December 11, 2020/US SEC The Securities and Exchange Commission today charged the former Corporate Controller of CEB Inc. and his brother-in-law with insider trading in advance of a public announcement about CEB’s acquisition for $2.6 billion. The alleged insider trading scheme generated profits of $296,000. According to the SEC’s complaint, […]
Frauds & Scandals
SEC Charges Sequential Brands Group Inc. with Deceiving Investors by Failing to Timely Impair Goodwill
December 11, 2020/US SEC The Securities and Exchange Commission today charged New York-based brand-management company Sequential Brands Group Inc. with failing to impair its goodwill as required by accounting principles and the federal securities laws. The SEC’s complaint alleges that Sequential failed to properly assess its goodwill for potential impairment after […]
General Electric Agrees to Pay $200 Million Penalty for Disclosure Violations
December 9, 2020/US SEC The Securities and Exchange Commission today announced that General Electric Co. (GE) has agreed to pay a $200 million penalty to settle charges for disclosure failures in its power and insurance businesses. In 2017 and 2018, GE’s stock price fell almost 75% as challenges in its […]
