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."
Mutual Fund Operators Accused of $100M Fraud
The SEC says Ofer Abarbanel and Victor Chilelli misappropriated investor funds to buy Treasury securities for themselves.
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.
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.
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.
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.
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.