June 21, 2022/US SEC The Securities and Exchange Commission today charged Haverford, PA-based Egan-Jones Ratings Company, a nationally recognized statistical rating organization (NRSRO) registered with the Commission in certain ratings classes, with violating conflict of interest provisions. The SEC also charged the company’s founder and chief executive officer, Sean Egan, […]
Frauds & Scandals
SEC Obtains Final Judgment Against Former Pharmacy Chain Employee Charged with Insider Trading
June 21, 2022/US SEC On June 17, 2022, the U.S. District Court for the Middle District of Pennsylvania entered a final consent judgment against now former Rite Aid Corp. employee Steven J. Sheinfeld, who was charged with insider trading based on nonpublic information regarding a potential merger between Walgreens Boots […]
SEC Charges Former Texas City Official for Falsifying City’s Financial Documents
June 16, 2022/US SEC The Securities and Exchange Commission charged former City of Johnson City, Texas chief administrative officer and city secretary, Anthony Michael Holland, with securities fraud for creating and causing to be distributed falsified financial statements and a falsified audit report for the city’s 2016 fiscal year. According […]
