19/10/2018/US SEC On October 16, 2018, a judge in federal court in Boston, Massachusetts, sentenced Ross McLellan, a former State Street Corp. executive, to 18 months in prison for his role in a scheme to defraud customers of State Street’s Transition Management line of business. McLellan was found guilty of […]
Frauds & Scandals
ALERT: SEC Says Online Retail Forex Trading Unregulated
October 19, 2018/SEC The attention of the Securities and Exchange Commission (SEC) has been drawn to the increased advertisements in electronic and other media soliciting investors to engage in leveraged online retail forex trading. The public is hereby advised that online retail forex trading is currently unregulated and consequently may […]
SEC Obtains Final Judgment Against Founder of Medical Marijuana Company
October 18, 201/US SEC On October 12, 2018, a federal district court in Maine entered a final judgment against the founder of a Maine-based medical marijuana company and twenty affiliated entities related to his solicitation of investors on Craigslist. On August 17, 2018, the SEC filed a complaint in the […]
