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 […]
Frauds & Scandals
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 […]
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 […]
