Company’s former auditor charged with violating auditor independence standards February 29, 2024/US SEC The Securities and Exchange Commission today charged Lordstown Motors Corp. with misleading investors about the sales prospects of Lordstown’s flagship electric pickup truck, the Endurance. Lordstown, which filed for bankruptcy in 2023, went public by merging with […]
Frauds & Scandals
SEC Charges TIAA Subsidiary for Failing to Act in the Best Interest of Retail Customers
Broker-dealer to pay more than $2.2 million for violating Reg BI February 16, 2024/US SEC The Securities and Exchange Commission today announced that registered broker-dealer TIAA-CREF Individual & Institutional Services LLC (TC Services), a subsidiary of Teachers Insurance and Annuity Association of America (TIAA), will pay more than $2.2 million […]
SEC Charges Van Eck Associates for Failing to Disclose Influencer’s Role in Connection with ETF Launch
February 16, 2024/US SEC The Securities and Exchange Commission today announced that registered investment adviser Van Eck Associates Corporation has agreed to pay a $1.75 million civil penalty to settle charges that it failed to disclose a social media influencer’s role in the launch of its new exchange-traded fund (ETF). […]
