SEC Charges Three So-Called Market Makers and Nine Individuals in Crackdown on Manipulation of Crypto Assets Offered and Sold as Securities

For Immediate Release2024-166Washington D.C., Oct. 9, 2024 — The Securities and Exchange Commission today announced fraud charges against three companies purporting to be market makers and nine individuals for engaging…

Continue ReadingSEC Charges Three So-Called Market Makers and Nine Individuals in Crackdown on Manipulation of Crypto Assets Offered and Sold as Securities

Advisory Firm Marathon Asset Management Charged with Policies Failures Regarding Potential Receipt of Confidential Information from Ad Hoc Creditors’ Committees

<br><br>For Immediate Release<br><br>2024-158<br><br><br>Washington D.C., Sept. 30, 2024 — <br>The Securities and Exchange Commission today announced settled charges against registered investment adviser Marathon Asset Management LP for failing to establish, maintain,…

Continue ReadingAdvisory Firm Marathon Asset Management Charged with Policies Failures Regarding Potential Receipt of Confidential Information from Ad Hoc Creditors’ Committees

Advisory Firm Atom Investors, Charged with Recordkeeping Violations, Avoids Civil Penalty Because of Self-Reporting, Substantial Cooperation, and Prompt Remediation

<br><br>For Immediate Release<br><br>2024-143<br><br><br>Washington D.C., Sept. 23, 2024 — <br>The Securities and Exchange Commission today announced charges against Texas-based registered investment adviser Atom Investors LP for its failure to maintain and…

Continue ReadingAdvisory Firm Atom Investors, Charged with Recordkeeping Violations, Avoids Civil Penalty Because of Self-Reporting, Substantial Cooperation, and Prompt Remediation

Audit Firm Prager Metis Settles SEC Charges for Negligence in FTX Audits and for Violating Auditor Independence Requirements

For Immediate Release2024-133Washington D.C., Sept. 17, 2024 — The Securities and Exchange Commission today announced that Prager Metis CPAs, LLC (Prager) and its California professional services firm, Prager Metis CPAs…

Continue ReadingAudit Firm Prager Metis Settles SEC Charges for Negligence in FTX Audits and for Violating Auditor Independence Requirements

SEC Charges Three Former Executives of Pharmacy Startup Medly Health Inc. with Defrauding Investors

Now-defunct digital pharmacy raised over $170 million based on fake prescriptions and fraudulently inflated revenueFor Immediate Release2024-128Washington D.C., Sept. 12, 2024 — The Securities and Exchange Commission today charged now-defunct…

Continue ReadingSEC Charges Three Former Executives of Pharmacy Startup Medly Health Inc. with Defrauding Investors