September 13, 2024/US SEC The Securities and Exchange Commission today announced settled charges against Zymergen Inc., an Emeryville, California-based biotechnology company, for misleading IPO investors about its overall market potential, revenue prospects, and customer pipeline for its only commercially available product, an electronics film named Hyaline. Zymergen raised approximately $530 […]
Frauds & Scandals
SEC Charges Former Financial Consultant for Providing Father and Friends Inside Information Regarding Firm’s Client
Consultant’s father and two friends charged with making more than $1 million in illicit insider trading profits September 13, 2024/US SEC The Securities and Exchange Commission today charged Federico Nannini, his father, and two of his friends for insider trading in advance of the pending acquisition of Infrastructure and Energy […]
SEC Obtains Final Judgment Imposing Over $600,000 in Monetary Relief Against Alleged Unregistered Broker
September 13, 2024/US SEC On September 10, 2024, the U.S. District Court for the Southern District of New York entered a final consent judgment against Frank M. Vecchio, enjoining him from violating certain provisions of the federal securities laws and ordering disgorgement and civil monetary penalties. The SEC’s complaint, filed […]