By Jeff Dale2023-09-28T17:45:00
Texas-based cybersecurity company Intrusion was charged with fraud by the Securities and Exchange Commission (SEC) regarding alleged materially false and misleading statements made by its former chief executive.
The company consented to the entry of a final judgement in reaching settlement, the SEC announced in a litigation release Tuesday. The settlement, which is pending court approval, calls for permanent injunctions against Intrusion.
From May 2020 through May 2021, Intrusion made materially false and misleading statements in press releases, earnings calls, interviews, and other public statements, the SEC alleged in its complaint, filed in U.S. District Court for the Eastern District of Texas.
2024-06-28T14:57:00Z By Aaron Nicodemus
The Supreme Court of the United States ruled that the Securities and Exchange Commission’s practice of using in-house tribunals overseen by an administrative judge to adjudicate securities fraud cases is unconstitutional.
2023-09-27T18:15:00Z By Kyle Brasseur
Hyzon Motors, a global supplier of hydrogen fuel cell-powered heavy vehicles, was assessed a $25 million penalty by the Securities and Exchange Commission in agreeing to settle charges it and its former executives misled investors regarding the sales of its vehicles.
2023-09-13T15:56:00Z By Kyle Brasseur
Yieldstreet and its investment adviser affiliate agreed to pay more than $1.9 million as part of a settlement with the Securities and Exchange Commission addressing allegations the firm did not disclose heightened risks regarding a $14.5 million asset-backed securities offering.
2025-07-11T21:14:00Z By Oscar Gonzalez
The U.S. Department of Justice arppoved T-Mobile’s acquisition of competitor UScellular. The move came a day after T-Mobile announced it had dropped its diversity, equity, and inclusion programs, a frequent target for Trump’s administration.
2025-07-11T19:43:00Z By Aaron Nicodemus
The state of Florida is investigating Robinhood Crypto for falsely claiming it charges the lowest fees for processing crypto transactions.
2025-07-09T18:02:00Z By Adrianne Appel
CVS has vowed to appeal $948.8 million in fines and damages imposed by a judge Tuesday on its Omnicare unit, for billing Medicare for tens of thousands of false claims.
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