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Walgreens Revealed As Investor In Subsidiary Of Health Insurance Company Under Federal Investigation

Walgreens Revealed As Investor In Subsidiary Of Health Insurance Company Under Federal Investigation The pharmacy giant has been steering its customers towards SeekMedicare, which is under scrutiny from both the Department of Justice and the Securities and Exchange Commission. #seclaw #securitieslawyer #securitiesattorney https://www.forbes.com/sites/katiejennings/2021/02/12/walgreens-revealed-as-investor-in-insurance-company-under-federal-investigation/

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Citibank’s $500 Million Error

According to CNN, Citibank, acting as Revlon’s loan agent, accidently wired 100 times more than it intended, to Revlon’s lenders. Some returned the money, others did not, and applied the funds to Revlon’s loans. Citibank sued, and lost.  Typically, mistaken payments and transfers returned to the payor. But in this […]

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Reddit Trader Roaring Kitty Accused Of Fraud In The Latest Wild Lawsuit Coming Out Of GameStop Saga

Reddit Trader Roaring Kitty Accused Of Fraud In The Latest Wild Lawsuit Coming Out Of GameStop Saga One of Reddit’s most outspoken WallStreetBets traders is being sued for alleged securities fraud. #securitiesattorney #securitieslaw #securitieslawyer https://www.forbes.com/sites/jonathanponciano/2021/02/17/gamestop-saga-reddit-trader-roaring-kitty-accused-of-fraud-in-the-latest-wild-lawsuit/

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Disney Cases Spotlights Danger, Roadmap for Whistleblowers

  Sandra Kuba, a senior financial analyst who has been with The Walt Disney Co. for nearly two decades, reported billions of dollars of alleged financial irregularities, and accused the financial arm of the publicly-traded entity of harassment and retaliation after she spoke out. And now attorney James Sallah, partner […]

Brokers Compliance News

Review Your WSPs – Subpoenas are Coming

The authority to open SEC investigations, and therefore to issue subpoenas, was expanded under the Obama Administration to the director of Enforcement, rather than solely to the Commission itself. The Director of Enforcement then delegated that authority to various senior officials, including regional and associate directors and specialized unit chiefs. […]

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Gamestop Frenzy Investigations

Financial press sources are reporting that the Justice Department’s fraud section and the U.S. attorney’s office are seeking information about the activity from brokers and social-media companies that were hubs for the trading frenzy. Last week we posted that the SEC and prosecutors would open investigations into the trading in […]