Legal Eagle Review
SEC Charges Four Promoters with Manipulating Marijuana-Related Stocks and Other Microcap Companies
- Details
- Written by LER
The Securities and Exchange Commission today charged four promoters with ties to the Pacific Northwest for manipulating the securities of several microcap companies, including marijuana-related stocks that the agency has warned investors about in recent weeks.
SEC Announces Oil-and-Gas Fraud Charges Against Houston-Based Company and CEO
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- Written by LER
The Securities and Exchange Commission announced charges against a Houston-based oil-and-gas exploration and production company and its CEO for making fraudulent claims about the company’s oil reserves.
SEC Obtains Nearly $70 Million Judgment Against Firms and CEO Found Liable for Defrauding Investors
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- Written by LER
The Securities and Exchange Commission today announced that it has obtained a final judgment in federal court in Tennessee requiring a Richmond, Va.-based financial services holding company, a subsidiary brokerage firm, and their CEO to pay nearly $70 million as the outcome of a trial that found them liable for fraud.
President Obama Nominates Two to Serve on the United States District Courts
- Details
- Written by White House
Washington, DC - Today, President Obama nominated Allison Dale Burroughs and Amit Priyavadan Mehta to serve on the United States District Courts.
Vascular Solutions Inc. to Pay $520,000 to Resolve False Claims Allegations Relating to Medical Device
- Details
- Written by LER
Vascular Solutions Inc. (VSI) has agreed to pay $520,000 to resolve allegations that it caused false claims to be submitted to federal health programs by marketing a medical device for the ablation (or sealing) of perforator veins without FDA approval and despite the failure of its own clinical trial, the Justice Department announced today. VSI is a medical device company based in Minneapolis, Minnesota.
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