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 […]
Frauds & Scandals
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 […]
SEC Charges Three Sales Agents with Illegally Selling $21 Million in 1 Global Securities to Retail Investors
December 14, 2020/US SEC The Securities and Exchange Commission today announced charges against an additional three individuals for illegally selling securities of 1 Global Capital, LLC in unregistered transactions to retail investors while acting as unregistered brokers. The SEC previously charged 1 Global, its owner, and others with operating a […]
