-
SEC Charges Intercontinental Exchange and New York Stock Exchange with Cyber Intrusion Failure
Background of the Cyber Intrusion Incident The Securities and Exchange Commission (SEC) announced that Intercontinental Exchange, Inc. (ICE) will pay a $10 million penalty. This penalty is due to ICE’s failure to ensure nine of its subsidiaries, including the New York Stock Exchange, promptly informed the SEC of a cyber […]
-
SEC Investor Advisory Committee to Examine the New Frontier for Investment Advice and Discuss AI Regulation at June 6 Meeting
Washington D.C., May 31, 2024 — The Securities and Exchange Commission’s Investor Advisory Committee will hold a virtual public meeting on June 6, 2024, at 10 a.m. ET. The meeting will be webcast on the SEC website. The committee will host two panels: Examining the New Frontier for Investment Advice; […]
-
SEC Releases Comprehensive Investment Adviser Statistics Report
May 15, 2024 — The SEC staff has released a new report on Investment Adviser Statistics. This report, based on aggregated data filed by investment advisers on Form ADV, will be updated annually. It provides the public with valuable insights into the investment advisory industry, covering aspects such as business […]
-
SEC Charges Audit Firm BF Borgers and Its Owner with Massive Fraud Affecting More Than 1,500 SEC Filings
Washington D.C., May 3, 2024 —The Securities and Exchange Commission today charged audit firm BF Borgers CPA PC and its owner, Benjamin F. Borgers (together, “Respondents”), with deliberate and systemic failures to comply with Public Company Accounting Oversight Board (PCAOB) standards in its audits and reviews incorporated in more than […]
-
SEC Missteps in the Debt Box Case
Two SEC Attorneys Resign The SEC’s Juridical Blunders The SEC encountered severe criticism following actions perceived as excessively authoritarian in its regulatory endeavors. These actions precipitated a legal reproach and subsequent resignations from the agency, highlighting the contentious and challenging landscape of regulatory practices within the nascent realm of cryptocurrency. […]
-
Is the SEC Illegally tracking Americans who invest in the stock market?
The New Civil Liberties Alliance (NCLA) thinks so. It filed suit on uesday against the SEC claiming that the agency, through its “Consolidated Audit Trail,” or “CAT,” program, is collecting mass amounts of personally identifiable data by forcing brokers, exchanges, clearing agencies and alternative trading systems to capture and send […]
-
SEC Issues Second Fee Rate Advisory for Fiscal Year 2024
The Securities and Exchange Commission today announced that, starting on May 22, 2024, the fee rates applicable to most securities transactions will be set at $27.80 per million dollars. Consequently, each self-regulatory organization will continue to pay the Commission a rate of $8 per million for covered sales occurring on […]
-
Exploring the Future of Asset Management: Insights from the SEC’s Upcoming Conference
The Securities and Exchange Commission’s Division of Investment Management is gearing up to host its much-anticipated second annual Conference on Emerging Trends in Asset Management. Scheduled for Thursday, May 16, 2024, this event promises to be a cornerstone for professionals from various sectors within the asset management industry, including regulators […]
-
Senvest Management: Navigating Compliance Challenges and Enhancing Ethics in Investment Advisory
The role of registered investment advisers is paramount in the realm of financial oversight and regulatory compliance. Among the myriad challenges these entities face, maintaining rigorous adherence to recordkeeping and ethical standards is perhaps the most pivotal. This is exemplified in the recent case involving Senvest Management LLC, a notable […]
-
SEC Attempts to Expand Insider Trading Liability
They continue to attempt to expand insider trading prohibitions and to do so by bringing lawsuits based on new theories rather than by legislation. The SEC‘s lawsuit against Matthew Panuwat, a former executive at Medivation Inc., centers on allegations of insider trading termed “shadow trading.” This case, unfolding in San […]
Recent Posts
Whistleblowers
-
Understanding the SEC Whistleblower Program
July 20, 2024A look into the workings of the SEC Whistleblower Program. Is it any surprise that Whistleblowers who are represented by [...] -
SEC Whistleblower Award: A $37 Million Milestone
July 17, 2024The SEC has granted over $37 million to a whistleblower. This individual provided previously unknown information to the [...] -
Supreme Court Upholds Corporate Whistleblower Protections
February 9, 2024February 8. 2024 – The U.S. Supreme Court issued a unanimous ruling holding that whistleblowers do not need to prove that [...] -
Monolith Resources Settles SEC Charges Violating Whistleblower Protection Rules
September 8, 2023Sept. 8, 2023 — The Securities and Exchange Commission (SEC) has announced settled charges against Monolith Resources LLC, [...] -
Record-Breaking SEC Whistleblower Awards: $104 Million Rewarded to Seven Individuals
September 4, 2023Introduction In a groundbreaking development, the SEC has made history by awarding over $104 million to seven whistleblowers. [...] -
Inside the SEC Whistleblower Office
August 14, 2023An insightful look into the workings of the SEC Whistleblower Program. The Wall Street Journal presents an article that [...]
