Fraud & Scandals

SEC Obtains Final Judgment Against Investment Adviser Charged with Fraud

June 5, 2020/US SEC On May 20, 2020, the U.S. District Court for the Southern District of Indiana entered a final judgment against Steele Financial, Inc., an Indianapolis-based investment advisory firm, and its sole owner, Tamara Steele. In a separate administrative proceeding, the SEC also barred Steele from the securities […]

SEC Awards Record Payout of Nearly $50 Million to Whistleblower

Whistleblower Program Reaches $500 Million in Total Awards June 4, 2020/US SEC The Securities and Exchange Commission today announced a nearly $50 million whistleblower award to an individual who provided detailed, firsthand observations of misconduct by a company, which resulted in a successful enforcement action that returned a significant amount […]