8/11/2018/US SEC The Securities and Exchange Commission today charged James E. Hengen with insider trading based on material, nonpublic information that he misappropriated from his wife, a human resources executive at a healthcare company who worked on corporate acquisitions. The SEC alleges that Hengen, whose wife worked for a subsidiary […]
Frauds & Scandals
Stock Research Firm and Co-Founders Charged With Deceiving Investors in Supposedly Unbiased Reports
8/11/2018/US SEC The Securities and Exchange Commission today charged a stock research firm and its co-founders with defrauding investors by issuing reports purportedly based on “unbiased” and “not paid for” research when in reality they received thousands of dollars from issuers as a condition to providing each report. According to […]
SEC Charges EtherDelta Founder with Operating an Unregistered Exchange
8/11/2018/US SEC The Securities and Exchange Commission today announced settled charges against Zachary Coburn, the founder of EtherDelta, a digital “token” trading platform. This is the SEC’s first enforcement action based on findings that such a platform operated as an unregistered national securities exchange. According to the SEC’s order, EtherDelta is an online platform […]
