CEO And Former CFO To Pay Millions in Penalties to Settle Charges
On September 18, 2018, the Securities and Exchange Commission announced that a Boulder, Colorado-based biopharmaceutical company, its CEO, and its former CFO will pay more than $20 million in penalties to settle charges of misleading investors about the company’s developmental... Read More →
SEC Awards Approximately $1.5 Million to Whistleblower
On September 14, 20185, the Securities and Exchange Commission announced that a whistleblower has earned an award of more than $1.5 million. The whistleblower provided the SEC with vital information and ongoing assistance that proved important to the overall success... Read More →
$345 Million Ponzi-Like Scheme Shut Down by SEC
On September 19, 2018, the Securities and Exchange Commission announced that it has obtained a court order halting an ongoing Ponzi-like scheme that raised more than $345 million from over 230 investors across the U.S. The SEC also obtained an emergency asset... Read More →