June 29, 2022/US SEC The Securities and Exchange Commission today charged two Israeli citizens with defrauding investors in a scheme that involved posing as a nationally-recognized financial educator to induce investors in Latinx and Spanish-speaking communities to sell securities and use the proceeds to purchase fixed indexed annuities from them. […]
Frauds & Scandals
SEC Charges New Jersey Man with Insider Trading
June 29, 2022/US SEC The Securities and Exchange Commission today filed insider trading charges against New Jersey resident Daniel J. Moscatiello for illegally trading in advance of the September 10, 2020 public announcement that Baring Private Equity Asia had agreed to acquire Virtusa Corporation in an all-cash transaction. To settle […]
UBS to Pay $25 Million to Settle SEC Fraud Charges Involving Complex Options Trading Strategy
June 29, 2022/US SEC The Securities and Exchange Commission today announced that UBS Financial Services Inc. has agreed to pay approximately $25 million to settle fraud charges relating to a complex investment strategy referred to as YES, or Yield Enhancement Strategy. According to the SEC’s order, UBS marketed and sold […]
