September 16, 2019/US SEC The Securities and Exchange Commission today announced that Marvell Technology Group, Ltd. will pay $5.5 million to settle charges that it misled investors when it engaged in an undisclosed revenue management scheme in order to meet publicly-issued revenue guidance. According to the SEC’s order, Marvell orchestrated […]
Frauds & Scandals
SEC Charges Prudential Subsidiaries For Misleading Funds They Advised, Generating Tens of Millions in Tax Benefits for Prudential
September 16, 2019/US SEC The Securities and Exchange Commission today charged two subsidiaries of Prudential Financial Inc. with failing to disclose conflicts of interest and making misleading disclosures to the boards for 94 funds they advised. According to the SEC’s order, Prudential subsidiaries AST Investment Services Inc. and PGIM Investments LLC (PI) […]
Two Broker-Dealers to Pay $4.65 Million in Penalties for Providing Deficient Blue Sheet Data
September 16, 2019/US SEC The Securities and Exchange Commission today announced that Stifel, Nicolaus & Co., Inc. has agreed to pay $2.7 million and BMO Capital Markets Corp. has agreed to pay $1.95 million to settle charges for providing incomplete and inaccurate securities trading information to the SEC. Broker-dealers are required to […]
