November 22, 2024/US SEC On November 19, 2024, the United States District Court for the Western District of Wisconsin entered a final judgment against Edward S. Walczak, a former mutual fund portfolio manager, for fraudulently misrepresenting to investors how he managed risk in the Catalyst Hedged Futures Strategy Fund. The […]
Frauds & Scandals
UPS to Pay $45 Million Penalty for Improperly Valuing Business Unit
November 22, 2024/US SEC The Securities and Exchange Commission today announced settled charges against United Parcel Service Inc. for materially misrepresenting its earnings because it failed to follow generally accepted accounting principles (GAAP) in valuing one of its worst performing businesses. According to the SEC’s order, UPS determined in […]
SEC Charges Three Broker-Dealers with Filing Deficient Suspicious Activity Reports
Firms receive credit for cooperating with SEC’s investigations November 22, 2024/US SEC The Securities and Exchange Commission today announced that broker-dealers Webull Financial LLC, Lightspeed Financial Services Group LLC, and Paulson Investment Company, LLC have agreed to settle charges that they filed with law enforcement suspicious activity reports (SARs) that […]
