September 17, 2021/US SEC The Securities and Exchange Commission today announced awards of approximately $11.5 million to two whistleblowers whose information and assistance contributed to the success of an SEC enforcement action. The first whistleblower received an award of nearly $7 million, while the second whistleblower received more than $4.5 […]
Frauds & Scandals
SEC Charges School District and Former Executive with Misleading Investors in Bond Offering
September 16, 2021/US SEC The Securities and Exchange Commission today charged a San Diego County school district, Sweetwater Union High School District, and its former Chief Financial Officer, Karen Michel, with misleading investors who purchased $28 million in municipal bonds. According to the SEC’s complaint against Michel and its order against […]
SEC Charges New York Investment Adviser and Its Owner with Fraud
September 16, 2021/US SEC On December 1, 2020, the Securities and Exchange Commission charged Raquel Moura Borges and her investment advisory firm, Global Access Investment Advisor, LLC, with fraud for misappropriating client assets. According to the SEC’s complaint, from 2013 to 2018, Borges, a Brazilian national, and Global Access, based […]
