May 31, 2022/US SEC The Securities and Exchange Commission today charged New York-based SCWorx Corp. and its former Chief Executive Officer and Chairman of the Board, Marc S. Schessel, with making false and misleading statements about SCWorx’s plans to distribute COVID-19 rapid test kits in April 2020. SCWorx has agreed […]
Frauds & Scandals
SEC Charges Investment Adviser and Its Principals with Fraud
May 27, 2022/US SEC The Securities and Exchange Commission announced today that it filed charges against previously registered Rancho Santa Fe, California investment adviser Cornerstone Acquisition & Management Company LLC (“Cornerstone”), its chief executive officer, portfolio manager, and chief compliance officer, Derren Lee Geiger, and its chief financial officer, She […]
SEC Charges TradeZero America and Co-Founder with Deceiving Customers about Meme Stock Trading Halts
May 24, 2022/US SEC The Securities and Exchange Commission today charged broker-dealer TradeZero America Inc., and its co-founder, Daniel Pipitone, with falsely stating to the firm’s customers that they didn’t restrict the customers’ purchases of meme stocks when in fact they did. In late January 2021, many brokers restricted investors’ […]
