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SEC Charges Four Companies With Misleading Cyber Disclosures
Introduction to the SEC‘s Recent Cybersecurity Charges The Securities and Exchange Commission (SEC) recently announced charges against four major corporations: Unisys Corp., Avaya Holdings Corp., Check Point Software Technologies Ltd, and Mimecast Limited. These companies were accused of making materially misleading disclosures regarding cybersecurity risks and incidents. Additionally, Unisys faced […]
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Sallah Astarita & Cox LLC obtains $12 Million Whistleblower Award
SEC Awards $12 Million to Whistleblowers Exposing Penny Stock Fraud Last week, the Securities and Exchange Commission (SEC) awarded $12 million to three whistleblowers who provided crucial information leading to the agency’s enforcement action against a penny stock fraud operation. This high-profile case underscores the SEC’s commitment to combating financial […]
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SEC Charges DraftKings with Selectively Disclosing Nonpublic Information Via CEO’s Social Media Accounts
The Securities and Exchange Commission (SEC) recently charged DraftKings Inc. with a significant violation of Regulation Fair Disclosure (FD) for selectively sharing nonpublic information. The violation occurred when material information was disclosed via social media platforms, resulting in a $200,000 civil penalty. This article delves into the SEC charges against […]
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SEC Charges Multiple Individuals and Entities in Relationship Investment Scams
By Mark J. Astarita, Esq. SEC Charges in Crypto Fraud Cases: NanoBit and CoinW6 Scams Unveiled Despite my decades of representing investors, financial professionals, and their firms, there is a case that surprises me every so often. This case starts like many others. The SEC filed a case against five […]
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SEC Proposes Joint Data Standards Under the Financial Data Transparency Act of 2022
Streamlining Financial Data: SEC Proposes Joint Data Standards In a significant step towards enhancing financial data transparency, the Securities and Exchange Commission (SEC) has proposed joint data standards under the Financial Data Transparency Act of 2022. This move aims to establish technical standards for data submitted to various financial regulatory […]
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SEC Charges Founder of Social Media Company “IRL” with $170 Million Fraud
SEC Charges Abraham Shafi with Fraudulent Activities at Get Together Inc. The SEC’s Allegations Against Abraham Shafi The SEC has charged Abraham Shafi, the founder and former CEO of Get Together Inc., a social media startup known as “IRL.” Shafi is accused of defrauding investors by making false and misleading […]
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What is Securities Arbitration?
Securities arbitration has become the most often-used method of resolving disputes in the securities industry. Since the late 1970’s, FINRA and its predecessors have required brokerage firms and stock brokers into securities arbitration to resolve their disputes with each other, and with their customers. That requirement led to brokerage firms […]
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Understanding the SEC Whistleblower Program
A look into the workings of the SEC Whistleblower Program. Is it any surprise that Whistleblowers who are represented by securities attorneys might do better presenting tips than those who are represented by non-securities attorneys? What is the SEC Whistleblower Program? The SEC Whistleblower Program is a vital component […]
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SEC Charges Private Equity Firm Prime Group for Inadequate Disclosure of Fees Paid to Affiliate
The SEC has taken action against Prime Group Holdings LLC, a private equity firm specializing in alternative real estate assets. The SEC’s charges revolve around the firm’s failure to provide adequate disclosure concerning substantial real estate brokerage fees paid to an affiliate, owned by Prime Group’s CEO.
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Impact Theory Charged by SEC for Unregistered Offering of Crypto Asset Securities
The Securities and Exchange Commission (SEC) has taken action against Impact Theory, LLC, a prominent media and entertainment company headquartered in Los Angeles. The SEC has charged the company with engaging in an unregistered offering of crypto asset securities through purported non-fungible tokens (NFTs). Impact Theory managed to accumulate approximately […]
Recent Posts
Whistleblowers
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Sallah Astarita & Cox LLC obtains $12 Million Whistleblower Award
October 21, 2024SEC Awards $12 Million to Whistleblowers Exposing Penny Stock Fraud Last week, the Securities and Exchange Commission (SEC) [...] -
SEC Issues Awards Totaling $98 Million to Two Whistleblowers
August 23, 2024The SEC‘s Landmark Whistleblower Awards The Securities and Exchange Commission (SEC) recently made headlines by awarding [...] -
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, a [...]
- Record-Breaking SEC Whistleblower Awards: $104 Million Rewarded to Seven Individuals
- Inside the SEC Whistleblower Office
- SEC Awards More Than $104 Million to Seven Whistleblowers
Cryptocurrency
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SEC Charges Nader Al-Naji with Fraud and Unregistered Offering of Crypto Asset Securities
July 30, 2024Unveiling the Allegations: Fraudulent Crypto Scheme The Securities and Exchange Commission (SEC) has charged Nader Al-Naji with [...] -
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
- SEC Halts Utah-Based Crypto Asset Fraud Scheme Involving 18 Defendants
- Impact Theory Charged by SEC for Unregistered Offering of Crypto Asset Securities
Enforcement
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Understanding SEC Investigations: Process, Defense, and Legal Tips
July 27, 2024By Mark Astarita, Sallah Astarita & Cox, LLC Introduction
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 Do you need an SEC Investigation Attorney? The answer is probably yes, since facing an SEC [...]Arbitration
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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 [...]
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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
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SEC Charges Multiple Individuals and Entities in Relationship Investment Scams
September 18, 2024By Mark J. Astarita, Esq. SEC Charges in Crypto Fraud Cases: NanoBit and CoinW6 Scams Unveiled Despite my decades of representing [...] -
9 Proven Strategies for Defending an SEC Investigation
July 8, 2024Defending an SEC Investigation Do you need an SEC Investigation Attorney? The answer is probably yes, since facing an SEC [...] -
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?
- Defending FINRA Investigations
- Securities Arbitration Overview-2023 Update
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