The Securities and Exchange Commission (SEC) has today initiated legal action against Auctus Fund Management, LLC ("Auctus Management"), and its co-proprietors, Alfred Sollami of Brookline, Massachusetts, and Louis Posner of Mansfield, Massachusetts. The charges allege that they failed to register as securities dealers with the SEC. The SEC claims that Auctus Management, together with Sollami [...]

The Securities and Exchange Commission (SEC) has brought charges against Marshall E. Melton, a Greensboro, North Carolina resident, and his company, Integrated Consulting & Management, LLC. The charges pertain to an alleged fraudulent investment scheme that primarily targeted elderly investors. Melton has a previous history with the SEC, having been accused of securities fraud and [...]

Today, the U.S. Securities and Exchange Commission (SEC) lodged a complaint in the U.S. District Court for the Western District of Texas. The complaint accuses Outstanding Real Estate Solutions, Inc. (ORES), its CEO and founder Chimene Van Gundy, along with salespeople Michael Trofimoff, Santos Kidd, and Maria Tosta, of their involvement in an alleged fraudulent [...]

The U.S. Securities and Exchange Commission (SEC) disclosed today that it has reached a settlement with Carrie L. Tolstedt, the former head of Wells Fargo & Co.’s Community Bank. Tolstedt has consented to pay a penalty of $3 million, related to charges from 2020 accusing her of misleading investors about the Community Bank's performance, a [...]

The U.S. Securities and Exchange Commission (SEC) revealed that Ishan Wahi, a former product manager at Coinbase, and his sibling, Nikhil Wahi, have consented to resolve allegations of insider trading. Their trading activities were purportedly timed strategically before numerous announcements of new crypto assets listings on the Coinbase platform. Both of the Wahi brothers agreed [...]

The Securities and Exchange Commission (SEC) reported on May 25, 2023, that it had initiated a process to resolve charges against Francis Sabo (also known as "Ricky Bobby"), pertaining to his alleged role in a $100 million securities fraud scheme. Sabo and other individuals, previously charged by the SEC in December 2022, are alleged to [...]

The Securities and Exchange Commission (SEC) has taken urgent action to halt an alleged fraudulent scheme conducted by Integrated National Resources Inc. (INR), also known as WeedGenics, and its owners, Rolf Max Hirschmann and Patrick Earl Williams. The SEC claims that Hirschmann and Williams raised over $60 million from investors under the pretense of expanding [...]

A class action lawsuit filled against Charles River Laboratories International, Inc. (referred to as "Charles River" or the "Company") on behalf of individuals and entities who purchased or acquired Charles River securities between May 5, 2020, and February 21, 2023 (the "Class Period"). Interested investors have until July 18, 2023, to apply to the Court [...]

Deutsche Bank, a Germany-based global banking firm, has been found liable by a South Florida jury for its failure to detect and report a Ponzi scheme that led to the bankruptcy and liquidation of several Cayman Island companies. The jury reached a verdict on Tuesday, ordering Deutsche Bank to pay $95 million in damages for [...]