October 31, 2024/US SEC Yesterday, the Securities and Exchange Commission (“SEC”) charged Pannon Investment Advisors LLC and its Chief Executive Officer, Dusan Varga, alleging they fraudulently raised approximately $1.6 million from at least 20 investors through an unregistered securities offering. Most of the investors are members of the Serbian-American community, […]
Frauds & Scandals
SEC Charges Philadelphia-Area Resident with Insider Trading
October 31, 2024/US SEC The Securities and Exchange Commission today charged Willow Grove, Pennsylvania resident Carlos Sacanell with insider trading ahead of an announcement that CVS Health Corporation, Inc. had agreed to acquire Oak Street Health, Inc. According to the SEC’s complaint, Sacanell was in a long-term relationship with a […]
JP Morgan Affiliates to Pay $151 Million to Resolve SEC Enforcement Actions
October 31, 2024/US SEC The Securities and Exchange Commission today charged J.P. Morgan Securities LLC (JPMS) and J.P. Morgan Investment Management Inc. (JPMIM) – both affiliates of JPMorgan Chase & Co. (JP Morgan) – in five separate enforcement actions for failures including misleading disclosures to investors, breach of fiduciary duty, […]