
Regulation
HeadSpin Avoids SEC Penalty Through Remediation
CEO Manish Lachwani allegedly falsely inflated the software firm’s revenue by $800 million.
CEO Manish Lachwani allegedly falsely inflated the software firm’s revenue by $800 million.
With the cease-and-desist order, attorneys might take aim at the publisher over alleged misleading statements.
The complaint alleged the insurance giant saddled its plan portfolio with proprietary duds.
BlueCrest Capital Management allegedly misled investors about replacing traders with an underperforming algorithm.
Trustees accused of acting like ‘drunken gamblers’ pay nearly $27 million, deny wrongdoing.
Payment includes $500 million civil penalty distributed to investors by SEC.