Newsfile SEC Press Digest

Recent News

  • SEC Charges Founder, Digital-Asset Issuer With Fraudulent ICO

    Washington, D.C.--(Newsfile Corp. - December 11, 2019) - The Securities and Exchange Commission today charged a digital-asset entrepreneur and his company with defrauding investors in an initial coin offering (ICO) that raised more than $42 million from hundreds of investors.The SEC's complaint alleges that from August 2017 to April 2018, Eran Eyal, ...

    2019-12-11 7:10 PM ET
  • SEC Obtains Asset Freeze to Halt Alleged Offering Fraud

    Washington, D.C.--(Newsfile Corp. - December 10, 2019) - The Securities and Exchange Commission today announced that it has obtained a temporary restraining order and asset freeze against a California solar panel company and three executives who allegedly defrauded more than 100 investors.According to the SEC’s complaint, Nanotech Engineering Inc., CFO Michael ...

    2019-12-10 8:28 PM ET
  • Former Congressman and Two Others Settle Insider Trading Charges

    Washington, D.C.--(Newsfile Corp. - December 9, 2019) - The Securities and Exchange Commission announced today settlements with former U.S. Rep. Christopher Collins, his son Cameron Collins, and Stephen Zarsky, all of whom were charged with insider trading and pleaded guilty to related criminal charges. The settlements, which are subject to ...

    2019-12-09 4:05 PM ET
  • Jefferies to Pay Nearly $4 Million for Improper Handling of ADRs

    Washington, D.C.--(Newsfile Corp. - December 9, 2019) - The Securities and Exchange Commission today announced that broker-dealer Jefferies LLC will pay nearly $4 million to settle charges of improper handling of “pre-released” American Depositary Receipts (ADRs).  ADRs are U.S. securities that represent foreign shares of a foreign company, and they ...

    2019-12-09 1:23 PM ET
  • SEC Obtains Touting and Fraud Judgment Against Colorado Cannabis Stock

    Washington, D.C.--(Newsfile Corp. - December 9, 2019) - A Colorado stock promoter and two of his companies agreed to pay $4.2 million to settle the U.S. Securities and Exchange Commission's charges for fraudulently promoting and trading a cannabis stock. On Dec. 5, 2019, the U.S. District Court for the District of Colorado entered the ...

    2019-12-09 10:53 AM ET
  • SEC Charges Multinational Telecommunications Company With FCPA Violations

    Washington, D.C.--(Newsfile Corp. - December 6, 2019) - The Securities and Exchange Commission today announced that Sweden-based Telefonaktiebolaget LM Ericsson was charged with engaging in a large-scale bribery scheme involving the use of sham consultants to secretly funnel money to government officials in multiple countries. The bribes netted Ericsson hundreds ...

    2019-12-06 10:45 PM ET
  • SEC Charges Trucking Executives With Accounting Fraud

    Washington, D.C.--(Newsfile Corp. - December 5, 2019) - The Securities and Exchange Commission today charged two former top executives of Indiana-based trucking company Celadon Group Inc. for their participation in an accounting fraud that inflated the company's income and earnings per share. Celadon previously agreed to settle accounting fraud charges brought by ...

    2019-12-05 7:05 PM ET
  • SEC Releases Report on 38th Annual Small Business Forum

    Washington, D.C.--(Newsfile Corp. - December 5, 2019) - The Securities and Exchange Commission today released a report on the 38th Annual Government-Business Forum on Small Business Capital Formation.  The Forum is a unique event attended by SEC Commissioners and staff in which members of the public and private sectors ...

    2019-12-05 7:01 PM ET