December 20, 2024/US SEC The Securities and Exchange Commission today announced it charged Eric Cobb of South Carolina with engaging in a fraudulent scheme where he allocated profitable securities trades to favored accounts and unprofitable trades to disfavored clients, a practice known as cherry-picking, while he was a representative of […]
Frauds & Scandals
SEC Files Settled Charges Against Multiple Entities for Failing to Timely File Forms D in Connection With Securities Offerings
December 20, 2024/US SEC The Securities and Exchange Commission today announced charges against two private companies and one registered investment adviser for failing to timely file Forms D for several unregistered securities offerings in violation of Rule 503 of Regulation D. The parties charged are: GRID 202 LLC, a registered […]
SEC Charges Silver Point Capital With Policy Failures Regarding Receipt of Material Nonpublic Information About Bonds Issued by Puerto Rico
December 20, 2024/US SEC The Securities and Exchange Commission today charged registered investment adviser Silver Point Capital L.P. with failing to establish, implement, and enforce written policies and procedures reasonably designed to prevent the misuse of material nonpublic information (MNPI) relating to its participation on creditors’ committees. According to the […]
