The U.S. Securities and Exchange Commission penalized Goldman Sachs Asset Management $4 million on Tuesday after accusing it of breaking rules for investments in the…
Founder of Iconix found guilty of securities fraud at second trial
A little over a year after a different jury was unable to reach a verdict in his initial trial, a Manhattan jury on Monday found…
Market maker Virtu brings a record-request lawsuit against the U.S. SEC
In an uncommon move, Virtu filed a lawsuit against the U.S. Securities and Exchange Commission on Tuesday, claiming that its chief regulator had failed to reply to a request for public documents. Virtu, a market maker with a sizable equity business, claimed it filed a Freedom of Information Act (FOIA) request in June to ascertain whether the SEC had complied with legal requirements to assess potential investor harm and market risks while taking new rules for the handling and execution of retail stock orders into consideration. “What we’re doing is exercising our rights as citizens … to understand what this Chair is looking at and who he’s meeting…
To resolve the Arizona diesel ad complaint, Mercedes-Benz will pay $5.5 million
In order to end a legal dispute involving promises made in diesel advertising, the German manufacturer Mercedes Benz and auto supplier Robert Bosch LLC have…
SEC, DOJ Examining FTX Crypto Platform
The probe focuses on potential securities-law violations by U.S. affiliate Following its abrupt collapse this week, the Securities and Exchange Commission and Justice Department are…
Todd and Julie Chrisley get 12 years for Bank Fraud and Tax Evasion
Todd Chrisley was sentenced to 12 years in prison plus 16 months of probation, while Julie got seven years behind bars and 16 months of…
Elizabeth Holmes sentenced to more than 11 years in prison for Theranos fraud
Elizabeth Holmes, the founder of Theranos, was given 11 years and three months jail sentence on Friday by a federal judge for cheating investors in…
After discovering Tax Fraud, Trump’s children handed me a raise, an ex-CFO claims
Allen Weisselberg, the longstanding chief financial officer of the Trump Organization, said on Friday at the company’s criminal tax fraud trial that Donald Trump’s children…
Former Saul Ewing paralegal who is charged with embezzling $600,000 requests a plea bargain
The Chicago U.S. attorney’s office has been contacted by a paralegal accused of stealing more than $600,000 from Saul Ewing Arnstein & Lehr’s bankruptcy estate…
Theranos fraud: The United States wants Elizabeth Holmes to serve 15 years in prison
U.S. prosecutors suggested late on Friday that Theranos founder Elizabeth Holmes receive a 15-year jail sentence and pay $800 million in compensation to investors who…