February 11, 2021/US SEC The Securities and Exchange Commission today suspended trading in an inactive company amid questions surrounding online promotion of the company’s securities and recent trading activity. The SEC’s trading suspension order states that since late January 2021, certain social media accounts may be engaged in a coordinated […]
Frauds & Scandals
SEC Granted Injunction Against IIg Co-Founder
February 10, 2021/US SEC On February 1, 2021, Judge Denise L. Cote of the U.S. District Court for the Southern District of New York entered a partial judgment against David Hu, the co-founder and chief investment officer of International Investment Group (IIG), a formerly registered investment adviser, enjoining Hu from […]
SEC Charges Former Minneapolis-Area Investment Adviser with Fraud for Misappropriating Client Funds
February 9, 2021/US SEC The Securities and Exchange Commission charged former Minneapolis-area investment adviser Isaiah L. Goodman for allegedly defrauding his advisory clients out of approximately $2.25 million. According to the SEC’s complaint, from at least September 2018 to November 2020, Goodman, doing business through Becoming Financial Advisory Services, LLC, […]
