jury found Michael J. Pietrzak and Maurice W. Furlong liable for securities fraud and other charges in their operation of Hexagon Consolidated Companies of America, Inc. (HCCA), a development stage mining company headquartered in Reno, Nev. Pietrzak was HCCA's general counsel, CFO, and executive secretary, as well as a director. Furlong was HCCA's chairman, president and CEO.

The Securities and Exchange Commission today (August 1) announced that it has started distribution of the $267 million Fair Fund created as part of settlements with Qwest Communications International Inc. and several of its former executives.

The Securities and Exchange Commission today (August 1) filed charges against Silicon Valley semiconductor company Integrated Silicon Solution, Inc. (ISSI) and its former Chief Financial Officer, Gary L. Fischer, alleging that they engaged in a long-running fraudulent scheme to backdate stock option grants.

The Federal Trade Commission today (July 31) told the Senate Committee on Commerce, Science, and Transportation Subcommittee on Consumer Affairs, Insurance, and Automotive Safety that targeting fraudulent and abusive telemarketing is a top priority at the agency.

The Securities and Exchange Commission today (July 31) charged Aspen Technology, Inc., with fraudulently inflating revenue over a three-year period.

Pharmaceutical Distribution Company to Pay $35 Million Penalty

The Securities and Exchange Commission has filed a civil fraud action against Robert J. Therrien, former President and CEO of Brooks Automation, Inc., a Massachusetts software company, alleging that he received millions of dollars in undisclosed compensation by fraudulently backdating his exercise of an option to purchase company stock.

The Federal Trade Commission, with assistance from local police and the United States Postal Inspection Service, today (July 25) halted the operations of a massive, Largo, Florida-based telemarketing scheme operated by Suntasia Marketing, Inc.