October 31, 2023/US SEC The Securities and Exchange Commission today announced fraud charges against Eduardo Hernandez, Christopher Flagg, Daquan Lloyd, and Corey Ortiz, all currently or formerly of Long Island, New York, for perpetrating a multi-year “free-riding” scheme that generated more than $2 million in illicit profits. The SEC alleges […]
Frauds & Scandals
SEC Charges SolarWinds and Chief Information Security Officer with Fraud, Internal Control Failures
Complaint alleges software company misled investors about its cybersecurity practices and known risks October 30, 2023/US SEC The Securities and Exchange Commission today announced charges against Austin, Texas-based software company SolarWinds Corporation and its chief information security officer, Timothy G. Brown, for fraud and internal control failures relating to allegedly […]
SEC Charges BlackRock with Failing to Properly Disclose Investments by Publicly Traded Fund it Advised
October 24, 2023/US SEC The Securities and Exchange Commission today charged BlackRock Advisors, LLC, an investment adviser, for failing to accurately describe investments in the entertainment industry that comprised a significant portion of a publicly traded fund it advised. To settle the charges, BlackRock agreed to pay a $2.5 million […]
