In Your Interest
July 17, 2018/US SEC The Securities and Exchange Commission today announced fraud charges against a Miami-based asset manager accused of perpetuating lies about his portfolio manager’s investment performance and assets under management, and for stealing approximately $1 million of client funds. The SEC alleges that John Geraci formed the Meridian […]
July 17, 2018/US SEC On July 11, 2018, the Securities and Exchange Commission filed fraud charges against a second defendant in connection with a scheme to manipulate the price of Fitbit securities through false regulatory filings. According to the SEC’s complaint, Mark E. Burns purchased Fitbit call options just minutes […]
July 17, 2018/US SEC The Securities and Exchange Commission today announced that New York-based broker-dealer BGC Financial has agreed to pay a $1.25 million penalty to settle charges that it failed to preserve audio files sought by the SEC and inaccurately recorded travel, entertainment, and other expenses. The SEC’s order […]