June 30, 2021/US SEC The Securities and Exchange Commission announced that on June 28, 2021, the United States District Court for the Southern District of New York entered a final consent judgment against Ronald Phillips, an attorney and the former president of Royal Energy Resources, Inc., (“Royal Energy”), a company […]
Frauds & Scandals
SEC Charges San Francisco Bay Area Finance Employee and Friend With Insider Trading
June 30, 2021/US SEC The Securities and Exchange Commission today announced settled insider trading charges against Bay Area finance employee Mounir N. Gad and his friend Nathan E. Guido. According to the SEC’s orders against Gad and Guido, Gad worked for a Northern California-based bank in its group that assisted […]
SEC Charges Investment Adviser with Fraudulent Offer and Sale of Unregistered Funds
June 30, 2021/US SEC The Securities and Exchange Commission announced charges against investment adviser John Robert Jones, Jr. in connection with his alleged fraudulent offer and sale of two private unregistered funds he founded and controlled – PED Index Fund, L.P. and PED Index Fund A1, L.P. The SEC’s complaint, […]
