September 26, 2024/US SEC The Securities and Exchange Commission today charged DraftKings Inc. with selectively disclosing material, nonpublic information to investors who followed or otherwise viewed the company CEO’s social media accounts without disclosing that same information to all investors, in violation of Regulation Fair Disclosure (FD). DraftKings agreed to […]
Frauds & Scandals
S EC Charges Merrill Lynch and Harvest Volatility Management for Ignoring Client Instructions
SEC penalizes firms, recovers more than $6 million of excess fees tied to options trading strategy September 25, 2024/US SEC The Securities and Exchange Commission today announced charges against Harvest Volatility Management LLC and Merrill Lynch, Pierce, Fenner & Smith Inc. for exceeding clients’ designated investment limits over a two-year […]
SEC Charges Crypto Companies TrustToken and TrueCoin With Defrauding Investors Regarding Stablecoin Investment Program
Companies also charged with unregistered offer and sale of securities September 24, 2024/US SEC The Securities and Exchange Commission today announced settled charges against TrueCoin LLC and TrustToken Inc. for their fraudulent and unregistered sales of investment contracts involving TrueUSD (TUSD), a purported stablecoin. According to the SEC’s complaint, filed […]
