SEC Sues Bulgarian Trader for EDGAR-Assisted Avon Stock Scheme
The SEC says it knows who was behind fake tender offers posted to its EDGAR database and is suing the Bulgarian man it claims is responsible. On June 4, the Commission filed a complaint in U.S. District Court against Nedko Nedev and firms he was associated with. He allegedly masterminded ...
THIS IS MEMBERS-ONLY CONTENT
You are not logged in and do not have access to members-only content.
If you are already a registered user or a member, SIGN IN now.
Related articles
-
Article
SEC renews its offensive against ‘fake news’
Fake news, in the eyes of the SEC, isn’t just a problem during election year. Over several decades, stock price manipulations have been predicated on rumors and hoaxes.
-
Article
How Do You Solve a Problem Like EDGAR?
Image: In a way, the person who submitted false filings to the SEC last month proposing a fictional takeover of Avon Products did the corporate filing community a favor: He reminded everyone how bad the SEC’s EDGAR filing database can be. Ideas to modernize EDGAR are many; ability to achieve ...
-
News BriefCFPB pullback signals further shift toward industry-friendly regulation
The U.S. Consumer Financial Protection Bureau continues to unravel amid pressure from Trump administration officials to shutter the agency. Not only has the agency informed its employees that it will no longer be a watchdog for the financial services industry, it has also laid off employees despite court orders blocking ...