Firms admit to wrongdoing and agree to pay penalties totaling more than $1.1 billion September 27, 2022/US SEC The Securities and Exchange Commission today announced charges against 15 broker-dealers and one affiliated investment adviser for widespread and longstanding failures by the firms and their employees to maintain and preserve electronic […]
Frauds & Scandals
SEC Settles Insider Trading Charges Against Former Investment Banking Analyst and Associate of Former Nfl Player
September 27, 2022/US SEC On August 30, 2022, the United States District Court for the Eastern District of Pennsylvania entered final judgments against Damilare Sonoiki, a former investment banking analyst, and Mark Wayne Ramsey, who was a friend, roommate, and business partner of former professional football player Mychal Kendricks. According […]
SEC Charges Oracle a Second Time for Violations of the Foreign Corrupt Practices Act
Company to Pay $23 Million to Settle Charges September 27, 2022/US SEC The Securities and Exchange Commission announced settled charges requiring Oracle Corporation to pay more than $23 million to resolve charges that it violated provisions of the Foreign Corrupt Practices Act (FCPA) when subsidiaries in Turkey, the United Arab […]
