Tagged: Gurbir Grewal

Regulators Ramp Up to Tackle Insufficient Surveillance, JPMorgan Hammered with $200 Million Penalty

Earlier this week, the Securities and Exchange Commission hit JPMorgan (NYSE:JPM) with a $125 million penalty. JP Morgan Securities, a subsidiary of JP Morgan, was fined for “widespread and longstanding failures by the firm and its employees to maintain and preserve written communications,” said the… Read More

Funding Portal Trucrowd, Crowdfunding Issuers Hit With SEC Fraud Charges

The Securities and Exchange Commission has leveled fraud charges against TruCrowd and three issuers in allegations of fraud regarding $2 million of unregistered securities apparently offered via two investment crowdfunding offerings. As far as we are aware, this is the first significant enforcement action pertaining… Read More

SEC Charges Nine in Long Running Global Fraud Scheme

The Securities and Exchange Commission (SEC) this week announced an emergency action charging nine people, including a public company chairman, for their participation in long-running fraudulent schemes that collectively generated hundreds of millions of dollars from unlawful stock sales and caused significant harm to retail… Read More

SEC Announces Multiple Charges Against Nikola Founder

The Securities and Exchange Commission (SEC) has announced charges against Trevor R. Milton, the founder, former CEO and former executive chairman of Nikola Corporation, for repeatedly disseminating false and misleading information about Nikola’s products and technological accomplishments. Milton made the statements mostly through social media…. Read More

DeFi Lender Blockchain Credit Partners Hit with SEC Enforcement Action in First Case of its Kind

The Securities and Exchange Commission (SEC) has announced charges against DeFi lender Blockchain Credit Partners alleging the offering of unregistered securities raising $30 million. This is the first DeFi case filed by the SEC. The complaint indicates that respondents have each submitted an Offer of… Read More

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