September 28, 2018/US SEC Washington D.C., September 28, 2018 – The Securities and Exchange Commission today announced charges against former Texas state senator Carlos I. Uresti and Stanley P. Bates for securities fraud and other violations of the federal securities laws. According to the SEC’s complaint, filed in the United […]
Frauds & Scandals
Charges LendingClub Asset Management and Former Executives With Misleading Investors and Breaching Fiduciary Duty
September 28, 2018/US SEC The Securities and Exchange Commission today charged San Francisco-based LendingClub Asset Management LLC (formerly known as LendingClub Advisors LLC) and its former president Renaud Laplanche with fraud for improperly using fund money to benefit LendingClub Corporation, LCA’s parent company that Laplanche founded and for which he […]
Defendant in SEC Insider Trading Case Sentenced in Parallel Criminal Action
September 28, 2018/US SEC A cardiologist charged by the Securities and Exchange Commission with insider trading on confidential developments as he worked on a clinical drug trial has been sentenced to 6 months imprisonment and ordered to pay a $500,000 fine. In November 2017, a federal jury convicted Dr. Edward […]
