May 9, 2019/US SEC The Securities and Exchange Commission today filed insider trading charges against two internal auditors who repeatedly traded and tipped on confidential information that they obtained through their respective employers. The SEC’s complaint, filed in the U.S. District Court for the Western District of Tennessee, alleges that […]
Frauds & Scandals
SEC Charges Nevada Man Who Traded on Confidential Information Taken From Lifelong Friend
May 7, 2019/US SEC The Securities and Exchange Commission today announced settled insider trading charges against a Nevada man who obtained confidential information about a pending corporate merger from a lifelong friend and used it to generate more than $250,000 in illicit trading profits. According to the SEC’s complaint, while […]
SEC Obtains Final Judgment Against Former Broker for Defrauding Customers
May 6, 2019/US SEC On May 3, 2019, a federal district court entered a final consent judgment against a broker who was charged with defrauding customers by making unsuitable and unauthorized trades and churning customers’ accounts, which enriched the broker at the customers’ expense. The SEC’s complaint, filed in the […]
