The SEC on Wednesday accused 18 traders, mostly based in China, of illegally making $31 million by manipulating thinly traded securities; in a parallel action, two traders, Jiali Wang and Xiaosong Wang, were criminally charged in Boston, the SEC said.
Read moreLek Securities Corp. and CEO Sam Lek will pay $2 million to settle charges of “facilitating manipulative U.S. trading by a Ukraine-based firm over a three-year period,” SEC said Wednesday.
Read moreBMO Harris Financial Advisors and BMO Asset Management Corp. will pay $37 million to settle charges that they failed to reveal that advisers selected investments in their retail investment advisory program which included the selection of more expensive investments from which BMO advisers profited, the SEC said Friday.
Read moreThe SEC claims in federal court that Alkiviades David, founder and CEO of co-defendant Hologram USA Networks, fraudulently induced investors to buy securities by falsely claiming to have exclusive rights to stage holographic shows of famous dead performers such as Whitney Houston and Tupac Shakur, touting supposed partnerships they had not made.
Read moreMylan will pay $30 million to settle charges of overcharging Medicaid by hundreds of millions of dollars for EpiPen, its largest revenue and profit-generating product, the SEC said Friday.
Read moreThe SEC claims in federal court that Kai Christian Petersen, 52, of Germany; Gil Beserglik, 33, of Israel; and Raz Beserglik, 63, of Israel and Germany, fraudulently offered more than $100 million in binary options, and “also misappropriated millions of dollars of investor deposits.”
Read moreBenjamin Conde, 56, of Fairfield, N.J., made $3.1 million in a pump-and-dump scheme that cost investors $2.4 million, through his Essex Global Investment Corp. and Facultas Capital Management, the SEC claims in federal court.
Read moreGerald C. Parker, 76, of Juno Beach, Fla., defrauded investors of $20.5 million “through an unregistered, fraudulent offering of securities in the form of Social Voucher ‘common stock,’” the SEC says in federal court.
Read morePricewaterhouseCoopers accounting and its partner Brandon Sprinkle will pay $7.9 million to settle charges of violating auditor independence rules, the SEC said Monday.
Read moreThe SEC sued Rabbi Zvi Feiner, Erez Baver and their company FNR Healthcare in federal court, claiming they raised more than $10 million to buy nursing homes, but sold properties without telling investors, failed to distribute the proceeds to investors and spent them on other projects and themselves.
Read moreNissan on Monday agreed to pay $15 million and its former CEO Carlos Ghosn $1 million to settle SEC charges of filing false financial disclosures that omitted more than $140 million to be paid to Ghosn in retirement, the SEC said.
Read moreThe SEC claims in federal court that under the direction of its chief business officer, defendant Ruben James Rojas, 56, of Corona, Calif., the Montebello Unified School District sold $100 million in municipal bonds to public investors, while concealing that Montebello’s independent auditor had raised concerns about potential fraud and internal controls problems at the district.
Read moreThe SEC sued Mediatrix Capital, Blue Isle Markets, Michael Stephen Young, 47, Michael Shawn Stewart, 56, and 22 other entities in federal court, claiming they have “placed at risk more than $125 million of investors’ funds,” through a “fraudulent, ongoing international trading program.”
Read morehe SEC says it has sued ICOBox and its founder Nikolay Evdokimov in federal court, “for conducting an illegal $14 million securities offering of ICOBox’s digital tokens and for acting as unregistered brokers for other digital asset offerings.”
Read moreXY Planning Network, et al. sued the SEC in federal court, claiming its “best interest” regulation of July this year circumvents a key goal of the Dodd-Frank Act by allowing broker-dealers to “maintain harmful conflicts of interests while being able to market themselves as trusted advisers acting in their client’s best interests.”
Read moreThe SEC claims that Toon Googles and its founder Ira Warkol aka Ira Warren, a recidivist securities fraudster, raised $19 million for unregistered securities through false and misleading statements.
Read moreThe Options Clearing Corporation will pay $20 million and change its ways to settle SEC and CFTC complaints about its risk management and information systems security.
Read moreThe SEC claims in federal court that recidivist felon John F. Thomas, 74, of Henderson, Nev. (who uses four aliases), et al., defrauded investors of $29.5 million in a sports gambling Ponzi scheme.
Read moreThe SEC claims in federal court that Michael C. Hild, 43, of Richmond, Va., pocketed “more than $24 million in compensation which was funded wholly or substantially by the ill-gotten gains” that his co-defendant company Live Well Financial “obtained through its mismarking scheme” involving bonds and reverse mortgages.
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