July 12, 2023/US SEC The Securities and Exchange Commission today announced an award of more than $9 million to a whistleblower whose significant and detailed information and assistance led to a successful SEC enforcement action. After repeatedly internally reporting the concerns, the whistleblower alerted SEC’s Enforcement Division to the conduct, […]
Frauds & Scandals
SEC Charges RSE Markets Inc. for Operating an Unregistered Securities Exchange
July 12, 2023/US SEC The Securities and Exchange Commission today announced settled charges against RSE Markets Inc. for operating as an unregistered exchange by maintaining and providing a marketplace and facilities that brought together purchasers and sellers of securities, specifically equity interests in “collectible assets” such as valuable cars and […]
SEC Charges Additional Frank Executive with Fraud in Connection with $175 Million Sale of Student Loan Assistance Company
July 12, 2023/US SEC On July 12, 2023, the Securities and Exchange Commission charged Olivier Amar, the former Chief Growth Officer of Frank, with fraud in connection with the $175 million sale of the company to JPMorgan Chase Bank, N.A., (JPMC) in 2021. The SEC previously charged Charlie Javice, the […]
