December 18, 2019/US SEC The Securities and Exchange Commission today announced insider trading charges against five friends who repeatedly traded on confidential earnings information about a Silicon Valley cloud-computing company, reaping millions of dollars in trading profits. According to the SEC’s complaint, Janardhan Nellore, a former IT administrator then at […]
Frauds & Scandals
SEC Charges Broker-Dealers With Illicitly Profiting in Partial Tender Offer
December 18, 2019/US SEC The Securities and Exchange Commission today announced settled charges against two registered broker-dealers, Bluefin Trading LLC and Critical Trading LLC, for violating the so-called “short tender rule” and enriching themselves at the expense of other participants in a partial tender offer. According to the SEC’s orders, […]
MetLife to Pay $10 Million for Longstanding Internal Control Failures
December 18, 2019/US SEC The Securities and Exchange Commission today charged MetLife, Inc. with violating the books and records and internal accounting controls provisions of the federal securities laws relating to two errors in its accounting for reserves associated with its annuities businesses. MetLife has agreed to pay $10 million […]
