December 21, 2021/US SEC The Securities and Exchange Commission today announced charges against a California-based individual, John Marques, and a company he controlled and operated, for various registration violations in connection with their unlawful sales of securities of real estate funds to retail investors. According to the SEC’s complaint, between […]
Frauds & Scandals
Nikola Corporation to Pay $125 Million to Resolve Fraud Charges
Company Also Agrees to Continue Cooperating with the SEC December 21, 2021/US SEC The Securities and Exchange Commission today announced that Nikola Corporation, a publicly traded company created through a special purpose acquisition company transaction, has agreed to pay $125 million to settle charges that it defrauded investors by misleading […]
SEC Charges Private Equity Fund Adviser with Fee and Expense Disclosure Failures
December 20, 2021/US SEC The Securities and Exchange Commission today charged registered investment adviser Global Infrastructure Management, LLC for failing to properly offset management fees and for making misleading statements about the fees and expenses it charged. Global agreed to pay a $4.5 million penalty to settle the SEC charges […]
