Some corporate insiders make the mistake of trading while in possession of material non-public information. Others compound the error by lying to the SEC staff during an ensuing investigation. Yang Xie, formerly an employee at a pharmaceutical company, traded minutes…
Month: February 2018
SEC Sanctions Adviser Who Secured False Morningstar Star Rating
The Commission’s focus on retail investors turned to an unregistered investment adviser who marketed shares in two unregistered investment funds. While the marketing was done by using misrepresentations coupled with omissions as in many cases, in this instance the marketers…
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