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Four executives have consented to judgments permanently enjoining them from future violations of the charged provisions and requiring them to pay penalties.
When the Securities and Exchange Commission's Investor Advisory Committee meets May 21, one of its new members will be a professor from Pace University's...
The SEC accused Fiore in a 2018 lawsuit of engaging in market manipulation schemes that produced more than $11.5 million in illicit proceeds from stock transactions.
“Most of our competitors just do the tokenization,” co-founder Barry Moniês says. “But we do that, plus we’re a lender, plus we’re going to be launching our own marketplace, a Craigslist for tokenized properties if you will.”
Joseph Sarachek describes himself as “one of the foremost authorities in the trading of privately held distressed debt.”
“Pierre fraudulently obtained millions of dollars from investors (by) promising impossibly high returns from securities trading,” the SEC complaint states.
Previously filed financial statements are now being revised.
Borge, 62 of Valley Cottage, inflated assets and underreported liabilities from 2014 to 2016, the government says, to disguise the college’s rapidly deteriorating financial condition.
The Securities and Exchange Commission then in turn charged Hector May and his daughter, Vania Bell, with running a multimillion-dollar Ponzi scheme.
A day after announcing that 10,400 management employees have accepted its buyout offer, Verizon said it expects to record a noncash goodwill impairment charge of approximately $4.6 billion.
Thomas J. Connerton began enticing investors in 2009 to finance his operation, including women he met through an online dating site.
He was not registered as an investment adviser, the SEC says, and investors were putting money in a “fictitious hedge fund.”
The money allegedly disappeared in bad trades and on personal expenses of more than $500,000 a year.
The Securities and Exchange Commission alleged that Steven Hicks illegally diverted investor money for use by other hedge funds that were illiquid and in need of cash.