March 5, 2020/US SEC The Securities and Exchange Commission today announced charges against Brook Church-Koegel, David H. Goldman, and Nicole J. Walker, three California-based internal sales agents for Woodbridge Group of Companies LLC, for illegally selling Woodbridge securities in unregistered transactions to retail investors in numerous states while acting as […]
Frauds & Scandals
SEC Requests Comment on Fund Names Rule; Seeks to Eliminate Misleading Fund Names
March 2, 2020/US SEC The Securities and Exchange Commission requests public comment on its current requirements that restrict the use of potentially misleading fund names. Fund names are often the first piece of information investors see and they can have a significant impact on an investment decision. The request seeks […]
SEC Obtains Judgment Against Companies Running Ponzi Scheme
March 2, 2020/US SEC On February 25, 2020, the U.S. District Court for the Southern District of Florida entered a final judgment against Palm Financial Management, LLC and Shore Management Systems, LLC. The SEC previously charged these defendants for their role in an alleged Ponzi scheme that defrauded at least […]
