September 24, 2021/US SEC The Securities and Exchange Commission announced charges against Buttonwood Financial Group, LLC (“Buttonwood”), a Kansas City, Missouri-based registered investment adviser, and Jon Michael McGraw, its president, chief compliance officer, and majority owner, in connection with investing client assets in generally more expensive mutual funds so that […]
Frauds & Scandals
SEC Charges New Yorker for Running Ponzi Scheme Targeting Haitian American Community
September 24, 2021/US SEC The Securities and Exchange Commission yesterday filed charges against Frantz Simeon, of Brooklyn, New York, and an entity he controls, First Black Enterprises, Inc., for operating a Ponzi-like scheme that defrauded predominately Haitian American New Yorkers. According to the SEC’s complaint, filed in the U.S. District […]
SEC Charges World’s Largest Advertising Group with FCPA Violations
September 24, 2021/US SEC The Securities and Exchange Commission today announced that London-based WPP plc, the world’s largest advertising group, has agreed to pay more than $19 million to resolve charges that it violated the anti-bribery, books and records, and internal accounting controls provisions of the Foreign Corrupt Practices Act […]
