Close

Are you in compliance?

Don't miss out! Sign up today for our weekly newsletters and stay abreast of important GRC-related information and news.

×

Status message

Start your free, no obligation 5-day trial to continue exploring with full access.

Senator Presses SEC on Fake EDGAR Filings

Joe Mont | May 29, 2015

In a letter to Securities and Exchange Commission Chair Mary Jo White this week, Sen. Chuck Grassley (R-Iowa), chairman of the Senate Judiciary Committee, is demanding more information on fake filings that made their way onto the agency’s Electronic Data Gathering, Analysis, and Retrieval (EDGAR) system. At least two fake corporate takeover bids have used the agency’s public database to spread stock-price-affecting misinformation.

“This pattern of fraudulent conduct is troubling, especially in light of the relative ease in which a fake posting can be made,” Grassley wrote.

On May 14, at approximately 11:30 a.m., PTG Capital Partners, purportedly a London-based private equity firm, disclosed in a regulatory filing...

Read this single article for $49, or click the subscribe button below to review subscription options.

Enjoy unlimited access to thousands of articles, browse five years of digital magazines, qualify for reduced admission to events, and more.