Whistleblower News: SEC Issues More Than $17M Award To A Whistleblower, Equitable Financial To Pay $50M Penalty To Settle SEC Charges That It Provided Misleading Account Statements To Investors
SEC Issues More than $17 Million Award to a Whistleblower
SEC
The Securities and Exchange Commission today announced an award of more than $17 million to a whistleblower who provided information and assistance in a covered action and related action. read more »
Equitable Financial To Pay $50 Million Penalty To Settle SEC Charges That It Provided Misleading Account Statements to Investors
SEC
The Securities and Exchange Commission today announced fraud charges against Equitable Financial Life Insurance Company for providing account statements to about 1.4 million variable annuity investors that included materially misleading statements and omissions concerning investor fees. Equitable agreed to pay $50 million to harmed investors, most of whom are public school teachers and staff members, to settle the charges. read more »
