September 18, 2023/US SEC The Securities and Exchange Commission today charged Lyft Inc. for failing to disclose a company board director’s role in a shareholder’s sale of approximately $424 million worth of private shares of Lyft’s stock prior to the company’s initial public offering (IPO). According to the SEC’s order, […]
Frauds & Scandals
SEC Updates List of Firms Using Inaccurate Information to Solicit Investors
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 […]
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 […]
