Insights & Regulatory Updates

SEC Charges Former Executives of Medly Health Inc. with Investor Fraud
SEC Enforcement Update K. Braeden Anderson SEC Enforcement Update K. Braeden Anderson

SEC Charges Former Executives of Medly Health Inc. with Investor Fraud

The Securities and Exchange Commission (SEC) recently charged three former executives of the now-defunct digital pharmacy startup Medly Health Inc. with defrauding investors in a scheme that raised over $170 million. The charges underscore the SEC’s continued focus on corporate malfeasance, particularly within startups seeking capital from investors.

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Former Broker Fined for Alleged Stock Hype in Client Emails: A Cautionary Tale for Advisors
FINRA Enforcement Update K. Braeden Anderson FINRA Enforcement Update K. Braeden Anderson

Former Broker Fined for Alleged Stock Hype in Client Emails: A Cautionary Tale for Advisors

On August 28, 2024, the Financial Industry Regulatory Authority (FINRA) announced the suspension and fining of Richard Joseph Jackson, a former broker, for allegedly engaging in misleading communications with clients regarding stock performance. This case underscores the critical importance of compliance with FINRA’s communication rules, particularly for financial professionals responsible for advising clients.

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