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 […]
Frauds & Scandals
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 […]
SEC Charges Individual for Self-Minting Scam and Unregistered ICO
December 9, 2020/US SEC The Securities and Exchange Commission today charged Amir Bruno Elmaani, who goes by the online alias Bruno Block, for conducting an illegal securities offering of digital tokens and for his scheme to profit by minting millions of unauthorized tokens for himself at no cost and selling […]
