Regulation
SEC Charges Adviser With Fraudulently Operating Private Fund
Anthony Cottone allegedly raised nearly $3 million using false and misleading representations, and misappropriated funds.
Tag: Securities and Exchange Commission
Newsmakers
Ride-Hailing Apps Drove Him to Crime, Says SEC
A taxi medallion investor hurt by the success of Uber and Lyft allegedly committed fraud to boost his stock.
Regulation
Crypto Promoter Charged With Scamming Investors Out of Millions
The SEC alleges Ryan Ginster promised ‘astronomical’ returns of 8% per day.
Regulation
SEC Whistleblower Program Has Record Year in Fiscal 2021
The regulator gave $564 million to 108 tipsters, while distributing $521 million to harmed investors.
Regulation
SEC Adopts New Contested Election Rules
The amendments will provide proxy voters the same options as shareholders voting in person.
Regulation
SEC’s SPAC Scrutiny Leads to $38.8 Million Music Service Settlement
The regulator says it is ‘intently focused on SPAC merger transactions.’
Former Goldman Compliance Analyst Charged With Insider Trading
The SEC alleges Jose Luis Casero Sanchez ‘abused his position of trust’ by using confidential information to make trades.
Regulation
SEC Wants Funds to Reveal More Proxy Voting Information
The regulator proposes disclosure rule changes regarding ‘say-on-pay’ votes and securities lending.
Regulation
SEC Reportedly Subpoenas PSERS Over Alleged Compensation, Gifts
The regulator is also seeking information on a financial misstatement from 2020 that triggered a contribution increase.
Risk
SEC Charges Purported ‘Green’ Mining Company With Fraud
Back to Green Mining and two of its executives are accused of stealing $2.7 million from investors.
Asset Allocation
Former HeadSpin CEO Arrested in Alleged $80 Million Fraud
Manish Lachwani is accused of grossly overstating sales figures when courting investors.
Regulation
SEC Charges Could Open Pearson to Securities Lawsuits
With the cease-and-desist order, attorneys might take aim at the publisher over alleged misleading statements.
CEO Charged in Multimillion Dollar Fraud Involving Two Firms
Aron Govil allegedly siphoned $7 million from Cemtrex and Telidyne investors for personal use.
Risk
SEC Busts Alleged Silicon Valley Insider Trading Ring
Six are charged with trading on material, nonpublic information involving Infinera and Fortinet.
Dentist-Turned-Investment Adviser Charged in Three Frauds by SEC
Edgar Radjabli is accused of manipulating the securities market for Veritone, among other schemes.