September 26, 2018/US SEC On September 26, 2018, the Securities and Exchange Commission charged the co-founders of a New York-based crowdfunding portal with misappropriating more than $1 million from investors. According to the SEC’s complaint, New York resident William C. Skelley and New Jersey resident Sohin S. Shah, the co-founders […]
Frauds & Scandals
SEC Charges Firm With Deficient Cybersecurity Procedures
September 26, 2018/US SEC The Securities and Exchange Commission today announced that a Des Moines-based broker-dealer and investment adviser has agreed to pay $1 million to settle charges related to its failures in cybersecurity policies and procedures surrounding a cyber intrusion that compromised personal information of thousands of customers. The […]
SEC Charges Former CEO of Chilean-Based Chemical and Mining Company With FCPA Violations
September 25, 2018/US SEC The Securities and Exchange Commission today announced that the former CEO of Chilean-based chemical and mining company Sociedad Química y Minera de Chile, S.A. (SQM) has agreed to pay $125,000 to resolve charges that he violated the Foreign Corrupt Practices Act (FCPA). According to the SEC’s […]
