August 12, 2024/US SEC The Securities and Exchange Commission today announced charges against OTC Link LLC, a New York-based broker-dealer, for failing to file numerous reports of suspicious financial transactions, known as Suspicious Activity Reports (SARs), for a period of more than three years. OTC Link agreed to pay $1.19 […]
Frauds & Scandals
SEC Charges Ideanomics and Three Senior Executives with Accounting and Disclosure Fraud
August 9, 2024/US SEC The Securities and Exchange Commission today announced settled fraud charges against Ideanomics, Inc., formerly known as Seven Stars Cloud Group, Inc., and its former Chairman and CEO, Zheng (Bruno) Wu, for misleading the public about the company’s financial performance between 2017 and 2019. The SEC also […]
SEC Charges Multiple Individuals and Entities for Fraudulent Schemes That Victimized Elderly Investors
August 8, 2024/US SEC The Securities and Exchange Commission today charged Thompson Hunt and Associates, Ltd. (“THA”), Carl Arnal a/k/a Michael J. Cohen (“Arnal”), Christopher Vaughan (“Vaughan”), Brookdale Consultants LLC (“Brookdale”), Growth Point Consultants, Inc. (“GPC”), Damon Artis (“Artis”), and Richard Gavzie (“Gavzie”) for their respective roles in connection with […]
