July 29, 2021/US SEC The Securities and Exchange Commission announced the filing of a litigated civil action against Lupo Securities, LLC (Lupo), for violating the so-called “short tender rule” and enriching itself at the expense of other participants in a partial tender offer. According to the SEC’s complaint, as part […]
Frauds & Scandals
SEC Charges Founder of Nikola Corp. With Fraud
July 29, 2021/US SEC The Securities and Exchange Commission today announced charges against Trevor R. Milton, the founder, former CEO and former executive chairman of Nikola Corporation, for repeatedly disseminating false and misleading information – typically by speaking directly to investors through social media – about Nikola’s products and technological […]
Investment Adviser Charged by SEC Sentenced to More Than Five Years in Prison in Parallel Criminal Case
July 28, 2021/US SEC On July 21, 2021, George Heckler, whom the SEC charged in March 2021 with operating a decade-long investment adviser fraud, was sentenced in a parallel criminal case to 63 months in prison. The criminal charges against Heckler, in part, stem from the same misconduct alleged in […]
