September 29, 2023/US SEC The Securities and Exchange Commission today announced charges against an Israel-based diagnostic imaging company, Nano-X Imaging Ltd. (“Nanox”), and its former CEO, Ran Poliakine (“Poliakine”), for negligently misrepresenting the cost to manufacture the company’s flagship imaging device, the Nanox.ARC. Nanox and Poliakine have agreed to settle […]
Frauds & Scandals
SEC Charges International Accounting Firm Prager Metis with Hundreds of Auditor Independence Violations
September 29, 2023/US SEC The Securities and Exchange Commission today announced charges against accounting firm Prager Metis CPAs, LLC and its California professional services firm, Prager Metis CPAs LLP, (together, Prager) for violating auditor independence rules and for aiding and abetting their clients’ violations of federal securities laws. According to […]
SEC Charges D. E. Shaw with Violating Whistleblower Protection Rule
September 29, 2023/US SEC The Securities and Exchange Commission today announced settled charges against New York-based registered investment adviser D. E. Shaw & Co., L.P. for raising impediments to whistleblowing by requiring employees to sign agreements prohibiting the disclosure of confidential corporate information to third parties, without an exception for […]