Corporate Insiders Charged for Failing to Update Disclosures Involving “Going Private” Transactions
Eight officers, directors, or major shareholders are facing charges for failing to update their stock ownership disclosures to reflect material changes, including steps to take the companies private. Each of the respondents, without admitting or denying the SEC’s allegations, agreed to settle the proceedings by paying a financial penalty.
SEC Charges Nearly Two Dozen Unregistered Broker-Dealers
Nearly two dozen companies and individuals who regularly bought and sold securities on behalf of a suburban Chicago-based trading firm without registering with the SEC as a broker-dealer as required under the federal securities laws are now facing charges.