14/6/2019/US SEC On June 13, 2019, the Securities and Exchange Commission charged Alton Perkins and two companies he controlled, Yilaime Corporation of NC (“Yilaime NC”) and Perkins Hsu Export Corporation (“Perkins Hsu”), with raising approximately $1.1 million from investors based on multiple misrepresentations and omissions and diverting more than 75% […]
Fraud & Scandals
SEC Files Fraud Charges in Healthcare Investment Scheme
June 15, 2019/US SEC The Securities and Exchange Commission today filed fraud charges in a multi-million dollar healthcare investment scheme impacting dozens of investors. The SEC alleges that, between May 2014 and January 2017, unregistered investment adviser David Wagner of Greenwich, Rhode Island, Mark Lawrence of Watercolor, Florida, Downing Partners, […]
Industrial and Commercial Bank of China Affiliate to Pay More Than $42 Million for Improper Handling of ADRs
June 15, 2019/SEC The Securities and Exchange Commission today announced that Industrial and Commercial Bank of China Financial Services LLC (ICBCFS), a wholly-owned subsidiary of Industrial and Commercial Bank of China Limited, will pay more than $42 million to settle charges for improper handling of “pre-released” American Depositary Receipts (ADRs). […]
