January 13, 2025/US SEC The Securities and Exchange Commission today charged Alfred V. Tobia, Jr., the former president and chief investment officer (CIO) of one public company and a member of the board of another, and his sister-in-law, Elizabeth Lee, with insider trading that resulted in more than $428,000 in […]
Frauds & Scandals
SEC Obtains Final Judgment Against Former Officer and Director For Fraudulent Statements in Press Releases
January 8, 2025/US SEC On January 2, 2025, the U.S. District Court for the District of Connecticut entered a final judgment by consent against Michael Caridi, whom the SEC had charged in connection with the issuance of fraudulent press releases by Tree of Knowledge International Corp. (“TOKI”). According to the […]
SEC Obtains Judgment Against Former Executive at MoviePass’s Parent Company
January 2, 2025/US SEC On December 23, 2024, the U.S. District Court for the Southern District of New York entered a consent judgment against Theodore J. Farnsworth, former CEO of Helios & Matheson Analytics Inc. (HMNY), for making materially false and misleading statements concerning HMNY’s subsidiary, MoviePass, Inc., a movie […]
