fbpx
Home Tags Securities and Exchange Commission

Tag: Securities and Exchange Commission

SEC accuses Hudson Valley tequila producer of defrauding investors of nearly...

More than $470,000 was transferred from 6 Degree Tequila’s bank account to Cimino’s personal checking account, the SEC alleges, often within days of the company receiving investments.

PepsiCo, Beyond Meat partner to develop plant protein snacks and drinks

Purchase-based PepsiCo and Beyond Meat, which is based in El Segundo, California, and specializes in producing food products made from plant protein that replicate...

UPDATE: Macy’s store at White Plains Galleria to close

The Macy’s store in The Galleria in White Plains is on a list of locations expected to be closed by the end of the...

Target signs lease to open Port Chester store

The national retailer Target has signed a lease to open a store in the Gateway Port Chester shopping center. The shopping center is on...

Pace law professor Elissa Germaine named to SEC committee

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...

PepsiCo moves ahead with deals in the COVID-19 era

While many businesses in Westchester have found their activities and ability to pursue deal-making constrained by the COVID-19 situation, Purchase-based PepsiCo has managed to...

M&T Bank moves to a new staffing model at tristate branches

M&T Bank is transitioning to a new staffing model at its branches in the tristate area in which all workers – regardless of position...

Premium Point Investments accused of securities fraud

Premium Point Investments accused of securities fraud for allegedly inflating the value of its hedge fund portfolios, in criminal indictments and SEC civil action. Amin Majidi, a partner in the firm who lives in Armonk, and Ashish Dole, former chief risk officer, from White Plains, were charged in the case.

Michael Scronic consents to SEC ban in $22M hedge fund fraud

U.S. District Judge Cathy Seibel has given the SEC authority to file an order for “disgorgement of ill-gotten gains.”

Former rental company executive sentenced for parole violation

John N. Milne, who served 27 months for conspiring to falsify the books and records of United Rentals Inc. while he served as its president, was sentenced to 24 months for violating the terms of his supervised release.

SEC charges Westport Capital Markets with defrauding clients

The SEC said the firm bought securities from underwriters at a discount to the public offering price and then resold those same securities to its advisory clients at higher prices without disclosing the markup.

Feds accuse Pound Ridge man of $20 million securities fraud

The money allegedly disappeared in bad trades and on personal expenses of more than $500,000 a year.

SEC obtains final judgments against Stamford-based Avatar Investment Management

The SEC stated that Avatar and its CEO violated multiple sections of the Investors Advisers Act of 1940.

Sears/Kmart owner says ‘substantial doubt exists’ about future

Sears Holding Corp. has lost more than $5 billion over the last three years.

Greenwich investor Eberwein fined $90K by SEC

All told, a group of investors has agreed to pay a total of $420,000 in fines for failing to properly disclose ownership information during campaigns to influence or exert control over microcap companies.