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 […]
Frauds & Scandals
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., […]
SEC Charges Allianz Global Investors and Three Former Senior Portfolio Managers with Multibillion Dollar Securities Fraud
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 […]
