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 […]
Frauds & Scandals
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’ […]
SEC Charges BNY Mellon Investment Adviser for Misstatements and Omissions Concerning ESG Considerations
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 […]
