June 11, 2020/US SEC On June 2, 2020, the U.S. District Court for the Eastern District of New York entered a final judgment as to monetary relief against the former de facto CEO of Giga Entertainment Media, Inc., Gary S. Nerlinger, whom the SEC previously charged in connection with a […]
Frauds & Scandals
SEC Reaches Settlements with Traders in Newswire Hacking and Trading Scheme
June 10, 2020/US SEC The Securities and Exchange Commission announced today that it has obtained court approval of settlements with eight defendants charged in connection with an international scheme to trade on hacked news releases. In August 2015, the Commission filed a civil action and then an amended complaint in […]
SEC Charges California Trader Engaged in Manipulative Trading Scheme Involving Covid-19 Claims
June 10, 2020/US SEC The Securities and Exchange Commission today charged a penny stock trader in Santa Cruz, California, with conducting a fraudulent pump-and-dump scheme in the stock of a biotechnology company by making hundreds of misleading statements in an online investment forum, including a false assertion that the company […]
