July 31, 2024/US SEC The Securities and Exchange Commission today charged South Bay Acquisitions, LLC (“South Bay”) and its principal, John N. Matson of San Diego, California, with defrauding five investors, including some of his former brokerage customers. According to the SEC’s complaint, between January 2012 and September 2021, Matson […]
Frauds & Scandals
SEC Charges Florida Resident with Insider Trading
July 30, 2024/US SEC The Securities and Exchange Commission today charged Palm Beach County resident Charles Baugh with violations of the anti-fraud provisions of the federal securities laws in connection with his trading in the securities of ADT, Inc. ahead of an announcement that the company had agreed to enter […]
SEC Wins Summary Judgment Against Former Silicon Valley Software Engineer in Multimillion Dollar Insider Trading Ring Case
July 29, 2024/US SEC On July 25, 2024, Judge Richard Seeborg of the U.S. District Court for the Northern District of California granted the SEC’s motion for summary judgment against Sivannarayana Barama and entered a final judgment against Barama, finding him liable for almost $8.5 million as a result of […]