Whistleblower News: SEC Charges Global Steel Pipe Manufacturer With Violating Foreign Corrupt Practices Act, SEC Charges Louisiana Town And Former Mayor With Fraud In Two Municipal Bond Deals, CFTC Charges Gemini Trust Company

SEC Charges Global Steel Pipe Manufacturer with Violating Foreign Corrupt Practices Act


The Securities and Exchange Commission today announced that Tenaris, a Luxembourg-based global manufacturer and supplier of steel pipe products, will pay more than $78 million to resolve charges that it violated the Foreign Corrupt Practices Act (FCPA) in connection with a bribery scheme involving its Brazilian subsidiary. read more »

SEC Charges Louisiana Town and Former Mayor with Fraud in Two Municipal Bond Deals


The Securities and Exchange Commission today charged the town of Sterlington, Louisiana and its former mayor, Vern A. Breland, as well as the town’s unregistered municipal advisor, Twin Spires Financial LLC, and its owner, Aaron B. Fletcher, with misleading investors in the sale of $5.8 million in municipal bonds across two offerings in 2017 and 2018. read more »

CFTC Charges Gemini Trust Company for Making Material False or Misleading Statements and Omissions to the Commission


The Commodity Futures Trading Commission today announced it has filed a complaint in the U.S. District Court for the Southern District of New York against Gemini Trust Company, LLC (Gemini), based in New York, N.Y., for making false or misleading statements of material facts or omitting to state material facts to the CFTC in connection with the self-certification of a bitcoin futures product. The CFTC seeks disgorgement of ill-gotten gains, civil monetary penalties, injunctions relating to registration and trading, and an injunction against further violations of the Commodity Exchange Act (CEA), as charged. read more »