May 1, 2024/US SEC On April 30, 2024, the United States District Court for the Northern District of Texas granted the Securities and Exchange Commission’s request for monetary remedies against Daniel E. Levin. According to the SEC’s complaint filed on May 9, 2023, Levin solicited investors to purchase approximately $2.6 […]
Frauds & Scandals
SEC Charges Virginia Resident and Two Friends with Insider Trading
April 30, 2024/US SEC The Securities and Exchange Commission filed insider trading charges today against Sanjay Bhandari, Vinod Singhi, and Rakesh Jain, who collectively made about $70,000 in profits from trading in advance of the January 19, 2022 announcement that Zogenix Inc. would be acquired by another company. They each […]
SEC Obtains Final Judgment Against Former Broker Engaged in Fraud
April 29, 2024/USS SEC On April 26, 2024, the U.S. District Court for New Jersey entered a final judgment against Mario E. Rivero, a former registered representative at a broker-dealer, who misappropriated more than $480,000 from his advisory clients and brokerage customers. According to the SEC’s complaint, filed on March […]
