The SEC was a quiet place this week, at least in term of announced enforcement actions. Its derivatives counterpart, the Commodity Futures Trading Commission, picked up the slack and suspended the registration of Ted Brent Alexander of Jackson, Mississippi because of his federal criminal indictment on securities and commodities fraud, conspiracy, and wire fraud
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Crypto might receive widespread adoption sooner if some of its biggest promoters would stop running scams. This week, the SEC charged Craig Sproule, an Australian citizen, with making false, material statements in conjunction with an initial coin offering
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Last week and this week, the SEC filed charges concerning penny stocks and microcap companies. Like something hidden in the back of the refrigerator, this market cubbyhole is easy for most market participants to ignore until the stench becomes unbearable
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Kidneys are in the news again. In October, we learned about one writer who donated a kidney and another writer who allegedly plagiarized the donor’s letter to the recipient. This week, the story involves SEC charges against American Renal Associates Holdings (ARA), a chain of dialysis clinics that allegedly falsified revenues
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People must get away with insider trading all the time, because why else would someone with a very good, high-paying job throw it all away on an options trade
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