October 31, 2022/US SEC The Securities and Exchange Commission today announced an award of more than $10 million to a whistleblower who provided information and assistance that significantly contributed to a successful SEC enforcement action. The whistleblower provided important documents and met twice with Enforcement staff. The charges in the […]
Frauds & Scandals
SEC Charges Incarcerated Felon and Five Friends in $2 Million Fraud Scheme
October 31, 2022/US SEC The Securities and Exchange Commission today charged six individuals, including a federal inmate, for conducting a freeriding scheme that defrauded multiple broker-dealers. The SEC’s complaint alleges that from May 2019 to early January 2021, Syed Arham Arbab, 25, and five others made more than $2 million […]
SEC Obtains Final Judgment Against Perpetrator of Boiler Room Scheme
October 27, 2022/US SEC On October 7, 2022, the United States District Court for the Eastern District of New York entered a final consent judgment against Mark Alan Lisser. The final judgement permanently enjoins Lisser from violating the antifraud provisions of the federal securities. According to the SEC’s complaint, filed […]
