Action against Defendants, a stock research firm and its co-founders, for alleged fraud against investors. According to the SEC, Defendants published reports on issuers while falsely claiming that they had not been compensated by the issuers and did not trade in the issuers’ stocks. The SEC alleges that Defendants did in fact trade in the issuers’ stocks and had been paid by the issuers to publish the reports.

SEC Litigation Release 

SEC Complaint