June 29, 2018/US SEC On June 29, 2018, the Securities and Exchange Commission charged a Massachusetts real-estate developer with making several false statements in his attempts to raise funds from potential investors. The SEC’s complaint, filed in the United States District Court for the District of Massachusetts, alleges that, from […]
Frauds & Scandals
SEC Charges New York-Based Firm and Supervisors for Failing to Supervise Brokers Who Defrauded Customers
June 29, 2018/US SEC The Securities and Exchange Commission today charged New York-based broker-dealer Alexander Capital L.P. and two of its managers for failing to supervise three brokers who made unsuitable recommendations to investors, “churned” accounts, and made unauthorized trades that resulted in substantial losses to the firm’s customers while […]
Former Equifax Manager Charged With Insider Trading
June 28, 2018/US SEC The Securities and Exchange Commission today charged a former Equifax manager with insider trading in advance of the company’s September 2017 announcement of a massive data breach that exposed Social Security numbers and other personal information of approximately 148 million U.S. customers. This is the second […]