September 19, 2024/US SEC The Securities and Exchange Commission today announced settled charges against Philip Markin, the fifth individual charged in connection with an insider trading scheme to trade ahead of a pharmaceutical company tender offer. According to the SEC’s complaint, filed on September 10, 2024, Philip Markin made approximately […]
Frauds & Scandals
SEC Charges Broker-Dealer First Horizon With Regulation Best Interest Violations
Firm’s structured note recommendations violated Reg BI’s compliance obligation September 18, 2024/US SEC The Securities and Exchange Commission today announced charges against registered broker-dealer First Horizon Advisors, Inc. for failing to maintain and enforce policies and procedures reasonably designed to achieve compliance with Regulation Best Interest (Reg BI). The charges […]
SEC Charges DeFi Platform Rari Capital and its Founders With Misleading Investors and Acting as Unregistered Brokers
Rari Capital also charged for engaging in unregistered crypto offerings September 18, 2024/US SEC The Securities and Exchange Commission today announced settled charges against Rari Capital, Inc., a supposed decentralized finance (DeFi) protocol, and its co-founders, Jai Bhavnani, Jack Lipstone, and David Lucid, for misleading investors and engaging in unregistered […]