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Wednesday, July 8, 2020

AmTrust and its former CFO settle SEC charges for $10.5 million

The Securities and Exchange Commission (SEC) announced that AmTrust Financial Services Inc. and its former CFO Ronald E. Pipoly Jr. agreed to pay a...
penny stock

SEC files lawsuit against entities and individuals engage in microcap fraud scheme

The Securities and Exchange Commission (SEC) filed a complaint against five individuals and six offshore entities involved in a microcap fraud scheme, in which...

FTC charges New York financing companies allegedly engage in unfair collection practices

The Federal Trade Commission (FTC) filed a complaint against two small-business financing companies based in New York for allegedly engaging in unfair business collection...

SEC charges penny stock trader for allegedly engaging in pump-and-dump scheme

The Securities and Exchange Commission (SEC) filed a lawsuit against a penny stock trader in Santa Cruz, California for allegedly conducting a pump-and-dump scheme...
Covid-19 false claims

FTC bans payment processors for allegedly helping scammers defraud consumers

The Federal Trade Commission (FTC) and the State Ohio is permanently prohibiting two companies and their owners from processing payments due to their involvement...
sec_logo_securities_and_exchange_commission

SEC orders Argo Group International to pay civil penalty over disclosure failure

Argo Group International Holdings, Ltd., an insurance company based in Bermuda, agreed to settle the charges against it by the Securities and Exchange Commission...
Qualpay

Payment processor Qualpay settles FTC charges related to fraudulent MOBE business coaching

Qualpay, a payment processor based in California, agreed to settle the charges filed against it by the Federal Trade Commission (FTC), alleging that it...

SEC orders BitClave to return $25.5 million to be distributed to its ICO investors

BitClave PTE Ltd. agreed to settle the charges filed by the Securities and Exchange Commission (SEC), alleging that the blockchain services company conducted an...
sec_logo_securities_and_exchange_commission

Ares Management to pay $1 million to settle SEC charges over its compliance failures

Ares Management, a private equity firm based in Los Angeles, California agreed to pay $1 million to resolve the charges against it by the...

Peloton sues NordicTrack maker Icon

Peloton, maker of the popular Peloton bike, is suing competitor Icon Health & Fitness Inc, maker of NordicTrack, for patent infringement. Peloton alleges that...

Must Read

White House rules out federal mask mandate

As the second half of 2020 plays out, coronavirus is still very much a trending topic in the nation. Testing has increased, as have...