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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Category: SEC Whistleblower
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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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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SEC charges CEO and owner of GPB Capital and Ascendant Capital $1.7 BILLION Ponzi like scheme based on whistleblower SEC filing
The Securities and Exchange Commission today 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. The SEC also charged GPB Capital with violating the whistleblower protection laws.
The SEC’s...
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Growing Fortune 500 firms much more likely to commit financial fraud than smaller struggling companies major study shows
Expanding Fortune 500 firms with spiking growth are more likely to commit financial fraud than smaller companies, according to a recent study published in Justice Quarterly.
Researchers from Washington State University, Pennsylvania State University, and Miami University studied more than 250 U.S. public corporations that were involved in financial securities fraud identified in Securities...
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Deutsche Bank pays $130 million to settle SEC DOJ investigation into foreign bribes and manipulation of commodities markets
Deutsche Bank Aktiengesellschaft (Deutsche Bank or the Company) has agreed to pay more than $130 million to resolve the government’s investigation into violations of the Foreign Corrupt Practices Act (FCPA) and a separate investigation into a commodities fraud scheme.
According to admissions and court documents, between 2009 and 2016, Deutsche Bank, acting through its employees...
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