Name and Shame
Name and Shame

DOUGLAS A. ROTH REVIEW

Complaint
#5YDPH

This complaint was posted on NAS on 6th Jan, 2021 and is a permanent record located here: https://www.nameandshame.com/douglas-a-roth-5YCVN/excfo-of-failed-company-charged-for-insider-trading-id5ydph .

NameandShame Author
Stocks & Bonds News
4th Jan, 2021

Ex-CFO Of A Failed Company Charged For Insider Trading

Today, The Smart Investor Feed brings you another morally reprehensible fraud.


Douglas A. Roth has been seized/arrested by the U.S. Securities And Exchange Commission (SEC). Shocking right?


We weren’t expecting this as well, but these scammers are getting smarter by the minute, making it harder for us to identify.


Such swindlers seem to be booming in numbers lately. This case is kind of interesting, why don’t I show you why:

Full Report On Douglas A. Roth

The Securities and Exchange Commission has charged Douglas A. Roth, the former Chief Financial Officer of Aceto Corporation, with insider trading.


According to the SEC's complaint, filed on November 5, 2020, while working as Aceto's CFO, Roth obtained non-public information concerning several negative developments at Aceto, including poor sales and earnings for the quarter ending March 31, 2018, a pending impairment charge, consideration of discontinuing Aceto's dividend, and Aceto's negotiations with its creditors seeking an amendment or waiver of financial covenants that had been amended only months earlier. The complaint alleges that while in possession of this confidential information, and within days of his March 31, 2018 retirement, Roth sold all of the Aceto shares that vested upon his retirement, avoiding losses of more than $305,000.


The SEC's complaint, filed in U.S. District Court for the Eastern District of New York, charges Roth, a resident of East Northport, NY, with violations of the antifraud provisions of Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder, and seeks permanent injunctions, civil monetary penalties, and a bar from serving as an officer and director of a public company.


In a parallel action, the U.S. Attorney's Office for the Eastern District of New York today filed criminal charges against Roth.


Conclusion: Douglas A. Roth Is A Fraud

The report on SEC clearly suggests that Douglas A. Roth never had any intentions to do honest business or provide helpful services. Main intention behind all their actions was to take advantage of the honesty & gullibility of people and scam them. It would be an understatement to call this a mere fraud, this one is a scandal.


If you feel like you are a victim of this scam, then I recommend contacting a law firm and consulting with them about a lawsuit. Companies & firms pay huge reprimands to settle serious lawsuits.

Help Us Fight These Criminals

Do you have evidence against Douglas A. Roth or one of their associates, then please post it here. These criminals rely on their witnesses’ & victims’ silence, if you speak up, then they get exposed and punished for their horrific acts. I started The Smart Investor Feed on this site with only one purpose; to become a nightmare for the financial frauds in the country. I try to post often, so you can bookmark my profile for regular updates on frauds & con-artists.


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