Frauds & Scandals

SEC Charges Michigan Registered Representative with Misappropriating Brokerage Customer Funds

18/9/2018/US SEC The Securities and Exchange Commission charged a former registered representative with defrauding his brokerage customers – including many elderly retirees and unsophisticated investors – out of more than $2.7 million in a multi-year investment scam. According to the SEC’s complaint, from at least 2014 through 2016, Ernest J. […]

Biopharmaceutical Company, Executives Charged With Misleading Investors About Cancer Drug

September 18, 2018/US SEC The Securities and Exchange Commission today announced that a Boulder, Colorado-based biopharmaceutical company, its CEO, and its former CFO will pay more than $20 million in penalties to settle charges of misleading investors about the company’s developmental lung cancer drug.  The SEC’s complaint filed in federal […]