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 […]
Frauds & Scandals
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 […]
SEC Charges Canadian Cannabis Company and Former Senior Executive with Accounting Fraud
October 24, 2022/US SEC The Securities and Exchange Commission today charged Cronos Group Inc., a Nasdaq-listed cannabis company based in Toronto, for improperly accounting for millions of dollars of revenue and for other accounting misconduct in multiple reporting periods. The SEC also charged Cronos’s former Chief Commercial Officer, William Hilson, […]
