8/11/2018/US SEC A federal court in the District of Columbia has barred a Long Island-based individual whom the Securities and Exchange Commission charged with defrauding investors from participating in penny stock offerings for twenty-five years. The SEC charged Eric P. Lesak and his firms, Global Research, LLC (PA) and Global […]
Frauds & Scandals
SEC Charges Husband with Insider Trading Ahead of Announcements by Wife’s Employer
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 […]
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 […]
