August 30, 2021/US SEC The Securities and Exchange Commission today sanctioned eight firms in three actions for failures in their cybersecurity policies and procedures that resulted in email account takeovers exposing the personal information of thousands of customers and clients at each firm. The eight firms, which have agreed to […]
Frauds & Scandals
SEC Charges Mississippi Company and Its Principal in Multi-Million Dollar Ponzi Scheme
August 27, 2021/US SEC The Securities and Exchange Commission today announced charges against Canton, Mississippi resident William B. McHenry, Jr. and his company First South Investments, LLC, for unlawfully selling unregistered securities in connection with the previously charged Madison Timber Properties, LLC Ponzi scheme. The SEC’s complaint, filed in federal […]
SEC Obtains Judgment Against California Trader Charged with Posting False Stock Tweets
August 27, 2021/US SEC The Securities and Exchange Commission obtained a judgment against an Irvine, California man who posted false statements over Twitter and another social media site while purchasing and selling securities. According to the SEC’s complaint, filed March 2, 2021, Andrew L. Fassari used the Twitter pseudonym @OCMillionaire […]
