September 29, 2022/US SEC The Securities and Exchange Commission today charged Barclays PLC and Barclays Bank PLC (BBPLC) in connection with the unregistered offer and sale of an unprecedented amount of securities due to a failure to implement any internal control to track such transactions in real time. Both firms […]
Frauds & Scandals
SEC Obtains Final Judgment against IIG Co-Founder for Engaging in Fraud
September 28, 2022/US SEC On September 22, 2022, the U.S. District Court for the Southern District of New York entered a final consent judgment against David Hu, the co-founder and chief investment officer of International Investment Group (IIG), a formerly registered investment adviser, enjoining Hu from violating the antifraud provisions […]
SEC Charges Former Florida Investment Adviser with Misappropriating Millions from Advisory Clients and Former Alabama Adviser with Breaching Fiduciary Duties
September 28, 2022/US SEC The Securities and Exchange Commission today charged Jared Eakes, who is believed to reside in Jacksonville, Florida, with misappropriating over $2 million from his clients at GraySail Advisors, LLC (“GraySail”), a now defunct Florida-based investment adviser created and controlled by Eakes. The SEC also charged James […]
