December 18, 2020/US SEC The Securities and Exchange Commission today announced charges against Barton S. Ross for his role in a market manipulation scheme in which he and several other individuals created false rumors about public companies in order to profitably trade around the temporary price increases caused by the […]
Frauds & Scandals
SEC Charges Robinhood Financial With Misleading Customers About Revenue Sources and Failing to Satisfy Duty of Best Execution
December 17, 2020/US SEC The Securities and Exchange Commission today charged Robinhood Financial LLC for repeated misstatements that failed to disclose the firm’s receipt of payments from trading firms for routing customer orders to them, and with failing to satisfy its duty to seek the best reasonably available terms to […]
SEC Obtains Default Judgment Against Swiss Resident in Insider Trading Case
December 15, 2020/US SEC On December 2, 2020, the U.S. District Court for the Southern District of New York entered a default judgment against Roland M. Mathys for insider trading in the securities of Bioverativ, Inc. The SEC’s complaint against Mathys, filed on June 13, 2019, alleged that Mathys received […]
