August 25, 2021/US SEC The Securities and Exchange Commission announced insider trading charges against three former Netflix, Inc. software engineers and two close associates who generated over $3 million in total profits by trading on confidential information about Netflix’s subscriber growth. According to the SEC’s complaint, Sung Mo “Jay” Jun […]
Frauds & Scandals
SEC Charges Healthcare Services Company and CFO for Failing to Accurately Report Loss Contingencies as part of Continuing EPS Initiative
August 24, 2021/US SEC The Securities and Exchange Commission today announced that Pennsylvania-based Healthcare Services Group, Inc. has agreed to pay $6 million to settle charges that the company engaged in accounting and disclosure violations that enabled the company to report inflated quarterly earnings per share (EPS) that met research […]
SEC Charges San Antonio Investment Adviser with Operating a Fraudulent Scheme and Misappropriating Investor Assets
August 20, 2021/US SEC On August 20, 2021, the Securities and Exchange Commission charged a San Antonio, Texas-based investment adviser with operating a years-long fraudulent scheme that raised approximately $58 million from nearly 300 investors in two investment funds. The SEC’s complaint alleges that Robert J. Mueller and his company […]
