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 […]
Frauds & Scandals
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 […]
SEC Charges Audit Firm BF Borgers and Its Owner with Massive Fraud Affecting More Than 1,500 SEC Filings
May 3, 2024/US SEC The Securities and Exchange Commission today charged audit firm BF Borgers CPA PC and its owner, Benjamin F. Borgers (together, “Respondents”), with deliberate and systemic failures to comply with Public Company Accounting Oversight Board (PCAOB) standards in its audits and reviews incorporated in more than 1,500 […]