SEC v. Brett Rosen

Brett Rosen allegedly engaged in a fraudulent scheme in which he used social media to promote Solar’s stock, while simultaneously making massive, undisclosed sales of their own Solar stock at enormous profits, according to the SEC’s complaint. Deborah Braun, the co-owner of RB Capital, allegedly provided substantial assistance to Rosen and RB Capital in carrying out their fraudulent scheme, including by tracking their sales of Solar stock. David M. Massey, Solar’s then-CEO, allegedly directed Solar to issue a press release falsely claiming that Solar had secured a $10 million line of credit with a large national bank.

Summary generated from official Securities and Exchange Commission press release