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 […]
Frauds & Scandals
Eleven Firms to Pay More Than $88 Million Combined to Settle SEC’s Charges for Widespread Recordkeeping Failures
One additional firm will not pay a penalty because it self-reported, self-policed, and demonstrated substantial efforts at compliance September 24, 2024/US SEC The Securities and Exchange Commission today announced charges against 12 firms, comprising broker-dealers, investment advisers, and one dually-registered broker-dealer and investment adviser, for widespread and longstanding failures by […]
SEC Reaches Settlement with Fifth Individual Charged In Insider Trading Scheme
September 19, 2024/US SEC The Securities and Exchange Commission today announced settled charges against Philip Markin, the fifth individual charged in connection with an insider trading scheme to trade ahead of a pharmaceutical company tender offer. According to the SEC’s complaint, filed on September 10, 2024, Philip Markin made approximately […]
