SEC Awards Over $18 Million to Whistleblower

SEC

The Securities and Exchange Commission today announced an award of more than $18 million to a whistleblower whose significant information prompted an examination that resulted in an important enforcement action. The whistleblower repeatedly reported the problem internally before contacting the SEC.  read more »

Luckin Coffee delays annual filing amid accounting probes

REUTERS

Luckin Coffee Inc. said on Wednesday it would not file its annual financial report on time as it was dealing with investigations into hundreds of millions of dollars worth of fabricated sales. read more »

SEC announces charges against Praxsyn over claims relating to N95 masks amid coronavirus pandemic

MARKETWATCH

The Securities and Exchange Commission continued its crackdown on companies making false claims relating to tests, treatments or equipment for COVID-19 on Tuesday, by bringing charges against Praxsyn Corp. and its chief executive over false statements about N95 masks. read more »