Exelon to pay $46 million penalty to settle; SEC files suit against former CEO in District Court September 29, 2023/US SEC The Securities and Exchange Commission today charged Exelon Corporation, electric utility company Commonwealth Edison Company (ComEd), which is Exelon’s subsidiary, and former ComEd CEO Anne Pramaggiore with fraud in […]
Frauds & Scandals
SEC Charges Electric Vehicle Co. for Misleading Revenue Projections Ahead of SPAC Merger
September 29, 2023/US SEC The Securities and Exchange Commission today charged Denver-based Spruce Power Holding Corporation, the successor to XL Fleet Corp., for misleading investors about revenue projections that topped $1 billion within three years of going public. XL Fleet, which provided hybrid electric vehicle systems for commercial fleet vehicles, […]
SEC Charges Three Southern California Siblings with Insider Trading
September 28, 2023/US SEC The Securities and Exchange Commission today filed charges against siblings Marco A. Perez (aka Marc), Pedro Perez, Jr. (aka Peter), and Olivia P. Durbin for insider trading before the April 2021 announcement of an offer by storage company United Rentals Inc. to acquire General Finance Corp. […]
