June 13, 2019
The U.S. Securities and Exchange Commission told a Pennsylvania federal court Thursday it reached a roughly $1.5 million deal with the former top brass of now-defunct Global Transition Solutions, urging the court to close the book on the dispute.
February 15, 2019
The U.S. Securities and Exchange Commission was partially denied a quick win on Thursday when a Pennsylvania federal judge decided that some of the evidence presented in its suit against two former brokerage executives accused of bilking their investors with hidden costs failed to definitively prove its argument.
June 15, 2018
The U.S. Securities and Exchange Commission asked a Pennsylvania federal court on Friday for a quick win in its suit alleging two former transition management brokerage executives bilked clients with hidden costs, but the executives have mounted a rival bid to get the case thrown out as untimely.
April 21, 2017
Global Transition Solutions Inc. agreed to an injunction Thursday to settle U.S. Securities and Exchange Commission claims that the transition management brokerage bilked customers out of $13 million by coordinating with routing brokers to impose markups on the transactions and splitting the proceeds.
August 09, 2016
Transition management brokerage Global Transition Solutions and three of its executives bilked customers — typically public pension funds — out of $13 million "in a long-standing scheme" by coordinating with routing brokers to impose markups on the transactions and splitting the proceeds, the U.S. Securities and Exchange Commission charged Monday in a lawsuit in Pennsylvania federal court.