April 5, 2024/US SEC On April 3, 2024, the Securities and Exchange Commission obtained final judgment by consent against defendant Volkswagen Group of America Finance, LLC (“VWGOAF”), which the SEC had charged in 2019 with making false and misleading statements in connection with its 2014 and 2015 offerings of billions […]
Frauds & Scandals
SEC Charges Advisory Firm Senvest Management with Recordkeeping and Other Failures
April 4, 2024/US SEC The Securities and Exchange Commission today announced charges against registered investment adviser Senvest Management LLC for widespread and longstanding failures to maintain and preserve certain electronic communications. The SEC also charged Senvest with failing to enforce its code of ethics. To settle this matter, Senvest admitted […]
SEC Obtains Final Judgment Against Canadian Individual in Microcap Fraud Scheme Targeting Retail Investors
March 29, 2024/US SEC On March 27, 2024, the U.S. District Court for the Eastern District of New York entered a final judgment against Canadian resident Fabrizio Di Carlo whom the SEC had charged for his role in a microcap fraud scheme targeting retail investors. Among other things, the judgment […]