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
... Read more »Search Results for: Ann Logue
SEC Actions This Week: Renal Center Manipulated Revenue Dec10
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
... Read more »SEC Actions This Week: Insider Trading? What Insider Trading? Dec3
People who commit insider trading know that it is wrong, so they often have others place their trades or open accounts under pseudonyms. The SEC doesn’t care: if you pass on material non-public information in violation of your fiduciary responsibility, you are guilty of insider trading
... Read more »SEC Actions This Week: Changes to Proxy Voting Nov19
As ESG investing becomes more common, proxy voting matters have become more important. Decades ago, money managers would argue that they didn’t need to vote proxies; they would just sell the stock if they didn’t like what management was doing. Of course, that was never realistic
... Read more »SEC Actions This Week: Believe It or Not, the SEC Enforces Insider Trading Regulations Nov12
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
... Read more »