The Securities and Exchange Commission today announced settled charges against New York-based registered investment adviser Hudson Valley Wealth Management Inc. and its founder, Christopher Conover, for breaching their fiduciary duties by failing to disclose conflicts of interest and making misleading statements to their clients. To settle the charges, Hudson Valley agreed...

A federal jury has convicted a Michigan doctor, Sophie Toya, M.D. today for causing the submission of over $6.3 million in fraudulent claims to Medicare for medically unnecessary orthotic braces ordered through a telemarketing scheme. according to reports and Court documents, Dr. Toya signed thousands of prescriptions for orthotic braces for over...

The Securities and Exchange Commission today charged Gibsonia, PA resident Frank T. Poerio, Jr. with insider trading for misappropriating material, nonpublic information concerning Dick’s Sporting Goods Inc. and trading on that information, realizing illegal profits of more than $800,000. According to the SEC’s complaint, between November 2019 and May...

The Securities and Exchange Commission today charged Gibsonia, PA resident Frank T. Poerio, Jr. with insider trading for misappropriating material, nonpublic information concerning Dick’s Sporting Goods Inc. and trading on that information, realizing illegal profits of more than $800,000. According to the SEC’s complaint, between November 2019 and May...

The Securities and Exchange Commission today charged Gibsonia, PA resident Frank T. Poerio, Jr. with insider trading for misappropriating material, nonpublic information concerning Dick’s Sporting Goods Inc. and trading on that information, realizing illegal profits of more than $800,000. According to the SEC’s complaint, between...

The Securities and Exchange Commission today charged Gibsonia, PA resident Frank T. Poerio, Jr. with insider trading for misappropriating material, nonpublic information concerning Dick’s Sporting Goods Inc. and trading on that information, realizing illegal profits of more than $800,000. According to the SEC’s complaint, between...

The United States Commerce Department has revoked certain licenses for exports to Huawei following the release of Huawei's first AI-enabled laptop, the MateBiook X Pro. This product is powered by Intel's new Core Ultra 9 processor, according to published reports. The Huawei's web site states "Powered by the Intel® Core™ Ultra...

Yuksel Senbol, of Orlando, pleaded guilty to 25 felony counts in Florida federal court, including conspiracy to defraud the United States, conspiracy to commit wire fraud, eight counts of wire fraud, conspiracy to commit money laundering, seven counts of money laundering, conspiracy to violate the Export Control Reform Act (ECRA), four...

The Securities and Exchange Commission today announced settled charges against Eastone Equities, LLC (“Eastone”), which funds and develops real estate projects, and its owner Kevin Yu, arising out of an unregistered offering of $1.4 million in promissory notes in 2019. According to the SEC’s order, the...

The Justice Depart is investigating TD Bank's internal controls after agents reveal New York New Jersey operations laundering hundreds of millions of dollars from Illicit drugs through TD and other banks and the Wall Street journal. https://www.wsj.com/articles/td-bank-probe-tied-to-laundering-of-illicit-fentanyl-profits-aae71243?mod=hp_minor_pos11 TD has also reported three other anti-money laundering investigations. In...