MetLife, Inc. has agreed to pay a civil penalty of $10 million in order to settle charges from the Securities and Exchange Commission (“SEC”) that it violated the books and records and internal accounting controls provisions of the federal securities laws.
In a long-awaited development, the SEC has adopted its final rule "requiring companies to disclose, in proxy or information statements for the election of directors, any practices or policies allowing employees or directors to engage in certain hedging transactions...
The Securities and Exchange Commission (SEC) announced in September a court order that halted what the SEC referred to as "an ongoing Ponzi-like scheme" that fraudulently collected more than $345 million from over 230 investors across the U.S. In...
Digital and virtual currencies continue to be a growing trend in the financial industry. Investors are demonstrating increased interest and trading activity, and, more and more financial advisers are considering inclusion of cryptocurrencies in investment portfolios. Existing as digital...
58-year-old Arthur Lamar Adams pled guilty on May 9, 2018, to one count of wire fraud for his role in defrauding hundreds of investors in a Ponzi scheme involving more than $100 million, spanning a period of at least...
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- Old, Familiar Fraud Found in New, Innovative Investments
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