Offering Fraud – Article ( Articles ) Offering Fraud (O-Fraud) A Deceptive Scheme Targeting Investors O-Fraud, a serious financial crime, involves the deceitful and illegal promotion of investment opportunities to unsuspecting individuals. It exploits the desire for financial gain, promising unrealistic returns and hiding significant risks. This article explores the various tactics used in offering […]
Day: November 22, 2024
SEC-PR-2024-186 (11-22-24) SEC Announces Enforcement Results for Fiscal Year 2024 – Commission saw market participants respond to its efforts to promote culture of proactive compliance. Excerpt: Washington D.C., Nov. 22, 2024 — The Securities and Exchange Commission today announced that it filed 583 total enforcement actions in fiscal year 2024 while obtaining orders for $8.2 billion […]
SEC-PR-2024-185 (11-22-24) SEC Charges Three Broker-Dealers with Filing Deficient Suspicious Activity Reports – Firms receive credit for cooperating with SEC’s investigations Excerpt: Washington D.C., Nov. 22, 2024 — The Securities and Exchange Commission today announced that broker-dealers Webull Financial LLC, Lightspeed Financial Services Group LLC, and Paulson Investment Company, LLC have agreed to settle charges […]
Illegal Stock Sales – Article ( Articles ) Illegal Stock Sales (ISS) Introduction ISS refer to various unlawful activities in the trading of stocks and securities that violate securities laws and regulations. These activities can undermine market integrity, harm investors, and lead to severe legal consequences for those involved. Understanding the types of illegal stock […]
Misappropriation – Article ( Articles ) Misappropriation (Misapp) Introduction Misapp refers to the wrongful taking or use of another person’s property, assets, or intellectual property without their consent. It encompasses a range of illegal activities that can harm individuals, businesses, and the economy as a whole. Understanding the different forms of misappropriation is crucial for protecting […]
SEC-PR-2024-184 (11-22-24) UPS to Pay $45 Million Penalty for Improperly Valuing Business Unit Excerpt: Washington D.C., Nov. 22, 2024 — The Securities and Exchange Commission today announced settled charges against United Parcel Service Inc. for materially misrepresenting its earnings because it failed to follow generally accepted accounting principles (GAAP) in valuing one of its worst […]