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Tag Archives: SEC

SEC Suspends Trading in Inactive Issuer Touted SpectraScience on Social Media

SpectraScience Inc SCIE

The Securities and Exchange Commission today suspended trading in an inactive company amid questions surrounding online promotion of the company’s securities and recent trading activity.

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SEC Charges Investment Adviser and Others With Defrauding Over 17,000 Retail Investors

GPB Capital

SEC charged three individuals and their affiliated entities with running a Ponzi-like scheme that raised over $1.7 billion from securities issued by a New York-based asset management firm and registered investment adviser, GPB Capital.

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SEC Charges Deutsche Bank With FCPA Violations Related to Third-Party Intermediaries

Deutsche Bank

SEC charges against Deutsche Bank AG for violations of the Foreign Corrupt Practices Act (FCPA). As part of coordinated resolutions with the SEC and the Department of Justice, Deutsche Bank has agreed to pay more than $120 million,

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SEC Obtains Emergency Asset Freeze Charges Crypto Fund Manager with Fraud

Virgil Capital

SEC announced that it filed an emergency action and obtained an order imposing an asset freeze and other emergency relief against Virgil Capital LLC

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SEC Charges Ripple and Two Executives with Conducting $1.3 Billion Unregistered Securities Offering

Ripple

SEC announced that it has filed an action against Ripple Labs Inc. and two of its executives, who are also significant security holders, alleging that they raised over $1.3 billion through an unregistered, ongoing digital asset securities offering.

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SEC Charges Robinhood Financial With Misleading Customers About Revenue Sources and Failing to Satisfy Duty of Best Execution

Robinhood

The Securities and Exchange Commission today charged Robinhood Financial LLC for repeated misstatements that failed to disclose the firm’s receipt of payments from trading firms

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Global Securities Pricing Service to Pay $8 Million for Compliance Failures

SEC Compliance

The Securities and Exchange Commission today charged ICE Data Pricing & Reference Data LLC, a global securities pricing service and New York-based registered investment adviser, for compliance deficiencies relating to its delivery to clients of prices

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SEC Charges The Cheesecake Factory For Misleading COVID-19 Disclosures

The Securities and Exchange Commission today announced settled charges against The Cheesecake Factory Incorporated for making misleading disclosures about the impact of the COVID-19 pandemic on its business operations

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SEC Charges E-Commerce Startup and CEO With Defrauding Investors

SEC Securities and Exchange Commission

The Securities and Exchange Commission today charged a San Francisco-based e-commerce startup and its chief executive officer with misleading investors about purported contracts with well-known consumer brands.

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SEC Emergency Action Halts Brothers’ Cryptocurrency Offering Fraud

Securities and Exchange Commission

The Securities and Exchange Commission today announced that it filed an emergency action and obtained a temporary restraining order and asset freeze against two Pennsylvania-based brothers and three entities they control to stop an offering fraud and the misappropriation of investor proceeds.

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