February 21, 2020/US SEC The Securities and Exchange Commission today charged California-based Wells Fargo & Co. for misleading investors about the success of its core business strategy at a time when it was opening fake accounts for unknowing customers and selling unnecessary products that went unused. Wells Fargo has agreed to […]
Frauds & Scandals
SEC Obtains Final Judgment Against Former Research Analyst Who Tipped Hedge Fund Portfolio Manager
February 21, 2020/US SEC On February 18, 2020, a federal district court in New York entered a final consent judgment against Sandeep Aggarwal, a former research analyst at a registered broker dealer and investment research firm. The SEC previously charged Aggarwal with insider trading for tipping Richard Lee, a portfolio […]
SEC Charges Former Legal Department Employee and His Father with Insider Trading
February 21, 2020/US SEC The Securities and Exchange Commission filed insider trading charges on February 14, 2020 against a former employee in the legal department of a wholly-owned subsidiary of American International Group, Inc., who used confidential information about an impending acquisition to unlawfully trade securities and to tip his […]
