18/5/2018/US SEC On May 18, 2018, a federal district court in Massachusetts entered a preliminary injunction against PixarBio Corporation, Francis M. Reynolds, Kenneth A. Stromsland, and M. Jay Herod, restraining the defendants from violating federal securities laws and maintaining an existing asset freeze until further notice. The SEC’s complaint, filed […]
Frauds & Scandals
Security Guard to Company Board Member Settles Insider Trading Charges
18/5/2018/US SEC On May 1, 2018, a federal district court entered a consent judgment against Kingston, Pennsylvania resident Todd David Alpert, for insider trading. According to the SEC’s complaint, Alpert, who worked as a security guard at the home of an H.J. Heinz Company board member, misappropriated material nonpublic information […]
SEC Charges Brent Borland with Misappropriating Investor Assets
18/5/2018/US SEC On May 16, 2018, the Securities and Exchange Commission charged Brent Borland and two of his companies with misappropriating close to $6 million in investor funds intended to finance an international airport in Belize. The SEC’s complaint alleges that between 2014 and 2017, Brent Borland sold more than […]
