February 16, 2024/US SEC The Securities and Exchange Commission today announced that registered investment adviser Van Eck Associates Corporation has agreed to pay a $1.75 million civil penalty to settle charges that it failed to disclose a social media influencer’s role in the launch of its new exchange-traded fund (ETF). […]
Frauds & Scandals
SEC Obtains Final Judgment Against Massachusetts Resident in $1.6 Million Securities Fraud
February 12, 2024/US SEC On February 8, 2024, the Securities and Exchange Commission obtained final judgments against John Feloni and his company Stock Squirrel, Inc. Among other things, the judgments order payment of over $2 million in disgorgement of ill-gotten gains, prejudgment interest, and civil penalties to be paid variously […]
SEC Obtains Final Judgments Against Promoters of Multi-Million Dollar CoinDeal Scheme
February 7, 2024/US SEC On February 7, 2024, the United States District Court for the Northern District of Illinois entered final judgments on all claims against two CoinDeal promoters, Arline Woodbury of Ridgewood, New Jersey and Joyce Holverson of River Forest, Illinois. The SEC’s complaint alleged that Woodbury and Holverson […]