July 10, 2018/US SEC The Securities and Exchange Commission today charged the former CEO of a New Jersey-based payment processing company and his romantic partner, in an insider trading scheme that leveraged nonpublic information about an impending merger announcement to generate more than $250,000 of illicit profits for the defendants. […]
Frauds & Scandals
SEC Obtains Final Judgments Against Attorney and Law Firm Business Manager Charged with IIIegal Sales of UBI Blockchain Internet Stock
9/7/2018/US SEC On July 2, 2018, the Securities and Exchange Commission charged two men alleged to have profited from illegal sales of stock of a company claiming to have a blockchain-related business. Earlier today, the district court approved a settlement with both men. According to the SEC’s complaint, attorney T.J. […]
SEC Charges Charles Schwab with Failing to Report Suspicious Transactions
9/7/2018/US SEC The Securities and Exchange Commission announced that Charles Schwab & Co., Inc., a registered broker-dealer, agreed to settle charges that it failed to file Suspicious Activity Reports (SARs) on the suspicious transactions of independent investment advisers that it terminated from using Schwab to custody their client accounts. To […]
