June 26, 2020/US SEC The Securities and Exchange Commission today charged NAC Foundation, its Chief Executive Officer Marcus Andrade, and political lobbyist Jack Abramoff with conducting a fraudulent, unregistered offering of AML BitCoin, a digital asset security the defendants claimed was a new and improved version of bitcoin. The SEC […]
Frauds & Scandals
SEC Charges Novartis AG with FCPA Violations
June 25, 2020/US SEC The Securities and Exchange Commission today announced that Novartis AG, a global pharmaceutical and healthcare company headquartered in Basel, Switzerland, has agreed to pay over $112 million to settle charges that it violated the books and records and internal accounting controls provisions of the Foreign Corrupt […]
SG Americas to Pay $3.1 Million to Settle Charges of Providing Deficient Blue Sheet Data
June 24, 2020/US SEC The Securities and Exchange Commission today announced settled charges against broker-dealer SG Americas Securities LLC for failing to provide complete and accurate securities trading information known as “blue sheet data.” SG Americas agreed to pay a $1.55 million civil penalty to resolve the SEC’s charges and […]
