The United States Securities and Exchange Commission (SEC) reported this week that Florida and New Jersey residents working for a Delaware investment advisor misled investors in a multi-billion-dollar fraud scheme, while pocketing $550 million in fee
SEC Charges Allianz Global Investors And Three Former Senior Portfolio Managers With Multibillion Dollar Securities Fraud - Allianz Global Investors Agrees To Pay More Than $1 Billion To Resolve SEC Charges mondovisione.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mondovisione.com Daily Mail and Mail on Sunday newspapers.
Litigation Release No. 24994 / December 23, 2020
Securities and Exchange Commission v. RPM International Inc. and Edward W. Moore, Case No. 1:16-cv-01803-ABJ (D.D.C., filed Sept. 9, 2016)
The Securities and Exchange Commission today announced that Ohio-based RPM International Inc. and Edward W. Moore, RPM s General Counsel and Chief Compliance Officer, agreed to pay more than $2 million to settle the SEC s charges of accounting and disclosure violations related to a prior government investigation. The U.S. District Court for the District of Columbia entered a final judgment against RPM and Moore on December 22, 2020.
The SEC s complaint alleged that, in violation of generally accepted accounting principles and the securities laws, RPM failed to timely disclose a material loss contingency, or record an accrual, for a U.S. Department of Justice investigation. According to the complaint, from 2011 through 2013, RPM was under an investigation by DOJ concerning whether RPM overcharge