the SEC is trying :
1 minute readApril 18, 20221:37 PM CDTLast Updated 7 months ago
U.S. SEC charges 16 defendants in international 'pump and dump' plots
Reuters
The seal of the U.S. Securities and Exchange Commission (SEC) is seen at their headquarters in Washington, D.C.
People exit the headquarters of the U.S. Securities and Exchange Commission (SEC) in Washington, D.C.
[1/2] The seal of the U.S. Securities and Exchange Commission (SEC) is seen at their headquarters in Washington, D.C., U.S., May 12, 2021. REUTERS/Andrew Kelly/File Photo
WASHINGTON, April 18 (Reuters) - The U.S. Securities and Exchange commission (SEC) says it has charged 16 defendants with participating in multiyear penny stock schemes that generated more than $194 million in illicit proceeds.
The defendants, which include 15 individuals and one company, are located in the Bahamas, the British Virgin Islands, Bulgaria, Canada, the Cayman Islands, Monaco, Spain, Turkey and the United Kingdom, the SEC said in a statement.