November 15, 2018/US SEC A federal court has prohibited the former Town Supervisor of the Town of Ramapo, N.Y. from participating in offerings of municipal securities and ordered him to pay $327,000 in civil penalties in a fraud action brought by the Securities and Exchange Commission. In April 2016, the […]
Frauds & Scandals
SEC Settles Insider Trading Claims Against Former Chairman and CEO of Advanced Medical Optics, Inc
November 15, 2018/US SEC The Securities and Exchange Commission today announced that it has agreed to resolve its insider trading claims against James V. Mazzo, the former Chairman and Chief Executive Officer of Advanced Medical Optics, Inc. (“AMO”) for allegedly tipping information about his company’s acquisition to his close personal […]
Defendant in SEC Enforcement Action Pleads Guilty to Investment Adviser Fraud and Lying to the SEC
November 15, 2018/US SEC On November 9, 2018, Richard G. Cody, a former investment adviser and broker representative whom the Securities and Exchange Commission charged with defrauding Massachusetts retirees, pled guilty to criminal charges filed by the U.S. Attorney for the District of Massachusetts. The SEC previously charged Cody on […]
