shell company

SEC Issues Risk Disclosure Guidance for Chinese Issuers
Risk & Compliance

SEC Issues Risk Disclosure Guidance for Chinese Issuers

“Recent events have highlighted the risks associated with investing in companies that are based in or that have the majority of their operations" in China.
By Matthew Heller | December 22, 2021
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SEC to Tighten Disclosure Rules for Chinese Firms
Risk & Compliance

SEC to Tighten Disclosure Rules for Chinese Firms

“The disclosures of U.S.-listed Chinese companies have not met the threshold of disclosure for other companies headquartered in the U.S."
By Matthew Heller | July 30, 2021
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Mutual Fund Operators Accused of $100M Fraud
Risk & Compliance

Mutual Fund Operators Accused of $100M Fraud

The SEC says Ofer Abarbanel and Victor Chilelli misappropriated investor funds to buy Treasury securities for themselves.
By Matthew Heller | June 22, 2021
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Attorneys Charged in $6M Microcap Fraud
Risk & Compliance

Attorneys Charged in $6M Microcap Fraud

The SEC says the lawyers played a "crucial role" in passing off at least 22 shell companies as legitimate startups.
By Matthew Heller | October 12, 2017
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Lawyer Accused of Shell Company Stock Fraud
Risk & Compliance

Lawyer Accused of Shell Company Stock Fraud

David Lubin allegedly participated in a scheme that realized $34 million in illicit proceeds from the sale of shares in a company he co-founded.
By Matthew Heller | July 20, 2017
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Promoter Accused of $2M Shell Company Scam
Risk & Compliance

Promoter Accused of $2M Shell Company Scam

The SEC says Sheldon Rose sold more than a dozen blank check companies disguised as promising startups to investors.
By Matthew Heller | September 22, 2016
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Feds Move to Curb Real Estate Secrecy
Risk & Compliance

Feds Move to Curb Real Estate Secrecy

The anti-money laundering action means buyers of high-end property in Manhattan and Miami can no longer hide behind shell companies.
By Katie Kuehner-Hebert | January 13, 2016
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SEC Suspends Trading in 128 Shell Companies
IPOs

SEC Suspends Trading in 128 Shell Companies

Doing so puts the 128 dormant penny-stock companies out of reach of 'microcap fraudsters,' says the Securities and Exchange Commission.
By Vincent Ryan | March 2, 2015
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Mergers, Acquisitions and Shell Games
M&A

Mergers, Acquisitions and Shell Games

Reverse mergers are making a comeback, but so are the scam artists that peddle them.
By Joseph McCafferty | April 1, 1999
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