December 13, 2022/US SEC On December 12, 2022, the Securities and Exchange Commission charged J.H. Darbie & Co., Inc., a New York City-based brokerage firm, with failing to report suspicious activity related to transactions in tens of billions of shares of low-priced securities – or “penny stocks” – that were traded […]
Frauds & Scandals
SEC Awards More Than $20 Million to Whistleblower
December 12, 2022/US SEC The Securities and Exchange Commission today announced an award of more than $20 million to a whistleblower who provided information and assistance that significantly contributed to a successful enforcement action. The whistleblower provided new information, met with Enforcement Division staff multiple times, and remained cooperative throughout […]
SEC Charges CEO and His Venture Capital Firm in $6 Million Fraudulent Offering
December 9, 2022/US SEC The Securities and Exchange Commission charged CEO George Iakovou and his venture capital firm, Vika Ventures LLC, with fraudulently offering and selling more than $6 million of securities to at least 46 individual investors in multiple states including California, Georgia, and New York. The SEC also […]
