December 11, 2018/US SEC The Securities and Exchange Commission today announced that three broker-dealers have agreed to pay more than $6 million to settle charges for providing the SEC with incomplete and inaccurate securities trading information in required SEC productions known as “blue sheet data,” which the SEC uses to […]
Frauds & Scandals
SEC Charges Agria Corporation and Executive Chairman With Fraud
December 11, 2018/US SEC A multinational agricultural company has agreed to pay $3 million to settle charges that it concealed substantial losses from investors through fraudulent accounting in connection with its divestiture of its primary operating entity. In a related action, the company’s executive chairman Lai Guanglin (aka Alan Lai) settled […]
SEC Files Subpoena Enforcement in Possible Market Manipulation Scheme
December 7, 2018/US SEC The Securities and Exchange Commission filed a subpoena enforcement action against NVC Fund LLC and its principal, Frank Ekejija, seeking an order directing them to comply with an investigative subpoena for documents and testimony. According to the SEC’s application, filed on November 30, 2018 in U.S. […]
