September 14, 2018/US SEC The SEC filed insider trading charges on September 10, 2018 against a corporate deal advisor for trading in securities of two China-based companies based on confidential information about their impending acquisitions. As alleged in the SEC’s complaint, Rong Chen obtained this inside information in the course […]
Frauds & Scandals
SEC Charges Citigroup for Dark Pool Misrepresentations
September 14, 2018/US SEC The Securities and Exchange Commission today entered an order finding that Citigroup Global Markets Inc. misled users of a dark pool operated by one of its affiliates. The SEC’s order found that Citigroup misled users with assurances that high-frequency traders were not allowed to trade in […]
SEC Charges Investment Advisers With Defrauding Retail Advisory Clients
September 14, 2018/US SEC The Securities and Exchange Commission today 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 – […]
