June 15, 2021/US SEC The Securities and Exchange Commission announced charges against a California-based individual, Robert Joseph Armijo, and a company he controlled and operated, for various registration violations in connection with their unlawful sales of securities of real estate funds to retail investors. According to the SEC’s complaint, between […]
Frauds & Scandals
SEC Charges Issuer With Cybersecurity Disclosure Controls Failures
June 15, 2021/US SEC The Securities and Exchange Commission today announced settled charges against real estate settlement services company First American Financial Corporation for disclosure controls and procedures violations related to a cybersecurity vulnerability that exposed sensitive customer information. According to the SEC’s order, on the morning of May 24, […]
SEC Awards Approximately $3 Million to Two Whistleblowers
June 14, 2021/US SEC The Securities and Exchange Commission today announced an aggregate award of approximately $3 million to two whistleblowers whose information and assistance led to a successful SEC enforcement action. The whistleblowers separately and independently provided SEC staff with valuable information and ongoing assistance, which included participating in […]
