The Securities and Exchange Commission (SEC) has filed charges against a Utah resident, Christofer Shurian, and an entity under his control, Utah Regional Investment Fund, LLC ("URIF"), for perpetrating a fraudulent scheme. This scheme involved diverting millions of dollars of investor funds for personal use and to pay finder's fees instead of fulfilling the promised [...]

The Securities and Exchange Commission (SEC) has brought charges against Nano-X Imaging Ltd., an Israel-based diagnostic imaging company, and its former CEO, Ran Poliakine, for negligently misrepresenting the manufacturing cost of the company's flagship imaging device, the Nanox.ARC. Both Nanox and Poliakine have agreed to settle the charges laid out by the SEC. According to [...]

The Securities and Exchange Commission (SEC) has taken swift action by obtaining an emergency order to halt an alleged ongoing offering fraud and Ponzi-like scheme orchestrated by Zera Financial LLC (Zera) and its owner, Luis A. Romero. These entities have managed to amass over $2.2 million from approximately 170 investors. According to the SEC's complaint, [...]

The Securities and Exchange Commission (SEC) has filed charges against four individuals, including Anthony Viggiano, a former analyst at a prominent investment firm and later at an international investment bank, along with Christopher Salamone, Stephen A. Forlano, and Nathan Bleckley. These charges relate to insider trading activities in advance of several merger and acquisition transactions. [...]

The Securities and Exchange Commission (SEC) has taken action against Spruce Power Holding Corporation, based in Denver, which is the successor to XL Fleet Corp. The charges pertain to allegations of misleading investors with revenue projections that exceeded $1 billion within three years of the company's initial public offering. XL Fleet, a provider of hybrid [...]

The Securities and Exchange Commission (SEC) has taken action against Newell Brands Inc., a Georgia-based consumer products company, and its former CEO, Michael Polk, for allegedly providing misleading information to investors regarding Newell's core sales growth, which is a non-GAAP (Generally Accepted Accounting Principles) financial measure used to explain the company's underlying sales trends. Both [...]

The Securities and Exchange Commission (SEC) has taken action by filing charges against multiple entities in the financial industry, including broker-dealers and investment advisers, for their extensive and longstanding failure to properly maintain and preserve electronic communications. These firms have admitted to the violations outlined in their respective SEC orders and have acknowledged that their [...]

The Securities and Exchange Commission (SEC) has taken legal action against Prager Metis CPAs, LLC, and its California-based counterpart, Prager Metis CPAs LLP (together referred to as Prager), on charges related to violations of auditor independence rules and their involvement in aiding and abetting their clients' breaches of federal securities laws. According to the SEC's [...]

Douglas MacWright and his firm, Highlander Capital Management, ran a multi-year scheme that produced more than $1 million in fraudulent gains, the SEC alleged. A New Jersey–based advisor has settled Securities and Exchange Commission charges that he and his firm ran a long-term cherry-picking scheme. Douglas MacWright, a 42-year industry veteran, and his firm, Highlander [...]