July 19, 2022/US SEC The Securities and Exchange Commission today announced an award of more than $17 million to a whistleblower who provided information and assistance in a covered action and related action. The whistleblower’s information prompted SEC staff to open a new investigation that led to the successful covered […]
Frauds & Scandals
Equitable Financial To Pay $50 Million Penalty To Settle SEC Charges That It Provided Misleading Account Statements to Investors
Accounts belonged to public school teachers and staff investing for retirement July 18, 2022/US SEC The Securities and Exchange Commission today announced fraud charges against Equitable Financial Life Insurance Company for providing account statements to about 1.4 million variable annuity investors that included materially misleading statements and omissions concerning investor […]
Final Judgment Entered Against Former Microcap Stock Promoter
July 18, 2022/US SEC On June 16, 2022, the United States District Court for the Eastern District of New York entered a final consent judgment against Joshua Tyrell, a former stock promoter located in Hendersonville, Tennessee. The SEC’s complaint, filed on February 23, 2021, alleged that Tyrell entered into a […]
