SEC-PR-2024-69 (JUN. 7, 2024) Source: https://www.sec.gov/newsroom/press-releases/2024-69 Download: SEC-PR-2024-69 ⊗ (PDF) PRESS RELEASE | 2024-69 SEC Charges Three New Yorkers for Raising More Than $184 Million Through Pre-IPO Fraud Schemes. After Commission shut down original ploy, defendants started another one. Washington D.C., June 7, 2024 — The Securities and Exchange Commission today charged three individuals with […]
Category: Misrepresentations
Misrepresentations in mergers, acquisitions, and financial markets occur when parties involved provide false or misleading information to deceive others and gain an unfair advantage. In mergers and acquisitions, this might involve overstating a company’s financial health, inflating asset values, or concealing liabilities to make a deal appear more attractive than it is. In financial markets, misrepresentations can include misleading financial statements, deceptive trading practices, or fraudulent reporting that manipulates stock prices or investor perceptions. Such misrepresentations undermine market integrity, mislead investors, and can lead to significant financial losses and legal consequences for the parties involved.
SEC-PR-2024-10 (JAN. 25, 2024) Source: https://www.sec.gov/newsroom/press-releases/2024-10 Download: SEC-PR-2024-10 ⊗ (PDF) PRESS RELEASE | 2024-10 SEC Charges Northern Star SPAC for Material Misrepresentations in its IPO-Related Disclosures Washington D.C., Jan. 25, 2024 — The Securities and Exchange Commission today announced that Northern Star Investment Corp. II, a special purpose acquisition company (SPAC), agreed to settle charges […]