SEC - USA Herald

Investigates May 1, 2020

SEC sues Praxsyn and its CEO over alleged COVID-19 scam

The Securities and Exchange Commission (SEC) filed a lawsuit Praxsyn Corporation and its CEO, Frank Brady, over its alleged fraudulent…

By Marivic Cabural Summers

Investigates April 25, 2020

SEC sues Dropil and its founders for allegedly conducting fraudulent ICO

The Securities and Exchange Commission (SEC) filed a lawsuit against Dropil Inc., a California-based company operating a cryptocurrency platform, for…

By Marivic Cabural Summers

Financial Investigations April 21, 2020

SEC orders three investment advisory firms to return money to investors

The Securities and Exchange Commission (SEC) ordered three investment advisory firms to reimburse investors harmed by their inadequate disclosure practices.…

By Marivic Cabural Summers

USA Herald April 17, 2020

SEC awarded more than $27 million to whistleblower who helped in a successful enforcement action

A whistleblower received a monetary award of more than $27 million for providing information critical to the investigation of the…

By Marivic Cabural Summers

IIG Managing Partner pleads guilty to Ponzi-like scheme

Investigates April 15, 2020

SEC files lawsuit against former financial services executive for allegedly arranging bribery

The Securities and Exchange Commission (SEC) filed a lawsuit against a former financial services company executive who allegedly arranged a…

By Marivic Cabural Summers

Investigates April 8, 2020

Cantor Fitzgerald to pay $3.2 million to settle SEC violations related to its blue sheets submissions

Cantor Fitzgerald & Co., a global financial services firm, agreed to pay $3.2 million to settle the charges filed by…

By Marivic Cabural Summers

Financial Investigations March 23, 2020

SEC halted cryptocurrency scam perpetrated a former Washington state senator

The Securities and Exchange Commission (SEC) stopped a cryptocurrency scam perpetrated by a former Washington state senator and two Florida…

By Marivic Cabural Summers

Business March 11, 2020

Kinetic Investment Group’s Fraudulent Securities Offering Halted by SEC

Kinetic Investment Group and its managing member Michael Scott Williams is facing a lawsuit over the firm’s alleged fraudulent, unregistered…

By Marivic Cabural Summers

Business March 7, 2020

SEC announces conditional regulatory relief for companies affected by coronavirus

Publicly-traded companies impacted by the novel coronavirus (covid-19) may obtain a conditional regulatory relief and assistance Securities and Exchange Commission…

By Marivic Cabural Summers