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Violation Tracker Individual Record

Company: Wellesley Holdings Limited et al.
Penalty: $21,000,000
Year: 2024
Date: November 20, 2024
Offense Group: financial offenses
Primary Offense: investor protection violation
Violation Description: The Securities and Exchange Commission announced that on November 14, 2024, the U.S. District Court for the Eastern District of New York entered a judgment against a United Kingdom resident and three entities in an SEC case alleging that they participated in a fraudulent scheme to profit from the manipulation and illegal sale of stock. Among other things, the four defendants were ordered to pay more than $11 million in total disgorgement and prejudgment interest and more than $10 million in total civil penalties.
Level of Government: federal
Action Type: agency action
Agency: Securities and Exchange Commission
Civil or Criminal Case: civil
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.