August 8, 2024/US SEC The Securities and Exchange Commission filed insider trading charges today against Massachusetts residents Steven D. Targum, Elliot P. Targum, and Nicholas J. Rosenberg, who collectively avoided losses of about $110,000 from trading in advance of the February 13, 2023 announcement of negative clinical drug trial news […]
Frauds & Scandals
SEC Charges Founder-Owners of Urban Commons LLC with Orchestrating Two Securities Fraud Schemes
August 7, 2024/US SEC The Securities and Exchange Commission charged Taylor Woods and Howard Wu, the co-founders and co-owners of Urban Commons, LLC, with securities fraud involving two schemes to defraud two sets of investors related to investments in and ownership of thirteen hotels in the United States, including the […]
SEC Obtains Final Judgment Against New York Real Estate Developer for Perpetrating a $229 Million Fraud Against EB-5 Investors
August 6, 2024/US SEC On July 26, 2024, the U.S. District Court for the Eastern District of New York entered a final judgment against Yi (Richard) Xia, his company Fleet New York Metropolitan Regional Center, LLC, and his wife JiQing (Julia) Yue. The SEC had charged Xia and Fleet with perpetrating […]
