‘Enforcement 40’ for 2020
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Join the Securities Litigation and Enforcement Group on LinkedInWhat Are the Consequences of Elon Musk’s S.E.C. Criticism? – The New York Times
Mr. Musk’s criticism of the agency appears petulant and poorly timed, given his need to have the settlement approved, but it is not the type of statement that misleads shareholders. It does indicate that he may not be as contrite as other defendants who settle with the S.E.C., however, and could violate the injunction. That […]
Ex-financial advisor Dawn Bennett found guilty in $20M Ponzi scheme case | Financial Planning
After deliberating for under five hours Wednesday, a federal jury convicted Bennett on 17 charges, including false statements on a loan application and three kinds of fraud: securities, bank and wire. The case notably had some unusual elements for a securities fraud trial. FBI agents searching Bennett’s penthouse found evidence of voodoo-type witchcraft, specifically instructions […]