May 10, 2024/US SEC The Securities and Exchange Commission announced today that it filed fraud charges against FAT Brands Inc. (“FAT”), its founder, former CEO, and current Chairman, Andrew Wiederhorn (“Wiederhorn”), and its former CFOs, Ron Roe (“Roe”) and Rebecca Hershinger (“Hershinger”) concerning FAT’s disclosures about related person transactions with […]
Frauds & Scandals
SEC Charges Pennsylvania Resident with Insider Trading in Dick’s Sporting Goods Securities
May 10, 2024/US SEC The Securities and Exchange Commission today charged Gibsonia, PA resident Frank T. Poerio, Jr. with insider trading for misappropriating material, nonpublic information concerning Dick’s Sporting Goods Inc. and trading on that information, realizing illegal profits of more than $800,000. According to the SEC’s complaint, between November […]
Insider Dealings: NGX Cautions Julius Berger
May 6, 2024/NGX In accordance with its X-Compliance report, which requires quoted companies to disclose activities that could affect investments, the Nigeria Exchange Regulation Company Limited has issued a caution letter to Julius Berger Plc. This is due to insider dealings in shares during the closed period, which violated the provisions of […]
