May 12, 2021/US SEC The Securities and Exchange Commission today announced settled charges against GWFS Equities Inc. (GWFS), a Colorado-based registered broker-dealer and affiliate of Great-West Life & Annuity Insurance Company, for violating the federal securities laws governing the filing of Suspicious Activity Reports (SARs). GWFS provides services to employer-sponsored […]
Frauds & Scandals
SEC Charges Under Armour Inc. With Disclosure Failures
May 3, 2021/US SEC The Securities and Exchange Commission today charged sports apparel manufacturer Under Armour Inc. with misleading investors as to the bases of its revenue growth and failing to disclose known uncertainties concerning its future revenue prospects. Under Armour has agreed to pay $9 million to settle the […]
SEC Charges Texan with Defrauding Investors in a Purported Wireless Energy Project
May 3, 2021/US SEC The Securities and Exchange Commission today charged a North Texas resident with defrauding more than 50 investors out of more than $17 million dollars in a wireless energy project. The SEC’s complaint alleges that Richard Randall and his recently deceased associate engaged in a fraudulent scheme […]
