Firm also agrees to implement significant improvements to its compliance controls December 17, 2021/US SEC The Securities and Exchange Commission today announced charges against J.P. Morgan Securities LLC (JPMS), a broker-dealer subsidiary of JPMorgan Chase & Co., for widespread and longstanding failures by the firm and its employees to maintain […]
Frauds & Scandals
SEC Charges San Diego-Based Companies and Their Principal with Operating $15 Million Ponzi Scheme
December 15, 2021/US SEC The Securities and Exchange Commission today announced charges against Fusion Hotel Management, LLC, Fusion Hospitality Corporation, and their founder, Denny T. Bhakta of San Diego, California for fraudulently raising at least $15 million from more than 40 retail investors. According to the SEC’s complaint, filed December […]
SEC Charges Three Canadians with Securities Fraud
December 10, 2021/US SEC The Securities and Exchange Commission today announced that it filed an action yesterday afternoon charging three individuals with violations of the federal securities laws for a scheme in which they coordinated the dumping of shares of as many as ten issuers into the market while disguising […]
