The Securities and Exchange Commission said Friday a federal court in Northern California approved a settlement with Steven Neil, the former chief financial officer of Diamond Foods, Inc.
A former adjunct professor at the Columbia Business School and the co-founder, chief executive, and principal owner of a software company was arrested Friday on securities and wire fraud charges for an alleged scheme to defraud about 30 investors of $3 million dollars.… Continue Reading
Chinese companies that listed securities on U.S. stock exchanges have been hit hard by shareholder actions. Not all of the suits involve allegations of FCPA offenses, but many do.
It’s not an FCPA case.
But it is the first bounty paid to a whistleblower by the SEC under the 2010 Dodd-Frank Act.
The SEC said last month it will pay about $50,000 to a whistleblower who helped ‘stop a multi-million dollar fraud.’… Continue Reading