Firms made untrue or unsubstantiated claims or lacked required disclosures September 9, 2024/US SEC The Securities and Exchange Commission today announced settled charges against nine registered investment advisers for violating the Marketing Rule by disseminating advertisements that included untrue or unsubstantiated statements of material fact or testimonials, endorsements, or […]
Frauds & Scandals
SEC Charges Esmark Inc. and Chairman James Bouchard with Announcing False Tender Offer to Purchase U.S. Steel Corp.
September 6, 2024/US SEC The Securities and Exchange Commission today announced settled charges against Esmark Inc. and its founder, chairman, and former CEO, James P. Bouchard, for publicly announcing a tender offer to purchase U.S. Steel Corporation for $35 per share even though Esmark lacked the financial means to consummate […]
SEC Charges Former Finance Director at CIRCOR International with Accounting Fraud
Company settles SEC’s charges for related accounting controls violations; avoids penalties based on self-report, cooperation, and remediation September 5, 2024/US SEC The Securities and Exchange Commission today announced fraud charges against Nicholas Bowerman, a former finance director of CIRCOR International Inc., a formerly publicly traded technology manufacturer. The SEC alleges […]
