By: Mark J. Astarita, Esq. Defending an SEC Investigation Do you need an SEC Investigation Attorney? The answer is probably yes, since facing an SEC investigation can be intimidating for individuals or organizations, and defending against it requires expertise and insight. The SEC is a powerful regulatory entity that can […]
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Enforcement, News
SEC Charges Investment Adviser and Two Officers for Misuse of Fund and Portfolio Company Assets
SEC Takes Action Against Investment Adviser and Executives Over Misappropriation of Assets Washington, D.C., March 7, 2025 – The Securities and Exchange Commission (SEC) has announced settled charges against registered investment adviser Momentum Advisors LLC, along with its former managing partner Allan J. Boomer and former chief operating officer Tiffany […]
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Corp Finance
SEC Enhances EDGAR System Security with New Filer Management Dashboard
SEC Introduces EDGAR Next to Streamline Access and Security Washington, D.C., March 6, 2025 – The Securities and Exchange Commission (SEC) has launched comprehensive guidance and resources to assist filers in navigating upcoming access and account management enhancements to the Electronic Data Gathering, Analysis, and Retrieval (EDGAR) system. Starting March […]
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Investors
SEC Extends Compliance Dates for Amendments to Investment Company Names Rule
SEC Grants Six-Month Extension for Fund Name Compliance Deadlines Washington, D.C., March 14, 2025 – The Securities and Exchange Commission (SEC) has announced a six-month extension for compliance with the Investment Company Act “Names Rule” amendments. Originally adopted in September 2023, these amendments aim to prevent misleading fund names that […]
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Enforcement
SEC Charges Investment Adviser and Firm for Fraud and Breaching Fiduciary Duties
The Securities and Exchange Commission (SEC) has filed charges against David Yow Shang Chiueh, an investment adviser based in East Hanover, New Jersey, along with his firm, Upright Financial Corp. The charges stem from multiple violations, including excessive investment concentration and fraudulent activities that led to significant financial losses for […]
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Corp Finance
SEC Small Business Advisory Committee to Continue Discussing Challenges Facing Emerging Fund Managers, and Explore Hurdles for Small Public Companies Not Listed on a National Securities Exchange
Here’s your SEO-optimized, rewritten article: SEC Small Business Capital Formation Advisory Committee Announces February 2025 Meeting Washington, D.C., January 30, 2025 — The Securities and Exchange Commission (SEC) Small Business Capital Formation Advisory Committee has unveiled the agenda for its upcoming meeting on February 25, 2025. This session will focus […]
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Enforcement
SEC Charges Three Senior Executives in Two Actions Alleging Massive Bribery Scheme Involving Indian Energy Companies Adani Green and Azure Power
The Securities and Exchange Commission today charged Gautam Adani and Sagar Adani, executives of Adani Green Energy Ltd., and Cyril Cabanes, an executive of Azure Power Global Ltd., for conduct arising out of a massive bribery scheme. According to the… SEC Press Release
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Enforcement
SEC Charges Ken Leech, Former Co-Chief Investment Officer of Western Asset Management Co., with Fraud
The Securities and Exchange Commission today announced fraud charges against Stephen Kenneth (“Ken”) Leech, the former co-chief investment officer (CIO) of registered investment adviser Western Asset Management Company LLC or WAMCO, for engaging in a… SEC Press Release
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News, Whistleblower
Sallah Astarita & Cox 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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Whistleblower
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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Brokers, Compliance, Enforcement
SEC Division of Examinations Announces 2025 Priorities
2025 SEC Examination Priorities: A Comprehensive Overview for Investors and Registrants The Securities and Exchange Commission (SEC) has unveiled its examination priorities for 2025, setting the agenda for monitoring compliance and mitigating risks in U.S. capital markets. This annual update informs investors, registrants, and financial institutions about the key focus […]
Recent Posts
Whistleblowers
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Understanding the SEC Whistleblower Program
January 15, 2025A look into the workings of the SEC Whistleblower Program. Is it any surprise that Whistleblowers who are represented by [...] -
Sallah Astarita & Cox 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 [...] -
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
Compliance
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Extension of Form PF Amendments Compliance Date
January 29, 2025The Securities and Exchange Commission, together with the Commodity Futures Trading Commission (CFTC), extended the compliance [...] -
Advisers Settle SEC Charges for Acting as Unregistered Brokers
January 26, 2025SEC Takes Action Against VCP Financial and Investment Advisers for Regulatory Violations Investment Advisers Caught Selling [...] -
An SEC Subpoena, FINRA OTR. 2025 Update.
January 1, 2025By Mark J. Astarita, Esq. Understanding the implications of an
What Happens If I Ignore an SEC Subpoena?
December 8, 2024Anyone who follows our blog or website knows one thing. The SEC Enforcement Division is getting tougher on financial firms. [...]
