December 14, 2020/US SEC The Securities and Exchange Commission today announced an award of more than $300,000 to a whistleblower whose high-quality information and continuing assistance significantly contributed to a successful enforcement action. The whistleblower became aware of the potential securities law violations in connection with audit-related responsibilities. Although individuals […]
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 […]
SEC Charges Corporate Controller and His Brother-In-Law with Insider Trading Ahead of Merger Announcement
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, […]
