By Jeff Dale2023-08-08T19:09:00
The Securities and Exchange Commission (SEC) ordered a Florida-based fund administrator to pay more than $122,000 to settle allegations it missed red flags regarding a $39 million fraud.
Theorem Fund Services agreed to pay a $100,000 penalty, disgorgement of $18,000, and prejudgment interest of $4,271, the SEC announced in a press release Monday. The firm consented to cease and desist from further violations.
From approximately January 2018 through March 2019, Theorem served as the administrator for a Detroit-based hedge fund adviser shut down by the SEC in May 2022 for running a “Ponzi-like” scheme that included the misappropriation and misuse of investors’ funds.
2023-08-01T15:57:00Z By Kyle Brasseur
Broker-dealers complying with anti-money laundering/countering the financing of terrorism requirements put forward by the SEC must be mindful of the resources they are providing for their programs during the current heightened risk environment.
2023-07-21T15:37:00Z By Kyle Brasseur
Digital World Acquisition Corp. faces a penalty of $18 million as part of a settlement reached with the Securities and Exchange Commission regarding fraud allegations related to its dealings with Trump Media & Technology Group.
2023-07-17T17:54:00Z By Kyle Brasseur
Financial services firm Cantor Fitzgerald agreed to pay a $1.4 million penalty as part of a settlement with the Securities and Exchange Commission addressing alleged reporting failures.
2025-08-21T18:58:00Z By Oscar Gonzalez
The Federal Trade Commission filed a complaint against LA Fitness’ parent companies, citing difficulties canceling memberships, a month after a court blocked the agency’s click-to-cancel rule.
2025-08-20T21:22:00Z By Adrianne Appel
CVS’s Caremark division knowingly overcharged Medicare for prescription drugs and must pay nearly $290 million, a Pennsylvania federal judge has ordered.
2025-08-18T14:12:00Z By Oscar Gonzalez
The owner of a water machine vending company and a portfolio manager were allegedly behind a Ponzi-like scheme that raised more than $275 million, according to the U.S. Securities and Exchange Commission.
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