September 8, 2022/US SEC The Securities and Exchange Commission charged Money Magnet Platinum Membership Initiative LLC (“MMPMI”) and its principal, LaKenya Hopkins, with fraudulently raising funds and misappropriating those funds from investors. The SEC’s complaint alleges that, between late 2020 and early 2021, Hopkins and MMPMI solicited more than 100 […]
Frauds & Scandals
SEC Charges Former Vice President of Medical Device Company with Insider Trading
September 7, 2022/US SEC The Securities and Exchange Commission yesterday filed insider trading charges against a former vice president of an Arizona medical device company for insider trading in advance of the company’s earnings announcements. The SEC’s complaint, filed in the U.S. District Court for the District of New Hampshire, […]
SEC Charges Perceptive Advisors for Failing to Disclose SPAC-Related Conflicts of Interest
September 6, 2022/US SEC The Securities and Exchange Commission today charged New York-based investment adviser Perceptive Advisors LLC with failing to disclose conflicts of interest regarding its personnel’s ownership of sponsors of special purpose acquisition companies (SPACs) into which Perceptive advised its clients to invest. According to the SEC’s order, […]
