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 […]
Frauds & Scandals
SEC Obtains Final Judgment Against Penny Stock Fraud Recidivist In Cross-Border Penny Stock Fraud Scheme
December 19, 2024/US SEC On December 18, 2024, the Securities and Exchange Commission obtained a final judgment against defendant Petar Dimitrov Mihaylov, a citizen of Bulgaria, for his particular role in a scheme spanning at least 2006 to 2020 that generated more than $145 million of illegal sales of stock […]
SEC Charges Former BioPharma Exec with Insider Trading
December 19, 2024/US SEC The Securities and Exchange Commission today announced the filing of a settled insider trading case against Curt L. Dewitz of Inlet Beach, Florida. Dewitz is a former executive of a biopharmaceutical company. The Commission’s action alleges that he traded in the securities of two related public […]
