In a jointly issued investor alert, the SEC Office of Investor Education and Advocacy, the North American Securities Administrators Association and FINRA warned investors of the increased risks of fraud involving "the purported use of artificial intelligence and other emerging technologies."
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A Colombia-based financial holding company and its merchant bank subsidiary resolved separate SEC and DOJ charges for bribery in connection with a highway construction project.
The SEC and the DOJ charged three executives of a shipbuilding company for fraudulently overstating revenues and earnings to investors.
A bank holding company entered into a plea agreement for filing false securities statements as to its initial public offering and subsequent annual filings.
The DOJ announced that a District of Oregon grand jury charged four founders of a decentralized finance cryptocurrency investment platform with wire fraud for having allegedly perpetuated a crypto-related Ponzi and pyramid scheme that raised approximately $340 million from investors.