- SEC Awards More Than $104 Million to Seven Whistleblowers
- SEC Awards More Than $12 Million to Two Whistleblowers
- SEC Awards More Than $12 Million to Two Whistleblowers
Cryptocurrency
-
SEC Missteps in the Debt Box Case
April 28, 2024Two SEC Attorneys Resign The SEC’s Juridical Blunders The SEC encountered severe criticism following actions perceived as [...] -
Genesis Agrees to Pay $21 Million Penalty to Settle SEC Charges
March 20, 2024Genesis Global Capital Fined $21 Million for Unregistered Crypto Lending Genesis Global Capital, LLC has been hit with a hefty [...] -
SEC Charges Founder of American Bitcoin Academy Online Crypto Course with Fraud Targeting Students
February 2, 2024The Securities and Exchange Commission (SEC) has stepped forward to address a notable issue. This situation serves as a stark [...]
- SEC Halts Utah-Based Crypto Asset Fraud Scheme Involving 18 Defendants
- Impact Theory Charged by SEC for Unregistered Offering of Crypto Asset Securities
- SEC lawyers learned ‘nothing’ from Ripple case
Enforcement
-
What is Securities Arbitration?
July 20, 2024Securities arbitration has become the most often-used method of resolving disputes in the securities industry. Since the late [...]
-
9 Proven Strategies for Defending an SEC Investigation
July 8, 2024Defending an SEC Investigation Facing an SEC investigation can be intimidating for individuals or organizations, and defending [...] -
Federal Securities Law, a Securities Lawyer Guide
June 20, 2024Arbitration
-
What is Securities Arbitration?
July 20, 2024Securities arbitration has become the most often-used method of resolving disputes in the securities industry. Since the late [...]
-
What Does a Securities Lawyer Do?
July 8, 2024Mark J. Astarita, Esq. is a nationally recognized securities attorney, representing clients in securities investigations, [...] -
SEC Investor Advocate’s Recommendations on Arbitration and Index-Linked Annuities
December 5, 2023Washington D.C., Dec. 5, 2023 — In a move towards transparency and investor empowerment, the Securities and Exchange [...]
- Arbitration Claims Filed Against Stifel Broker Chuck Roberts
- Securities Arbitration Overview-2023 Update
- Tips for a Successful Securities Mediation
Featured Articles
-
9 Proven Strategies for Defending an SEC Investigation
July 8, 2024Defending an SEC Investigation Facing an SEC investigation can be intimidating for individuals or organizations, and defending [...] -
Federal Securities Law, a Securities Lawyer Guide
June 20, 2024The SEC, FINRA, the States, and much more Introduction The history of securities regulation and federal securities law is well [...]
-
Understanding What is a Security?
January 6, 2024A security is a form of ownership in an entity. While some believe that in order to be a security the instrument must be traded [...]
-
Search SECLaw.com
SECLaw Primers
- Expungement of Customer Complaints
- Introduction to Blue Sky Laws
- Finders Explained – Be Careful
- The Firm’s Lawyer or Your Own Lawyer?
- Hearing Hearing
- What is Securities Law?
- Securities Attorney
- Responding to a Wells Notice
- Can I Take My Client Information When I Leave My Firm?
- Can a Non-Citizen Be An Accredited Investor?
- What is a Ponzi Scheme
- SEC Subpoena, FINRA OTR – What do I do?
- Can The SEC Bring Criminal Charges?
- OTC Markets
- What is FINRA
Disclaimer
The information on this website is for general information purposes only and may be considered attorney advertising. Nothing on this site should be taken as legal advice for any individual case or situation. This information is not intended to create, and receipt or viewing does not constitute, an attorney-client relationship.
Sallah Astarita & Cox – National Securities Arbitration and Litigation Attorneys
Visit The Securities Lawyer
More Blog Posts at The Securities Law Blog
Follow us on Twitter
Follow us on Facebook
For more news and information, visit our companion site The Securities Law Blog