The SEC announced that AssetMark Inc. has agreed to pay more than $18 million to settle charges over undisclosed conflicts of interest involving a cash sweep program and revenue sharing payments.
The SEC charged Hyzon Motors Inc., Craig M. Knight, and Max C.B. Holthausen with fraud for falsely misrepresenting the company's business relationships and vehicle sales, and they will collectively pay $25.3 million in penalties and disgorgements.
The SEC has charged 11 individuals and corporations for failing to comply with regulations regarding insider transactions and stocks, resulting in a collective fine of over $1.1M.
The SEC has appointed George Botic, CPA to the PCAOB Board in order to protect investors and improve the accuracy of public company disclosures.
The SEC has charged three siblings, Marco, Pedro and Olivia Perez, with insider trading before the April 2021 announcement of a storage company's offer to acquire a finance corporation resulting in a combined $650,000 in profits.
The SEC has charged DBRS Inc. and Kroll Bond Rating Agency, LLC for failing to preserve electronic records and DBRS has agreed to pay a $8 million in civil penalties and KBRA agreed to pay $4 million in civil penalties to settle the charges.
The SEC has filed charges against four individuals for insider trading involving multiple merger and acquisition transactions, resulting in the individual defendants profiting from a total of approximately $460,000.