February 11, 2022/US SEC The Securities and Exchange Commission announced that on February 8, 2022, Chief Judge Dana M. Sabraw of the United States District Court for the Southern District of California granted the SEC’s motion for summary judgment on the issue of liability against California-based investment adviser Mark J. […]
Frauds & Scandals
SEC Obtains Final Judgment Against Seyed Taher Kameli for Defrauding Eb-5 Investors
February 11, 2022/US SEC On January 24, 2022, the United States District Court for the Northern District of Illinois entered a final judgment against Seyed Taher Kameli, a Chicago-based immigration attorney, for defrauding investors participating in the EB-5 immigrant investor program. According to the SEC’s Second Amended Complaint, filed in […]
SEC Charges Shari’ah-Focused Online Investment Service with Misleading Clients
February 10, 2022/US SEC The Securities and Exchange Commission today charged New York-based robo-adviser Wahed Invest, LLC with making misleading statements and breaching its fiduciary duty, and for compliance failures related to its Shari’ah advisory business. According to the SEC’s order, from September 2018 through July 2019, Wahed Invest advertised […]
