July 20, 2021/US SEC The Securities and Exchange Commission announced that it has filed an emergency action and obtained a temporary restraining order and asset freeze to halt an alleged ongoing offering fraud by Las Vegas-based Profit Connect Wealth Services, Inc., Las Vegas resident Joy I. Kovar and her son, […]
Frauds & Scandals
Press Release SEC Files Charges in Multi-Million Dollar Fraud Involving Two Companies
July 19, 2021/US SEC The Securities and Exchange Commission today announced charges against Aron Govil of Jacksonville, Florida, for defrauding investors in two companies he controlled, Cemtrex Inc. and Telidyne Inc. According to the SEC’s complaint, filed today in U.S. District Court for the Southern District of New York, […]
UBS Settles Charges Related to Investments in Complex Exchange-Traded Product
More Than $8 Million Returning to Harmed Investors as Part of Ongoing Risk-Based Initiative July 19, 2021/US SEC The Securities and Exchange Commission today filed a settled action against UBS Financial Services Inc. for compliance failures relating to sales of a volatility linked exchange-traded product (ETP). This is the sixth […]
