April 22, 2019/SEC Fresh facts have emerged on how suspended Director General of Securities and Exchange Commission, SEC, Mounir Gwarzo Awarded contracts to companies owned by him and his wife’s family. These and others were contained in the Report of the Administrative Panel of Inquiry into allegations of violations of […]
Frauds & Scandals
SEC Charges Kimberly Sredich with Misappropriation Scheme
April 19, 2019/US SEC On April 18, 2019, the Securities and Exchange Commission charged Kimberly Sredich, a Michigan resident, with misappropriating funds from brokerage customers of a registered broker-dealer with which she was associated. The SEC’s complaint alleges that between 2014 and 2018, Sredich sold securities in at least […]
Silicon Valley Company Settles Fraud Charge for Misstating Returns to Investors
April 19, 2019/US SEC The Securities and Exchange Commission today announced that Prosper Funding LLC will pay a $3 million penalty for miscalculating and materially overstating annualized net returns to retail and other investors. San Francisco-based Prosper is a marketplace lender that, through its website, offers and sells securities linked […]
