19/9/2018/US SEC On September 14, 2018, the Securities and Exchange Commission charged an Indianapolis-based investment advisory firm and its sole owner with selling approximately $13 million of high-risk securities to more than 120 advisory clients – many of whom are current or former teachers or other workers in public education […]
Frauds & Scandals
SEC Charges Medical Aesthetics Company and Its Former CEO with Misleading Investors in a $60 Million Stock Offering
19/9/2018/US SEC The Securities and Exchange Commission today charged Sientra, Inc., a California-based medical aesthetics company, and its former CEO, Hani Zeini, with concealing damaging news about the company’s sole-source manufacturer before it closed a $60 million stock offering in 2015. The company agreed to settle the SEC’s charges. According […]
SEC Shuts Down $345 Million Fraud and Obtains Asset Freeze
19/9/2018/US SEC The Securities and Exchange Commission today announced it has obtained a court order halting an ongoing Ponzi-like scheme that raised more than $345 million from over 230 investors across the U.S. The SEC also obtained an emergency asset freeze and the appointment of a receiver. An SEC complaint unsealed yesterday […]