SEC Division of Examinations Announces 2025 Priorities
October 22, 20242025 SEC Examination Priorities: A Comprehensive Overview for Investors and Registrants The Securities and Exchange Commission [...]SEC Adopts Rule to Update Definition of Qualifying Venture Capital Funds
August 22, 2024SEC Adopts New Rule Increasing Threshold for Venture Capital Funds The Securities and Exchange Commission (SEC) has adopted a new [...]Enforcement
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Understanding SEC Investigations: Process, Defense, and Legal Tips
February 21, 2025Mark J. Astarita, Esq., a nationally recognized and Martindale AV-rated securities attorney, explains the SEC investigation [...]
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What Happens If I Ignore an SEC Subpoena?
December 8, 2024Anyone who follows our blog or website knows one thing. The SEC Enforcement Division is getting tougher on financial firms. [...]
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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 [...]
- 9 Proven Strategies for Defending an SEC Investigation
- Federal Securities Law, a Securities Lawyer Guide
- FINRA Broker Check
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, 2024By: Mark J. Astarita, Esq. Defending an SEC Investigation Do you need an SEC Investigation Attorney? The answer is probably yes, [...] -
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 [...]
- What is a Security?
- SEC & FINRA Investigations: Legal Guidance You Need
- Defending FINRA Investigations
Other News
Attorney for Broker Transitions – The Recruiting Protocol
Just about every securities broker is aware of the existence of the Protocol for Broker Recruiting (the “Broker Protocol”). Unfortunately, too many brokers think they understand the Protocol, and move forward with a transition without the assistance of experienced counsel. That leads to a motion for an injunction in court, with a […]
Defense of an SEC Enforcement Investigation
SEC enforcement investigations cover a wide range of targets and witnesses, from the big investment banks and their employees, to public companies to private companies who are soliciting investments, small companies. The SEC conducts its investigations privately, and does so by requesting voluntary cooperation or issuing subpoenas for documents and […]
SEC Announces Agenda, Panelists for Roundtable on Artificial Intelligence
The Securities and Exchange Commission today announced the agenda and panelists for the March 27 roundtable on artificial intelligence in the financial industry. “I look forward to hearing from the panelists on how emerging technologies,… SEC Press Release
SEC Staff Facilitates Capital Formation for Companies Planning Public Offerings
The Securities and Exchange Commission today announced that its Division of Corporation Finance is further facilitating capital formation by enhancing the accommodations available to companies for nonpublic review of draft registration statements. In… SEC Press Release
SEC Crypto Task Force to Host Roundtable on Security Status
We break down the recent announcement from the Securities and Exchange Commission (SEC) regarding its Crypto Task Force. Key Takeaways: The SEC’s Crypto Task Force will host a series of roundtables, dubbed the “Spring Sprint Toward Crypto Clarity,” to discuss key areas of interest in crypto asset regulation. The inaugural […]
Commissioner Hester Peirce Announces Crypto Task Force Staff
The Securities and Exchange Commission today announced the members of the Crypto Task Force staff, which is advising the Commission on matters related to crypto. The task force is composed of staff from the Acting Chairman’s office and other divisions… SEC Press Release
SEC Investor Advisory Committee to Examine the Disclosure of AI’s Impact on Company Operations; and Retail Investor Fraud in America at March 6 Meeting
The Securities and Exchange Commission’s Investor Advisory Committee will hold a public meeting at the SEC Headquarters in Washington, D.C., on March 6, at 10 a.m. ET. The meeting will also be webcast on the SEC website. The committee will host two… SEC Press Release
SEC to Host Roundtable on Artificial Intelligence
The Securities and Exchange Commission today announced it will hold a roundtable discussion on Artificial Intelligence in the financial industry. The event takes place on March 27 from 9 a.m. to 4 p.m. at the SEC’s headquarters in Washington, D.C. and is… SEC Press Release
SEC Announces Dismissal of Civil Enforcement Action Against Coinbase
The Securities and Exchange Commission today announced that the Commission has filed a joint stipulation with Coinbase Inc. and Coinbase Global Inc. to dismiss the ongoing civil enforcement action against the two entities. On January 21, 2025, the… SEC Press Release
SEC Charges Justinas Butkus with Orchestrating $4 Million Fraud
The Securities and Exchange Commission today filed charges against Justinas Butkus, of Lithuania, and two companies he owned and controlled, HMC Trading LLC and HMC Management LLC, for fraudulently raising approximately $4.1 million from 64 investors by… SEC Press Release
SEC Charges Alan Burak, Founder of Never Alone Capital, with Fraud
The Securities and Exchange Commission today charged Alan Burak, founder of Never Alone Capital LLC, with orchestrating a fraudulent scheme that raised approximately $4 million, most of which Burak misappropriated for personal expenses. The SEC’s… SEC Press Release
SEC Extends Compliance Dates and Provides Temporary Exemption for Rule Related to Clearing of U.S. Treasury Securities
The Securities and Exchange Commission today extended the compliance dates for Rule 17ad-22(e)(18)(iv)(A) and (B) under the Securities Exchange Act by one year to Dec. 31, 2026, for eligible cash market transactions, and June 30, 2027, for eligible repo… SEC Press Release
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