91porn

  1. Home
  2. 91porn
  3. Whistleblower Representation
  4. Recent Government Enforcement
  5. SEC Enforcement Actions
Have a Claim?

Click here for a confidential contact or call:

1-347-417-2192 
								
			


								
						
			


								
			

	
Whistleblower Quiz

	
Would you blow the whistle?

 Take our Quiz


									
	
						

		

			
			

				

					
SEC Enforcement Actions

					
The  (SEC) is the United States agency with primary responsibility for enforcing federal securities laws. Whistleblowers with knowledge of violations of the federal securities laws can submit a claim to the SEC under the SEC Whistleblower Reward Program, and may be eligible to receive  monetary rewards and protection against retaliation by employers.


Below are summaries of recent SEC settlements or successful prosecutions. If you believe you have information about fraud which could give  rise to an SEC enforcement action and claim under the SEC Whistleblower Reward Program, please contact us to speak with one of our experienced whistleblower attorneys.

				

			

			
						
					
			 			


 			




	
		
		

			

				
				
June 17, 2020

				 AmTrust Financial Services Inc. and its former CFO, Ronald E. Pipoly Jr., have agreed to pay the SEC $10 million and $75,000, respectively, to settle charges of failing to properly disclose material facts about how the company estimated insurance losses and reserves, specifically the fact that Pipoly made accounting adjustments that diverged from the company’s actuarial estimates.  The adjustments eventually exceeded $300 million, which impacted all of the company’s reporting.  				 					 

						
Tagged in:
													  Financial and Investment Fraud, 
												
						

					
	
							
	
		
		
	


 			




	
		
		

			

				
				
June 10, 2020

				 Eight defendants - Arkadiy Dubovoy, Igor Dubovoy, Southeastern Holding and Investment Company LLC, APD Developers, Inc., Leonid Momotok, Aleksandr Garkusha, Vladislav Khalupsky, and Memelland Investments Ltd. – have settled civil claims in connection with the hacking of newswire services to steal corporate earnings releases before they were made public.  The SEC alleged that the hackers created a secret web-based location to transmit the stolen data to traders in the United States and abroad. The traders allegedly used this nonpublic information in a short window of opportunity to place illicit trades in stocks, options, and other securities, sometimes funneling a portion of their illegal profits to the hackers.  The defendants will pay disgorgement and prejudgment interest totaling more than $14 million. 				 					 

						
Tagged in:
													  Financial and Investment Fraud, 
													  Insider Trading, 
													  Securities Fraud, 
												
						

					
	
							
	
		
		
	


 			




	
		
		

			

				
				
June 5, 2020

				 The world’s former largest private manufacturer of dermatology products, along with its former chairman and CEO, have been ordered to pay $37 million to defrauded shareholders, many of whom were company employees.  According to the SEC, Stiefel Laboratories and Charles Stiefel bought back stock at severely undervalued prices and failed to disclose information during the buyback that would have alerted shareholders to the stock’s true value.  At the time, the company was quietly negotiating the sale of the company to GlaxoSmithKline PLC, which ultimately led to a share price of more than four times what defendants paid to shareholders.  				 					 

						
Tagged in:
													  Financial and Investment Fraud, 
												
						

					
	
							
	
		
		
	


 			




	
		
		

			

				
				
June 4, 2020

				 A whistleblower has been awarded $50 million in what is the largest amount ever awarded to a single person in the history of the SEC’s whistleblower program.  According to the SEC’s press release, the successful enforcement action that resulted from the unnamed individual’s tip allowed harmed investors to recover a significant amount of money.  				 					 

						
Tagged in:
													  Anonymity, 
													  SEC Whistleblower Reward Program, 
													  Securities Fraud, 
													  Whistleblower Rewards, 
												
						

					
	
							
	
		
		
	


 			




	
		
		

			

				
				
June 4, 2020

				 Investment advisory firm Navallier & Associates, and its founder and Chief Investment Officer, Louis Navallier, has been ordered to pay $30 million to the SEC for allegedly defrauding prospective clients and retained clients in connection with the firm’s Vireo AlphaSector investment strategies.  The firm was allegedly aware of false and misleading statements regarding the stategies’ performance in marketing materials sent to clients, but failed to inform clients and in fact continued to sell the strategies.  				 					 

						
Tagged in:
													  Financial and Investment Fraud, 
													  Securities Fraud, 
												
						

					
	
							
	
		
		
	


 			




	
		
		

			

				
				
June 1, 2020

				 Broker-dealer and investment advisor U.S. Bancorp Investments, Inc. will pay a penalty of $2.4 million as well as disgorgement and interest totaling nearly $16 million to resolve claims that it steered clients to mutual fund share classes that charged 12b-1 and shareholder servicing fees when lower-cost share classes were available.  U.S. Bancorp allegedly failed to disclose to clients that it had a conflict of interest arising from its receipt of fees with respect to such shares, and, in recommending the higher-cost shares, failed to seek best execution for client transactions.  				 					 

						
Tagged in:
													  Financial and Investment Fraud, 
													  Financial Institution Fraud, 
													  Securities Fraud, 
												
						

					
	
							
	
		
		
	


 			




	
		
		

			

				
				
May 28, 2020

				 Blockchain company BitClave PTE Ltd agreed to pay disgorgement, penalties, and interest totaling $29.7 million to resolve charges arising from its 2017 unregistered initial coin offering of digital tokens it called Consumer Activity Tokens (CATs).  The CATs were investment contracts, with proceeds of the ICO used to fund the development of BitClave’s blockchain-based search platform for consumer advertising, which BitClave offered and sold to the general public as providing the opportunity for future profits arising from the efforts of BitClave and its agents.  				 					 

						
Tagged in:
													  Cryptocurrency, 
													  Financial and Investment Fraud, 
													  Regulatory Violations, 
													  Securities Fraud, 
												
						

					
	
							
	
		
		
	


 			




	
		
		

			

				
				
May 15, 2020

				 Credit rating agency Morningstar will pay $3.5 million to settle charges that it violated conflict of interest rules by having credit rating analysts in its asset-backed securities group engage in marketing to issuers, including offering to provide indicative ratings.  SEC rules prohibit rating agencies from issuing or maintaining a credit rating where an analyst who participates in determining or monitoring credit ratings also participates in sales and marketing activity, and require agencies to have policies to address conflicts of interest.  				 					 

						
Tagged in:
													  Financial and Investment Fraud, 
													  Regulatory Violations, 
												
						

					
	
							
	
		
		
	


 			


											

						

								

									
1
…
26
27
28
29
30
31
32
…
108
								

						

					

												
		
 
	
 

 



	


	

		

			

								
							
Learn about Whistleblower Rewards Programs
			
	
		

		
	
			

									

													False Claims Act					  							State & Local False Claims Acts					  							SEC Program					  							CFTC Program					  							IRS Program					  					

								See More			
	
		

	
		

	




	


	

		

			

				

					

						
Newsletter

						
Subscribe to receive email updates from the 91pornblogs

					
	
				
	
			
	
			
	
				
Sign up for: