US Securities and Exchange Commission targets SouthPeak
Do you hear that? It’s the Man, and he’s coming. SouthPeak Interactive made a filling with the United States Securities and Exchange Commission on November 19th which revealed that the publisher’s chairman Terry Phillips and CEO Melanie Mroz have both received Wells Notices (a notice sent when the staff of the SEC encourages enforcement action against a company). The action comes as a result of an investigation following an amended quarterly report by SouthPeak, after it was determined by management that there were problems with the books....