Senators demand the U.S. Department of Transportation to implement whistleblower program previously mandated in 2015

The U.S. Department of Transportation (DOT) has failed to publish rules implementing a Congressionally-mandated auto safety whistleblower program.  Senators Richard Blumenthal (D-CT) and Edward Markey (D-MA) sent a letter to Transportation Secretary Pete Buttigieg demanding that the DOT immediately implement the whistleblower program. “Over the past few years, we have observed increasingly devastating and tragic motor […]

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Securities and Exchange Commission files suit against New Hampshire firm LBRY for failure to register offering of securities LBRY Token

The Securities and Exchange Commission (SEC) has filed a civil suit against New Hampshire firm LBRY saying it “failure to register an offering of securities. The SEC Complain states: ” From 2016 through the present, LBRY offered and sold millions of dollars’ worth of unregistered securities to investors, in the form of a digital asset […]

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Securities & Exchange Commission charges trader with fraud for false tweets alleging yield over $900,000 in profits

  The Securities and Exchange Commission has issued fraud charges and an asset freeze against a trader who used Twitter to spread false information about a defunct company. According to the SEC’s Complaint, the trader, Andrew Fassari secretly profited $900,000 by selling his own holdings of the company’s stock. The SEC complaint said he used […]

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Telemarketers pay $4 million to end case of soliciting patients and paying telemed docs for prescriptions for compounded drugs for kickbacks

Two telemarket company owners Jack Lee Stapleton and Jack Hunter Stapleton will pay $4 million to end allegations they engaging in schemes to generate prescriptions for compounded drugs and refer those prescriptions to pharmacies in exchange for illegal kickbacks. Many of those prescriptions were billed to TRICARE, the federal health care program providing insurance for […]

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SEC charges AT&T and three execs with selectively providing nonpublic information to research analysts

The Securities and Exchange Commission has charged AT&T, Inc. with repeatedly violating a securities regulation prohibiting disclosure of nonpublic ionformation, and three of its Investor Relations executives with aiding and abetting AT&T’s violations, by selectively disclosing material nonpublic information to research analysts. According to the SEC’s complaint, AT&T learned in March 2016 that a steeper-than-expected […]

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Switzerland’s oldest private bank Rahn & Bodmer pays U.S. $22 million for helping holders file false tax returns defrauding IRS of millions

Rahn & Bodmer, Zurich Switzerland’s oldest private bank, will pay $22 million to the U.S. government for conspiring to help U.S. account holders file false federal tax returns and defraud the IRS  hiding hundreds of millions of dollars offshore. Rahn & Bodmer helped U.S. account holders file false federal tax returns and commit tax evasion […]

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SEC charges AT&T and 3 execs with giving certain Wall street analysts access to nonpublic info without sharing it widely

AT&T and three of its executives have been charged by the SEC with selectively giving some Wall Street analysts access to nonpublic information without sharing it widely. The SEC said that internal documents showed that data was generally considered material to investors and cannot be selectively disclosed under the Fair Disclosure Regulation (Regulation FD). That […]

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Biotech consultant who advised on Cambridge gene therapy firm Dimension Therapeutics acquisition pleads guilty to insider trading charges

Mark Joseph Ahn, a biotech consultant who advised on Cambridge gene therapy firm Dimension Therapeutics’ potential acquisition in 2017 has pleaded guilty to charges of insider trading. He was charged by the U.S. Attorney’s Office for the District of Massachusetts and the U.S. Securities and Exchange Commission. The Complaints charged Ahn used information he gained […]

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