Fund adviser’s policies failed to consider potential impact of material nonpublic information gained from role as company lenders August 27, 2024/US SEC The Securities and Exchange Commission today announced settled charges against New York-based registered investment adviser Sound Point Capital Management LP for failing to establish, maintain, and enforce written […]
Frauds & Scandals
SEC Issues $24 Million Awards to Two Whistleblowers
August 26, 2024/US SEC The Securities and Exchange Commission today announced awards of more than $24 million to two whistleblowers whose information and assistance led to an SEC enforcement action and an action brought by another agency. The first whistleblower will receive an award of $4 million, while the second […]
SEC Obtains Emergency Relief, Charges CEO and Her Convicted Felon Spouse in $56 Million South Florida Real Estate Ponzi Scheme
August 20, 2024/US SEC The Securities and Exchange Commission today announced that it filed an emergency action and obtained an asset freeze against Wells Real Estate Investment, LLC (“Wells”), based in West Palm Beach, Florida, its CEO Janalie C. Bingham and undisclosed control person and previously convicted financial fraud felon […]