{"id":1990,"date":"2017-11-18T18:37:59","date_gmt":"2017-11-19T00:37:59","guid":{"rendered":"https:\/\/www.institutionalinvestorsecuritiesblog.com\/?p=1990"},"modified":"2022-03-22T15:10:20","modified_gmt":"2022-03-22T20:10:20","slug":"sec-cases-biotech-company-accused-misleading-investors-accounting-fraud-millennium-management-resolves-illegal-short-selling-charges-day-trader-alleged-engaged-unauthorized-trades-ov","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/sec-cases-biotech-company-accused-misleading-investors-accounting-fraud-millennium-management-resolves-illegal-short-selling-charges-day-trader-alleged-engaged-unauthorized-trades-ov\/","title":{"rendered":"SEC Cases: Biotech Company Accused of Misleading Investors & Accounting Fraud, Millennium Management Resolves Illegal Short Selling Charges, Day Trader Alleged Engaged in Unauthorized Trades in Over 100 Brokerage Accounts, and Multiple Traders Allegedly Insider Traded Based on One Tip"},"content":{"rendered":"

\t\t\t\tDay Trader is Accused of Unauthorized Trades to Inflate Stock Prices and Make Illegal Profits<\/strong>
\nThe US Securities and Exchange Commission has filed civil charges against Joseph P. Willner accusing him of accessing over 100 brokerage accounts and making unauthorized trades<\/a>. Meantime, prosecutors in NY, as well as the US Justice Department, have filed criminal charges against him.<\/p>\n

The SEC contends that Willner used the allegedly unauthorized trades to inflate a number of companies\u2019 stock prices. He then traded in these same securities in his accounts and made at least $700K in illicit profits. <\/p>\n

Willner is accused of fraud and market rigging. The Commission wants back ill-gotten gains in addition to interest, penalties, and a permanent injunction.<\/p>\n

Continue Reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Day Trader is Accused of Unauthorized Trades to Inflate Stock Prices and Make Illegal Profits The US Securities and Exchange Commission has filed civil charges against Joseph P. Willner accusing him of accessing over 100 brokerage accounts and making unauthorized trades. Meantime, prosecutors in NY, as well as the US Justice Department, have filed criminal […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3811,3760,3761,3741],"tags":[],"class_list":["post-1990","post","type-post","status-publish","format-standard","hentry","category-insider-trading","category-sec-enforcement","category-securities-and-exchange-commis","category-securities-fraud"],"yoast_head":"\nSEC Cases: Biotech Company Accused of Misleading Investors & Accounting Fraud, Millennium Management Resolves Illegal Short Selling Charges, Day Trader Alleged Engaged in Unauthorized Trades in Over 100 Brokerage Accounts, and Multiple Traders Allegedly Insider Traded Based on One Tip — Investor Lawyers Blog — November 18, 2017<\/title>\n<meta name=\"description\" content=\"Day Trader is Accused of Unauthorized 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