August 20, 2018/US SEC The Securities and Exchange Commission today charged five individuals and four companies for unlawfully selling securities of Woodbridge Group of Companies LLC to retail investors. Woodbridge collapsed into bankruptcy in December 2017 and the SEC previously charged the company, its owner, and others with operating a […]
Frauds & Scandals
Citigroup to Pay More Than $10 Million for Books and Records Violations and Inadequate Controls
August 20, 2018/US SEC The Securities and Exchange Commission today announced that Citigroup has agreed to pay $10.5 million in penalties to settle two enforcement actions involving its books and records, internal accounting controls, and trader supervision. The charges stem from $81 million of losses due to trader mismarking […]
SEC Announces Settlement with Two Traders in Innate Insider Trading Case
August 20, 2018/US SEC The Securities and Exchange Commission announced the entry of final judgments against two traders who received tips of material, nonpublic information about negative drug trial results for Innate Immunotherapeutics. Lauren Zarsky and her mother, Dorothy Zarsky, consented to the entry of final judgments without admitting or […]
