SEC Settles Market Manipulation Charges Against Mingran Wang for $1.3 Million in Ill-Gotten Gains
SEC settles market manipulation charges against Mingran Wang for a spoofing scheme that generated $1.3 million in ill-gotten gains.
Law
We cover latest news on investor lawsuits, investigations and investment fraud. Unfortunately, investment fraud is very common, especially with seniors. We report on several different kinds of security fraud that includes Ponzi-Schemes, Bad Accounting and Improper Sales Practices.
SEC Orders Margaret Sanders and Sanders Family Office to Pay Penalties Over $56 Million Ponzi Scheme
SEC finds Margaret Sanders and Sanders Family Office acted as unregistered brokers in a $56 million Ponzi scheme affecting 660 investors.
SEC Settles Insider Trading Case Against Robert Yedid, Andrew Kaufman, and Mark Jacobs for $595,538
The SEC secured proposed final consent judgments against three defendants in an insider trading scheme that generated more than $500,000 in unlawful profits from pharmaceutical and biotechnology company trades.
SEC Charges Battle Motors CEO Michael W. Patterson Over $112.5 Million Convertible Debt Fraud
The SEC filed civil charges against Battle Motors CEO Michael W. Patterson, alleging the company misrepresented vehicle orders and dealer network size in connection with a $112.5 million convertible debt offering.
Quest Education LLC and Daniel Blue Settle SEC Unregistered Broker Charges Over $2.5 Million in Commissions
Quest Education LLC and principal Daniel Blue agreed to SEC consent judgments after collecting $2.5 million in commissions as unregistered brokers.
SEC Targets David Kushner and La Mancha Funding Corp Over $2.14 Million Investor Misappropriation
The SEC alleges David Kushner and La Mancha Funding Corp raised $10.49 million from investors and misappropriated at least $2.14 million in undisclosed fees.
Great Point Capital LLC Fined $2 Million in SEC Recordkeeping Enforcement Action
Great Point Capital LLC agreed to a $2 million SEC fine and cease-and-desist order for recordkeeping failures under Exchange Act Rule 17a-4.
Great Point Capital LLC Fined $2 Million in SEC Recordkeeping Enforcement Action Read More »
Justin Jennings and Vortex Strategies Charged in $2.7 Million Insider Trading Scheme
Justin Jennings and Vortex Strategies LLC face SEC charges over an alleged $2.7 million insider trading scheme involving eight public companies.
Justin Jennings and Vortex Strategies Charged in $2.7 Million Insider Trading Scheme Read More »
SEC Fines Canaccord Genuity $20 Million for Anti-Money Laundering Program Failures
Canaccord Genuity LLC agreed to a $20 million SEC penalty for widespread anti-money laundering program failures affecting its international operations.
SEC Fines Canaccord Genuity $20 Million for Anti-Money Laundering Program Failures Read More »
SEC Charges John Sterling Myers and Sterling Capital in $3.6 Million Pooled Investment Fraud
The SEC charged John Sterling Myers and Sterling Capital with a $3.6 million pooled investment fraud affecting at least 28 investors in Illinois.
