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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source https://financialadvisorcomplaints.com/sec-obtains-emergency-relief-charges-investment-adviser-its-principalwith-operating110-million-ponzi-scheme/

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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source https://financialadvisorcomplaints.com/sec-charges-penny-stock-companyceo-otherswith-multi-million-dollar-fraud/

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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source https://financialadvisorcomplaints.com/sec-charges-biopharmaceutical-company-employeewith-insider-trading/

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/