14/8/2019/US SEC On August 12, 2019, the Securities and Exchange Commission charged Harsh Nahata, a former WestRock Corporation employee, and his friend, Ajay S. Bhandari, with trading ahead of the announcement of WestRock’s acquisition of KapStone Paper and Packaging Corporation, on the basis of material, nonpublic information that Nahata obtained […]
Fraud & Scandals
SEC Wins Jury Trial Against Broker Charged with Insider Trading
14/8/2019/US SEC Today, jurors in Atlanta federal court returned a verdict finding New Jersey securities broker Raymond J. Pirrello, Jr. liable for insider trading in advance of three merger and acquisition transactions. The SEC’s evidence at trial showed that Pirrello received highly confidential nonpublic information about the impending acquisitions of Radiant Systems Inc., Midas […]
SEC Charges Broker-Dealer with Violations of Gatekeeping Provisions Aimed at Protecting Investors
August 14, 2019/US SEC The Securities and Exchange Commission today charged Canaccord Genuity LLC, a broker-dealer headquartered in New York City, with enabling trading in dozens of thinly-traded securities without conducting the review required by the federal securities laws. According to the SEC’s order, Canaccord published quotes and made markets in dozens […]
