Fraud & Scandals

SEC Charges Former Legal Department Employee and His Father with Insider Trading

February 21, 2020/US SEC The Securities and Exchange Commission filed insider trading charges on February 14, 2020 against a former employee in the legal department of a wholly-owned subsidiary of American International Group, Inc., who used confidential information about an impending acquisition to unlawfully trade securities and to tip his […]

SEC Charges Global Alcohol Producer with Disclosure Failures

February 19, 2020/US SEC The Securities and Exchange Commission announced charges against alcohol producer Diageo plc for failing to make required disclosures of known trends relating to the shipments of unneeded products by its North American subsidiary to distributors. Diageo has agreed to pay $5 million to settle the action. According […]