Monday, July 16, 2018

SEC News - Stock Manipulation, FCPA Violations, and Illegal Sales

SEC Files Additional Charges in Fitbit Stock Manipulation Scheme
The SEC filed fraud charges against a second defendant in connection with a scheme to manipulate the price of Fitbit securities through false regulatory filings.

Former CEO and CFO of ITT Barred and Ordered to Pay Penalties
The SEC announced settlements with two former senior executives of ITT Educational Services Inc., which the SEC charged hid its true financial condition from investors. This resolution successfully concludes the SEC’s case, which was scheduled to begin trial on July 9.

Credit Suisse Charged With FCPA Violations
Credit Suisse Group AG will pay approximately $30 million to resolve SEC charges that it obtained investment banking business in the Asia-Pacific region by corruptly influencing foreign officials in violation of Foreign Corrupt Practices Act (FCPA).

Attorney and Law Firm Business Manager Charged With Illegal Sales of UBI Blockchain Internet Stock
Two men have been charged with profiting from illegal sales of stock of a company claiming to have a blockchain-related business.

The attorneys at Sallah Astarita & Cox include veteran securities litigators and former SEC Enforcement Attorneys. We have decades of experience in securities litigation matters, including the defense of enforcement actions. We represent investors, financial professionals and investment firms, nationwide. For more information call 212-509-6544 or send an email to

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