Aegis Capital Complaints: Scott Scott Hananel Investigated

Aegis Capital Corporation is one of almost 50 broker-dealers with a significant workforce of registered representatives who have a less than clean history showing up on their public disclosures. This has been reported in a study commissioned by Reuters and Columbia University School of Law in 2017.  One of their advisors, Scott Hananel, is under …

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Chair Gensler Announces Addition Of Barbara RoperTo Senior Staff

WashingtonD.C. Aug. 25, 2021 — The Securities Exchange CommissionToday, the appointment of Barbara RoperAs Senior AdvisorTo the Chair. Ms. Roper’sWe will focus on matters related to retail investor protection. This includes matters relating broker-dealer oversight, investment advisor oversight, and examinations. SheCurrently, the DirectorOf Investor ProtectionFor the Consumer FederationOf America(CFA). “Barbis an investor champion and will …

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SEC Obtains Emergency Relief. Charges Investment Adviser Its PrincipalWith Operating$110 Million Ponzi Scheme

WashingtonD.C. Aug. 25, 2021 — On Aug. 20, 2021 Securities Exchange CommissionTo stop fraudsters from committing more crimes, you can file an emergency action PonziScheme allegedly perpetrated Marietta. Georgiaresident John WoodsAnd two entities he owns: Registered Investment Advisor and Registered Investment Broker Livingston Group Asset Management Company?, d/b/a(*) (Southport Capital() and investment fund SouthportIII LLC …

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SEC Charges Healthcare Services CompanyThe CFO FailingTo Accurately Report Loss ContingenciesAs part of ContinuingEPS Initiative

WashingtonD.C. Aug. 24, 2021 — The Securities Exchange CommissionToday, it was announced that Pennsylvania-based Healthcare Services Group. Inc. $6 million settlement was reached to resolve charges that the company committed accounting and disclosure violations. The violations allowed the company’s quarterly earnings per share (EPS), to be reported at an inflated level that exceeded the consensus …

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source https://financialadvisorcomplaints.com/sec-charges-healthcare-services-companythe-cfo-failingto-accurately-report-loss-contingenciesas-part-of-continuingeps-initiative/

SEC Charges Penny Stock CompanyCEO OthersWith Multi-Million Dollar Fraud

WashingtonD.C. Aug. 16, 2021 — The Securities Exchange CommissionToday, the company announced that it had charged an issuer, its CEO and six other entities with taking part in a scheme to defraud penny stock investors. TheSEC also charged several participants with operating as unregistered dealer, and obtained emergency relief in an effort to stop their …

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SEC Charges Biopharmaceutical Company EmployeeWith Insider Trading

WashingtonD.C. Aug. 17, 2021 — The SecuritiesAnd Exchange CommissionToday, a former employee was charged with California-based Medivation Inc. Insider trading ahead of Medivation’sAn announcement by the pharmaceutical giant that it would be bought Pfizer Inc. AccordingTo the SEC’s complaint filed in the U.S. District CourtFor the Northern DistrictThis is California. Matthew PanuwatRobert, then-head of business …

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Sanjay Wadhwa Named Deputy Director Of Enforcement Division

WashingtonD.C. Aug. 18, 2021 — The Securities Exchange CommissionToday was the announcement of the appointment Sanjay WadhwaAs Deputy DirectorYou can find the DivisionOf Enforcement. Mr. WadhwaMost recently, served as Senior Associate DirectorYou can find the DivisionOf EnforcementIn the New York Regional Office(NYRO), in which he managed over 150 people to enforce federal securities laws. HisNew …

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SEC Enhances AccessTo Financial Disclosure Data

WashingtonD.C. Aug. 19, 2021 — The Securities Exchange CommissionToday, open data enhancements were announced that allow public access to financial statements as well as other disclosures made on the website of publicly traded companies. Electronic Data Gathering? Analysis?, and Retrievalsystem (EDGAR). TheSEC releases the first edition Application Programming Interfaces(APIs) are data that aggregate financial statements. …

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SEC Charges Netflix Insider Trading Ring

WashingtonD.C. Aug. 18, 2021 — The SecuritiesAnd Exchange CommissionToday, three former employees were charged with insider trading. Netflix Inc. Two close associates and software engineers generated more than $3,000,000 in total profits from trading confidential information. Netflix’s subscriber growth. AccordingTo the SEC’s complaint Sung Mo”Jay” JunHe was involved in a long-running conspiracy to illegally trade …

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source https://financialadvisorcomplaints.com/sec-charges-netflix-insider-trading-ring/

SEC Charges Investment AdviserAnd Associated IndividualsWith Causing ViolationsOf RegulationSHO

WashingtonD.C. Aug. 17, 2021 — The SecuritiesAnd Exchange CommissionToday, settled charges were announced against Murchinson Ltd.; its principal. Marc Bistricer; and its trader Paul Zogala(the respondents) for providing incorrect order-marking information which caused executing brokers to violate RegulationSHO. InAdditionally, MurchinsonAnd BistricerSettlement of charges for failing to register a dealer with the SEC AccordingAccording to the …

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SEC Charges Pearson PLC Misleading Investors About Cyber Breach

The Securities and Exchange Commission today announced that Pearson plc London-based public company that provides educational publishing and other services to schools and universities, agreed to pay $1 million to settle charges that it misled investors about a 2018 cyber intrusion involving the theft of millions of student records, including dates of births and email …

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source https://financialadvisorcomplaints.com/sec-charges-pearson-plc-for-misleading-investors-about-cyber-breach/

Worden Capital Financial Advisor Salvatore Pizzimenti BARRED

Based on information available from recently released documents, financial advisor Salvatore Pizzimenti of Worden Capital has been barred from the Securities industry by the Financial Regulatory Authority (FINRA). This action of FINRA arises after an investigation into his customer accounts-related trading where he apparently failed to provide testimony. He was consequently barred, as also confirmed …

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source https://financialadvisorcomplaints.com/worden-capital-financial-advisor-salvatore-pizzimenti-barred/