2/11/2018/US SEC On September 27, 2018, the Securities and Exchange Commission charged a group of internet marketers who allegedly created and disseminated elaborate rags-to-riches videos to trick retirees and other retail investors into opening brokerage accounts and trading high-risk securities known as binary options. According to the SEC’s complaints, investors […]
Frauds & Scandals
SEC Charges Investment Adviser With Running $3.9 Million Fraud
2/11/2018/US SEC The Securities and Exchange Commission today charged a former registered representative and investment adviser in Altoona, Pennsylvania, with operating a long-running offering fraud. The SEC’s complaint alleges that Douglas P. Simanski raised over $3.9 million from approximately 27 of his brokerage customers and investment advisory clients, many of […]
SEC Charges Family Friend of Former Investment Banker With Insider Trading
2/11/2018/US SEC The Securities and Exchange Commission today charged an IT professional in Texas who allegedly participated in an insider trading scheme perpetrated by a former Wall Street investment banking analyst. The SEC’s complaint alleges that Hamed Ettu, a family friend of the analyst Damilare Sonoiki, received illegal tips about […]
