The SEC charged the former CEO and president of a Nasdaq-traded security technology company and three other individuals in a fraudulent broker bribery scheme. The DOJ filed charges against one of the individuals in a parallel action.
The former president of a penny stock company consented to a permanent ban from serving as a public company officer. The SEC alleged that he made misrepresentations in an attempt to pump up the value of his company's stock.
In order to settle SEC charges of defrauding investors, the former town attorney and deputy supervisor of Oyster Bay, Long Island, agreed to a permanent injunction from participating in municipal securities offerings.