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 […]
Frauds & Scandals
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 […]
SEC Charges Florida Microcap Company, CEO and Consultant with Fraud
September 28, 2018/US SEC The Securities and Exchange Commission today charged a Florida-based microcap issuer, its CEO, and one of its consultants with making material misstatements to retail investors, among other charges. According to the SEC’s complaint, Nutra Pharma Corp., a microcap issuer that purports to make pain relief drugs […]
