September 28, 2021/US SEC On September 27, 2021, the Securities and Exchange Commission charged Michael James Ferguson Jr. Foreign Private Trust (Ferguson Trust) and its Chief Executive Officer Noble Mikhail Jabal Mohommet Firdaus El with violating statutory and regulatory obligations that apply to transfer agents-entities that perform shareholder administration functions for […]
Frauds & Scandals
SEC Charges Two Individuals for Wash Trading Scheme Involving Options of “Meme Stocks”
September 27, 2021/US SEC The Securities and Exchange Commission today charged a Florida resident and his friend for engaging in a fraudulent scheme designed to collect liquidity rebates from exchanges by wash trading put options of certain “meme stocks” in early 2021. According to the SEC’s complaint, filed in the […]
SEC Charges U.K.-Based Father and Son, and Two Others in Transatlantic Microcap Fraud Scheme
September 24, 2021/US SEC The Securities and Exchange Commission today filed two complaints in the United States District Court for the Eastern District of New York charging four individuals and five entities for their roles in an allegedly fraudulent microcap scheme that generated more than $10 million in unlawful stock […]
