May 23, 2022/US SEC The Securities and Exchange Commission today charged BNY Mellon Investment Adviser, Inc. for misstatements and omissions about Environmental, Social, and Governance (ESG) considerations in making investment decisions for certain mutual funds that it managed. To settle the charges, BNY Mellon Investment Adviser agreed to pay a […]
Frauds & Scandals
Press Release SEC Charges Wells Fargo Advisors With Anti-Money Laundering Related Violations
May 20, 2022/US SEC The Securities and Exchange Commission today announced charges against Wells Fargo Advisors for failing to file at least 34 Suspicious Activity Reports (SARs) in a timely manner between April 2017 and October 2021. Wells Fargo Advisors, the St. Louis-based broker-dealer, has agreed to pay $7 million […]
SEC Obtains Final Judgments Against Defendants in Fraudulent ICO Scheme
May 19, 2022/US SEC The Securities and Exchange Commission announced today that it obtained final judgments on consent against Sohrab “Sam” Sharma, Robert Farkas, and Raymond Trapani. In April 2018, the SEC charged Sharma, Farkas, and Trapani with conducting a fraudulent and unregistered initial coin offering through Centra Tech Inc., […]
