The SEC announced charges against Ensign Peak Advisers Inc. and the Church of Jesus Christ of Latter-day Saints for failing to accurately file forms disclosing investments, resulting in a $5 million penalty for both parties.
The SEC charged African Gold Acquisition Corp. with internal controls, reporting, and recordkeeping violations which enabled its former chief financial officer to misappropriate approximately $1.2 million from the company's operating bank account.
The SEC has charged Ozy Media, its CEO Carlos R. Watson, Jr., and two other top executives with defrauding investors of approximately $50 million through repeated misrepresentations.
The SEC charged The Greenbrier Companies Inc. and its founder and former CEO and Chairman, William A. Furman, with failing to disclose perks provided to executives and compensation received from the company for private plane travel, both of which have agreed to pay $1 million and $100,000 in civil penalties, respectively.
The SEC's Investor Advisory Committee will host a virtual public meeting on March 2nd to discuss the growth of private markets, oversight of investment advisers, and open-end fund liquidity risk management and swing pricing in light of the Dodd-Frank Act.
The SEC charged Terren S. Peizer, Executive Chairman of the Santa Monica-based healthcare company Ontrak, with insider trading for selling $20 million of Ontrak stock while in possession of material nonpublic negative information related to the company’s largest customer.
The SEC has charged Sam Bankman-Fried, Alameda Research CEO and FTX CEO, and Jonathan Singh for engaging in a multiyear scheme to defraud FTX investors by diverting customer funds to the crypto hedge fund owned by Bankman-Fried and Singh.