August 26, 2020/US SEC The Securities and Exchange Commission today announced that it has filed an emergency action against Florida-based investment adviser Coral Gables Asset Management LLC and its sole owner, David C. Coggins, in connection with an alleged fraudulent offering. On Aug. 20, 2020, U.S. District Court Judge Kathleen M. Williams […]
Frauds & Scandals
SEC Charges Super Micro and Former CFO in Connection with Widespread Accounting Violations
August 25, 2020/US SEC The Securities and Exchange Commission today charged Super Micro Computer, Inc., a producer of computer servers, and its former CFO, Howard Hideshima, with prematurely recognizing revenue and understating expenses over a period of at least three years. According to the SEC’s orders, Super Micro executives, including […]
SEC Obtains Partial Judgments Against Three Defendants in Unauthorized Trading Scheme
July 25, 2020/US SEC On July 22, 2020, the Securities and Exchange Commission obtained partial consent judgments against defendants Joshua Turney, Hector Perez, and Barbara Desiderio in an ongoing civil action in which the SEC alleges that the defendants conducted a fraudulent unauthorized trading scheme through retail customer accounts at […]
