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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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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Enforcement
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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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 […]
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Enforcement
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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Enforcement, Featured Articles, Investors
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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Compliance
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 […]
Recent Posts
Whistleblowers
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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 [...] -
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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What Happens If I Ignore an SEC Subpoena?
December 8, 2024Anyone who follows our blog or website knows one thing. The
Understanding SEC Investigations: Process, Defense, and Legal Tips
July 27, 2024Mark J. Astarita, Esq., a nationally recognized and Martindale AV-rated securities attorney, explains the SEC investigation [...]
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 [...]
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 […]
Acting Chairman Mark T. Uyeda Announces Executive Staff and Other Appointments
The Securities and Exchange Commission today announced Acting Chairman Mark T. Uyeda’s executive staff, which will advise the Acting Chairman on matters before the Commission and work closely with SEC staff. Gabriel Eckstein, Chief of Staff Steven… SEC Press Release
Acting Chairman Mark T. Uyeda Names Natalia Díez Riggin as Senior Advisor and Acting Director of Legislative and Intergovernmental Affairs
The Securities and Exchange Commission today announced Acting Chairman Mark T. Uyeda has named Natalia Díez Riggin as Senior Advisor and Acting Director of the Office of Legislative and Intergovernmental Affairs. “I’m thrilled that Natalia has… SEC Press Release
Extension of Form PF Amendments Compliance Date
The Securities and Exchange Commission, together with the Commodity Futures Trading Commission (CFTC), extended the compliance date for the amendments to Form PF that were adopted on Feb. 8, 2024. The compliance date for these amendments, which was… SEC Press Release
SEC Publishes Annual Staff Report on Nationally Recognized Statistical Rating Organizations
The Securities and Exchange Commission’s Office of Credit Ratings (OCR) today published its annual Staff Report on Nationally Recognized Statistical Rating Organizations (NRSROs) summarizing the findings of the NRSRO examinations and discussing… SEC Press Release
Three Investment Adviser Representatives Settle SEC Charges for Acting as Unregistered Brokers
SEC Takes Action Against VCP Financial and Investment Advisers for Regulatory Violations Investment Advisers Caught Selling Pre-IPO Investments Without Proper Registration The Securities and Exchange Commission (SEC) has announced settled charges against three investment adviser representatives—Tamir Shabat, Danny Z. Spiegel, and Joseph J. Orlando, Jr.—for operating as unregistered brokers while […]
SEC Monitoring Impact of California Wildfires on Capital Markets
The Securities and Exchange Commission is closely monitoring the impact of the California wildfires on investors and capital markets. The SEC divisions and offices that oversee companies, accountants, investment advisers, mutual funds, brokerage firms,… SEC Press Release
SEC Announces Departure of General Counsel Megan Barbero
The Securities and Exchange Commission today announced that Megan Barbero, who has served as General Counsel since February 2023, will leave the agency on Jan. 20, 2025. Ms. Barbero joined the SEC in July 2021 as Principal Deputy General Counsel. “I… SEC Press Release
SEC Charges Pair of Wells Fargo Advisory Firms and Merrill Lynch with Compliance Failures Relating to Cash Sweep Programs
The Securities and Exchange Commission today announced settled charges against registered investment advisers Wells Fargo Clearing Services LLC and Wells Fargo Advisors Financial Network LLC (collectively Wells Fargo Advisors) and against Merrill Lynch,… SEC Press Release
Acting Chairman Mark T. Uyeda Names Acting Senior Staff
The Securities and Exchange Commission today announced Acting Chairman Mark T. Uyeda’s selections for several senior roles in acting capacities across the Commission to fill vacancies created by recent departures. “These talented individuals are… SEC Press Release
SEC Charges LPL Financial with Anti-Money Laundering Violations
The Securities and Exchange Commission today announced charges against broker-dealer and investment adviser LPL Financial LLC for multiple failures related to its anti-money laundering (AML) program. To resolve the SEC’s charges, LPL agreed to pay a… SEC Press Release
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