About: ILG

On Mar. 19, SEC announced largest whistleblower award of $83mn. Highest-ever Dodd-Frank awards, with two whistleblowers sharing nearly $50mn and a third whistleblower receiving over $33mn, The previous high was $30mn paid in 2014, Provided significant information, enabled SEC to pursue, remedy serious violation, Hope to encourage others with specific, high-quality information to report to SEC. Law Firm Statement…

On Mar. 15, FINRA fined Puma Capital $70k for AML penny stock. Puma Capital fined and required to certify compliance with Bank Secrecy Act. FINRA Rule 3310, S. 5 of Securities Act. distribution of unregistered securities. Alleged Violations Lacked an efficient AML program designed to achieve and monitor compliance. Did not report potentially suspicious activity…

On Mar.14, SEC charged former Equifax CIO with insider trading. Jun Ying traded in advance of Sep. 2017 announcement of massive data breach. Breach exposed SSNs and personal information of about 148mn firm customers. Ying exercised all his stock options, and then sold shares, reaping nearly $1mn. By selling before public disclosure of breach, Ying…

On Mar. 9, SEC barred penny stock executive pumping stocks. SEC barred Robert Ritch, president of a penny stock company from future role. Blocked from serving as a public company officer or director, after was caught making false and misleading statements, about penny companies to investors. Such statements were made to increase demand for his company's…

On Mar. 8, SEC fined Merrill $1.17mn for unregistered securities. Bank failed to perform gatekeeping on behalf of China-based issuer and affiliates. Dealer has duty to inquire and know customer, before making unregistered sales. Alleged violations Re 3mn shares sold of Longtop Financial Technological securities despite red flags. Failures to perform gatekeeping functions, in the…