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NAIC names Beal as acting CEO after Consedine’s resignation

March 24, 2023 by Russell Gray

The National Association of Insurance Commissioners named Andrew Beal to be acting CEO after Michael Consedine’s resignation. Beal is the COO and chief legal officer of the Kansas City-based organization, and he was elevated at the recent national meeting in Louisville, the NAIC said in a release. Beal will helm the group as it begins to implement its 2023-2025 strategic plan. The release did not provide an update on the search for a successor. Consedine announced his resignation earlier this…

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Pawn shop operator pleads guilty to $3M scheme to sell stolen goods on eBay

March 17, 2023 by Russell Gray

Frank J. Santa Maria could get 10 years in federal prison after pleading guilty to receiving more than 100,000 goods he knew were stolen and selling them on eBay.

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SelectQuote avoids delisting by NYSE, even without planned stock split

March 3, 2023 by Russell Gray

SelectQuote Inc. stock has regained enough health to avoid delisting by the New York Stock Exchange — even without deploying a planned reverse stock split. The Overland Park-based company (NYSE: SLQT) received notice from the NYSE on Wednesday that it had regained compliance with the exchange’s minimum stock price requirement, SelectQuote said in a Thursday release. As of Tuesday, the shares’ 30-day trading average had topped $1. In October, the NYSE informed the insurance sales company it…

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Business owner in Peculiar gets federal prison for tax evasion

March 3, 2023 by Russell Gray

Jason Rigoli didn't file or pay taxes for eight years, in addition to commingling business and personal funds, keeping few books on his construction business and lying to federal agents. As a result, he'll spend 366 days in prison.

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Digital Ally avoids delisting by Nasdaq over flat stock price

February 24, 2023 by Russell Gray

Digital Ally avoided being delisted by Nasdaq for chronically low share prices, partly by conducting a 1-for-20 reverse stock split, which immediately goosed the price above the $1 minimum threshold.

Filed Under: Uncategorized

Digital Ally avoids delisting by Nasdaq over flat stock price

February 24, 2023 by Russell Gray

Digital Ally avoided being delisted by Nasdaq for chronically low share prices, partly by conducting a 1-for-20 reverse stock split, which immediately goosed the price above the $1 minimum threshold.

Filed Under: Uncategorized

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