The U.S. Securities and Exchange Commission has announced charges against California resident James Roland Jones in the first-ever enforcement action from the commission to target securities fraud on the darknet. The dark web was designed to let users access the internet anonymously and it is intentionally hidden requiring special software to access the...
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Category: Securities and Exchange Commission Investigations
Securities & Exchange Commission charges trader with fraud for false tweets alleging yield over $900,000 in profits
The Securities and Exchange Commission has issued fraud charges and an asset freeze against a trader who used Twitter to spread false information about a defunct...
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SEC charges AT&T and three execs with selectively providing nonpublic information to research analysts
The Securities and Exchange Commission has charged AT&T, Inc. with repeatedly violating a securities regulation prohibiting disclosure of nonpublic ionformation, and three of its Investor Relations executives with aiding and abetting AT&T's violations, by selectively disclosing material nonpublic information to research analysts.
According to the SEC's complaint, AT&T learned...
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SEC will allow enforcement staff go launch investigations allowing for subpoenas to companies for records or testimony
The Securities and Exchange Commission will give more power to its enforcement staff to launch investigations, an early sign that it plans to become more assertive under the Biden administration. This change allows more enforcement supervisors to authorize investigations, permitting about 36 senior officials at the agency to subpoena companies and individuals for records...
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SEC charges AT&T and 3 execs with giving certain Wall street analysts access to nonpublic info without sharing it widely
AT&T and three of its executives have been charged by the SEC with selectively giving some Wall Street analysts access to nonpublic information without sharing it widely. The SEC said that internal documents showed that data was generally considered material to investors and cannot be selectively disclosed under the Fair Disclosure Regulation (Regulation FD)....
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Biotech consultant who advised on Cambridge gene therapy firm Dimension Therapeutics acquisition pleads guilty to insider trading charges
Mark Joseph Ahn, a biotech consultant who advised on Cambridge gene therapy firm Dimension Therapeutics' potential acquisition in 2017 has pleaded guilty to charges of insider trading. He was charged by the U.S. Attorney's Office for...
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SEC investigating SolarWinds over sale of $315 million shares days before Cyberattack was revealed to public
IT Management Software company SolarWinds, whose software was breached in a Russian cyberattack, said in an SEC filing that...
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SEC charges ratings agency Morningstar for violating disclosure and internal controls provisions of the securities laws
ion today filed a civil action alleging that former credit ratings agency Morningstar Credit Ratings LLC violated disclosure and internal controls provisions of the federal securities laws in rating commercial mortgage-backed securities (CMBS).
Credit ratings are used by market participants to help evaluate credit risk, price certain securities, and guide the investment decisions of...
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SEC suspends and and charges two former KPMG auditors for improper conduct during audit of not for profit New Rochelle College
The Securities and Exchange Commission has suspended two former KPMG auditors from practicing before the SEC in connection with settled charges against the two for improper professional conduct during an audit of the , not-for-profit College of New...
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SEC charges biotech consultant Mark Ahn with insider trading information he learned from his time consulting for Abeona Therapeutics
A biotech consultant has been charged by the SEC with two counts of insider trading charges, with federal prosecutors and securities regulators claiming the defendant made profitable stock trades using confidential information he learned during his time consulting for Abeona Therapeutics. The U.S. attorney’s office in Massachusetts and the Securities and Exchange Commission (SEC)...
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