August 13, 2021/US SEC The Securities and Exchange Commission today charged a former employee of California-based Medivation Inc. with insider trading in advance of Medivation’s announcement that it would be acquired by pharmaceutical giant Pfizer Inc. According to the SEC’s complaint, filed in the U.S. District Court for the Northern […]
Frauds & Scandals
SEC Charges Penny Stock Company, CEO and Others with Multi-Million Dollar Fraud
August 16, 2021/US SEC The Securities and Exchange Commission today announced it charged an issuer, its CEO, and six other entities and individuals with participating in a penny stock fraud scheme. The SEC also charged certain of the participants with operating as unregistered dealers, and obtained emergency relief to halt […]
SEC Charges Pearson plc for Misleading Investors About Cyber Breach
August 16, 2021/US SEC The Securities and Exchange Commission today announced that Pearson plc, a London-based public company that provides educational publishing and other services to schools and universities, agreed to pay $1 million to settle charges that it misled investors about a 2018 cyber intrusion involving the theft of […]
