April 12, 2024/US SEC The Securities and Exchange Commission today announced settled charges against five registered investment advisers for Marketing Rule violations. All five firms have agreed to settle the SEC’s charges and to pay $200,000 in combined penalties. The five advisory firms are: GeaSphere LLC Bradesco Global Advisors Inc. […]
Frauds & Scandals
SEC Charges Real Estate Developer JL Real Estate Development Corporation with EB-5 Financing Offering Fraud
April 12, 2024/US SEC The Securities and Exchange Commission today announced fraud charges against a Los Angeles real estate developer, JL Real Estate Development Corporation, its chief executive officer, Lixin Azarmehr, and EB-5 offering and developing entities Nevada Skilled Nursing Lender, LLC (“Lender”) and Nevada Skilled Nursing Development, LLC (“Developer”) […]
Jury Returns Verdict Finding Defendant Matthew Panuwat Liable for Insider Trading
April 8, 2024/USSEC On April 5, 2024, after an eight-day jury trial in the U.S. District Court for the Northern District of California, the Securities and Exchange Commission obtained a verdict in its favor in its case alleging insider trading in violation of the federal securities laws against defendant Matthew […]