September 22, 2022/US SEC The Securities and Exchange Commission charged Michael Weiss with insider trading in the stock of four Ernst & Young LLP (“EY”) clients or prospective clients (“EY Client Companies”) made while he was employed as an EY Business Development Director. The SEC’s complaint, filed in federal court […]
Frauds & Scandals
SEC Charges Former Business News Commentator with Misappropriating Client and Investor Funds
September 22, 2022/US SEC The Securities and Exchange Commission today announced the filing of a civil injunctive action against James Arthur McDonald, Jr. and his SEC-registered investment adviser firm, Hercules Investments, LLC in connection with two fraudulent securities offerings. The SEC alleges that McDonald, a former guest commentator on CNBC, […]
SEC Charges Cheetah Mobile’s CEO and its Former President with Insider Trading
Executives Sold Securities through a Purported 10b5-1 Trading Plan September 21, 2022/US SEC The Securities and Exchange Commission today charged the CEO of Cheetah Mobile Inc. and the company’s former President with insider trading for selling Cheetah Mobile’s securities, pursuant to a purported 10b5-1 trading plan, while in possession of […]
