BOSTON, June 23, 2022 /PRNewswire/ -- Pugsley Wood LLP ("Pugsley Wood"), one of the nation's foremost law firms dedicated to representing SEC whistleblowers, is pleased to announce that the SEC recently granted awards to its clients in connection with three separate enforcement actions.
Pugsley Wood's clients provided information that ended three independent fraudulent schemes targeting retail investors. "Our clients refused to look the other way when they saw unlawful conduct," stated Pugsley Wood Partner Bryan Wood. "We applaud their efforts to stop the victimization of a highly vulnerable class of investors."
The first matter involved a registered investment advisor who marketed phony investments to unsophisticated investors. The SEC noted that Pugsley Wood's clients were entitled to a maximum award for "help[ing] focus [an SEC] investigation," which ultimately led to civil and criminal charges based in part on their information.
A second Pugsley Wood client reported an unregistered securities offering involving cannabis production that raised tens of millions of dollars from hundreds of retail individuals. The SEC granted the individual a 30% award for providing "important, new information in the form of documents and analysis that assisted the Commission's investigation."
Finally, a Pugsley Wood client blew the whistle on a fraudulent oil and gas fund marketed to main street investors, receiving an award for "provid[ing] a roadmap [of the fraud] for the investigative...
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