July 9, 2021/US SEC The Securities and Exchange Commission today charged three individuals with insider trading in advance of an announcement by Long Blockchain Company (formerly known as Long Island Iced Tea Co.) that it was going to “pivot” from its existing beverage business to blockchain technology, which caused the company’s […]
Frauds & Scandals
SEC Charges Company and Two Executives for Misleading Covid-19 Disclosures
July 7, 2021/US SEC The Securities and Exchange Commission today announced charges against Parallax Health Sciences, Inc. for making misleading statements about its efforts to fight COVID-19. The SEC also charged Parallax’s Chief Executive Officer, Paul Arena, and its Chief Technology Officer, Nathaniel Bradley, for their roles in the statements. […]
SEC Charges Hedge Fund Trader in Lucrative Front-Running Scheme
July 2, 2021/US SEC The Securities and Exchange Commission today announced fraud charges against Sean Wygovsky, a trader at a major Canada-based asset management firm, in connection with a long-running and lucrative front-running scheme that Wygovsky perpetrated in the accounts of his close family members, netting more than $3.6 million […]
