Allianz Global Investors Agrees to Pay More Than $1 Billion to Resolve SEC Charges May 17, 2022/US SEC The Securities and Exchange Commission (SEC) today charged Allianz Global Investors U.S. LLC (AGI US) and three former senior portfolio managers with a massive fraudulent scheme that concealed the immense downside risks […]
Frauds & Scandals
SEC Obtains Emergency Relief to Halt Pre-IPO Stock Fraud Scheme by Unregistered Broker-Dealer
Defendants, including persons barred from the brokerage industry, allegedly sold shares they didn’t own, and pocketed more than $75 million May 16, 2022/US SEC The Securities and Exchange Commission today announced that it obtained asset freezes and other emergency relief against StraightPath Venture Partners LLC, StraightPath Management LLC, Brian K. […]
Defendant in SEC Enforcement Action Sentenced to More Than Nine Years in Prison
May 11, 2022/US SEC On May 4, 2022, Brenda Smith, a Pennsylvania investment adviser charged by the Securities and Exchange Commission with defrauding investors and who previously pled guilty to securities fraud, was sentenced to 109 months in prison and ordered to pay $47.2 million in restitution in a parallel […]
