March 16, 2022/US SEC The Securities and Exchange Commission today charged Crosby Independent School District (Crosby ISD) and its former Chief Financial Officer, Carla Merka, with misleading investors in the sale of $20 million of municipal bonds in order to pay its outstanding construction liabilities and fund new capital projects. […]
Frauds & Scandals
SEC Charges Call Center Operators in $58 Million Penny Stock Scheme
March 16, 2022/US SEC The Securities and Exchange Commission today announced fraud charges against five individuals for allegedly operating a call center in Medellin, Colombia, which used high pressure sales tactics and made false and misleading statements to retail investors to convince them to buy the stocks of small companies […]
SEC Charges Former Financial Adviser Representative with Misappropriating Investor Funds
March 16, 2022/US SEC The U.S. Securities and Exchange Commission yesterday charged a former New Jersey broker and investment adviser representative with misappropriating at least $680,000 from his advisory clients and brokerage customers, some of whom were elderly or suffering from memory loss. The SEC’s complaint alleges that, between at […]
