SEC News
Official announcements and updates from the U.S. Securities and Exchange Commission.
SEC Charges 38 Entities Over Allegedly False Form ADV Filings Used to Appear Legitimate
The SEC charged 38 entities with allegedly making false statements in Forms ADV to create the appearance of legitimate U.S. investment advisory businesses, including false office addresses, unreliable phone information and unsubstantiated adviser claims.
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SEC Says Ichcoin Tech Used False ERA Claims, Fake Office Details and Another Person's CRD Number
The SEC charged Ichcoin Tech Corp. with allegedly filing false Form ADV information about its eligibility as an exempt reporting adviser, Albany office, telephone number and CRD identification.
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SEC Alleges Texas Attorney Used Tax-Lien and Settlement Investment Deals to Raise $1.85 Million
The SEC charged Texas attorney David T. Gilchrist and podcast host Christopher Aaron Novinger in connection with alleged fraudulent securities offerings that raised more than $1.85 million from at least 22 investors through tax-lien and class-action settlement investment pitches.
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SEC Alleges Billion-Dollar Revenue Fraud Tied to Lugano Diamonds and Parent Company Disclosures
The SEC charged former Lugano Diamonds CEO Mordechai Ferder over an alleged scheme involving fictitious diamond investments, Ponzi-like repayments and more than $1 billion in allegedly false revenue recognized by Lugano and its public parent, Compass Diversified.
Read more →SEC Alleges $80 Million Private Fund Scheme Used New Investor Money to Pay Earlier Investors
The SEC charged former Pacific Private Money Group executives Mark D. Hanf and Hoai-Nam Chu Phan with allegedly raising more than $80 million from approximately 190 investors while using new investor capital to make Ponzi-like payments to earlier investors.
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