MIL-OSI USA: SEC Charges Firm and Five Brokers with Violations of Reg BI foreignaffairs.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from foreignaffairs.co.nz Daily Mail and Mail on Sunday newspapers.
<p><span>The Securities and Exchange Commission today announced settled charges and an $18 million penalty against Baxter International Inc. for engaging in improper intra-company foreign exchange transactions that resulted in the misstatement of the company’s net income. The SEC also announced settled charges against Baxter’s former treasurer and assistant treasurer, Scott Bohaboy and Jeffrey Schaible, respectively, for their misconduct related to these transactions.</span></p>
Litigation Release No. 25014 / January 21, 2021
Securities and Exchange Commission v. Geoffrey Thompson, Civil Action No. 1:20-cv-05205 (N.D. Ill filed September 3, 2020)
The Securities and Exchange Commission today announced that recidivist securities law violator Geoffrey Thompson agreed to a permanent, conduct-based injunction and to pay more than $540,000 to settle the SEC s charges that he conducted illegal securities offerings. The U.S. District Court for the Northern District of Illinois entered a final judgment against Thompson on January 20, 2021.
The SEC s complaint, filed September 3, 2020, alleged that Thompson and his company, Covalent Collective, Inc., raised more than $19 million from approximately 500 investors through unregistered securities offerings for which no exemption from registration applied. As alleged in the complaint, Thompson used numerous mechanisms to solicit investors, including providing investors video and audio recordings in which Thompson enco