The Securities and Exchange Commission’s Division of Examinations announced its priorities for 2023 in a recent news release. The division’s priorities are published each year to provide an overview of the steps it will be taking to protect investors and the integrity...
SEC charges venture capital firm and its CEO with fraudulent selling of securities
A venture capital firm and its CEO and co-founder have been charged with defrauding dozens of investors, the Securities and Exchange Commission announced. In a complaint filed in United States District Court in Georgia, the SEC alleged that 29-year-old George Iakovou...
SEC announces 9% increase in enforcement actions for fiscal year 2022
The Securities and Exchange Commission has issued a report on its enforcement results for the fiscal year 2022. In a news release, the SEC said it had filed a total of 760 enforcement actions for the year, a 9 percent increase from fiscal year 2021. The commission...
SEC awards over $10 million to whistleblower who contributed to enforcement action
The Securities and Exchange Commission has announced the latest award in its whistleblower program that issues payments to those who help the commission identify possible fraud and other violations. In a news release, the SEC said it had awarded over $10 million to a...
Former chief financial officer sentenced to prison for embezzling from his firm
A federal judge in North Carolina has sentenced a company’s former chief financial officer for stealing money from his firm, Insurance NewsNet reports. 62-year-old Samuel Allen Mouzon, who was CFO for a company in High Point, North Carolina for about 20 years, was...
