September 30, 2018/US SEC The Securities and Exchange Commission announced today that Elon Musk, CEO and Chairman of Silicon Valley-based Tesla, Inc., has agreed to settle the securities fraud charge brought by the SEC against him last week. The SEC also today charged Tesla with failing to have required disclosure […]
Frauds & Scandals
SEC Charges Former Vice President of Ocwen Financial Corporation with Insider Trading
September 28, 2018/US SEC A former Vice President at Ocwen Financial Corporation has agreed to settle charges that he engaged in insider trading surrounding three separate events based on material nonpublic information obtained through his employment. The SEC’s complaint alleges that Bryan R. Ziegenfuse, the former Vice President of Servicing […]
Brokerage Firm to Exit Penny Stock Deposit Business and Pay Penalty for Repeatedly Failing to Report Suspicious Trading
September 28, 2018/US SEC The Securities and Exchange Commission today announced settled charges against clearing firm COR Clearing LLC for failing to report suspicious sales of penny stock shares totaling millions of dollars. As part of the settlement, COR has agreed to exit a key penny stock clearing business by […]
