September 15, 2023/US SEC The Securities and Exchange Commission today announced that it updated its list of unregistered entities that use misleading information to solicit primarily non-U.S. investors, adding 29 soliciting entities, three impersonators of genuine firms, and one bogus regulator. The SEC’s list of soliciting entities that have been […]
Frauds & Scandals
SEC Charges Connecticut Advisory Firm GlennCap and its Owner with Cherry-Picking
September 14, 2023/US SEC The Securities and Exchange Commission today announced settled fraud charges against GlennCap LLC, a Connecticut-based investment advisory firm, and its owner, Jonathan Vincent Glenn, for allocating profitable securities trades to favored accounts, including GlennCap’s own accounts and client accounts that paid GlennCap a higher percentage of […]
SEC Charges Creator of Stoner Cats Web Series for Unregistered Offering of NFTs
September 13, 2023/US SEC The Securities and Exchange Commission today charged Stoner Cats 2 LLC (SC2) with conducting an unregistered offering of crypto asset securities in the form of purported non-fungible tokens (NFTs) that raised approximately $8 million from investors to finance an animated web series called Stoner Cats. According […]
