August 21, 2018/US SEC On August 3, 2018, the U.S. District Court for the Southern District of Georgia entered a default judgment against now-defunct microcap issuer and former movie studio Medient Studios, Inc., also known as Moon River Studios, Inc. The court also entered a final judgment by consent on […]
Frauds & Scandals
SEC Charges Technology Fund Adviser, Founder in Fraudulent Scheme
August 20, 2018/US SEC The Securities and Exchange Commission today charged the founder of San Francisco-based venture capital funds and his investment advisory firm with overcharging investors to fund personal projects, including sending millions of dollars to his own virtual reality production company. The SEC’s complaint alleges that Michael B. Rothenberg, […]
Merrill Lynch Settles SEC Charges of Undisclosed Conflict in Advisory Decision
August 20, 2018/US SEC The Securities and Exchange Commission today announced that Merrill Lynch, Pierce, Fenner & Smith has agreed to pay approximately $8.9 million to settle charges that it failed to disclose a conflict of interest arising out of its own business interests in deciding whether to continue to offer clients […]
