May 17, 2021/US SEC The Securities and Exchange Commission today announced settled charges against S&P Dow Jones Indices LLC for failures relating to a previously undisclosed quality control feature of one of its volatility-related indices, which led S&P DJI to publish and disseminate stale index values during a period of […]
Frauds & Scandals
Fraudster Sentenced to More Than 13 Years in Parallel Criminal Case
May 13, 2021/US SEC DaRayl D. Davis, charged by the SEC in December 2017 with raising millions of dollars from investors by selling them fictitious financial products, has been sentenced in a parallel criminal case to 160 months in prison and ordered to pay restitution of more than $7.1 million. […]
SEC Charges Texas Investment Adviser and Three Individuals with Defrauding Advisory Clients and Retail Investors
May 13, 2021/US SEC On May 13, 2021, the Securities and Exchange Commission charged Katy, Texas-based investment adviser Knight Nguyen Investments and three individuals with scheming to invest funds from advisory clients and retail investors in at least five fraudulent securities offerings. The SEC alleges that Knight Nguyen majority owner […]
