The authority to open SEC investigations, and therefore to issue subpoenas, was expanded under the Obama Administration to the director of Enforcement, rather than solely to the Commission itself. The Director of Enforcement then delegated that authority to various senior officials, including regional and associate directors and specialized unit chiefs. […]
Month: February 2021
Gamestop Frenzy Investigations
Financial press sources are reporting that the Justice Department’s fraud section and the U.S. attorney’s office are seeking information about the activity from brokers and social-media companies that were hubs for the trading frenzy. Last week we posted that the SEC and prosecutors would open investigations into the trading in […]
SEC Suspends Trading in Inactive Issuer Touted on Social Media
The Securities and Exchange Commission today suspended trading in an inactive company amid questions surrounding online promotion of the company’s securities and recent trading activity. The SEC’s trading suspension order states that since late January… Read the Full Press Release Have a securities law question? Call Sallah Astarita & Cox […]
Small Business Capital Formation Advisory Committee Jan. 29 Meeting to Focus on Smaller Public Company Markets
The Securities and Exchange Commission today released the agenda for the Friday, Jan. 29 meeting of its Small Business Capital Formation Advisory Committee, which will focus on the experiences of smaller public companies and the Commission’s recent… Read the Full Press Release Have a securities law question? Call Sallah Astarita & […]
Melissa Hodgman Named Acting Director of Division of Enforcement
The Securities and Exchange Commission today announced Melissa R. Hodgman, currently an Associate Director in the Commission’s Division of Enforcement, has been named Acting Director of the Division of Enforcement. “Melissa’s dedication to investor… Read the Full Press Release Have a securities law question? Call Sallah Astarita & Cox at […]
You Didn’t Know You Would be Taxed on Your Profits?
Yes Virginia, when you have trading profits, the state and federal government want their cut. Robinhood Traders Face The Taxman After Falling In Love With Stocks: Digital day traders now face a reckoning with short-term capital gains taxes.
Analysis of Robinhood, Gamestop and Reddit Issues
The New York State Bar Association has just featured an analysis of the issues surrounding the Gamestop saga titled “What Is the SEC Going To Do About GameStop?” authored by Joshua Bautz, Esq. from the SEC law firm of Sallah Astarita & Cox, LLC. Josh discusses the potential federal securities […]
SEC Charges Investment Adviser and Others With Defrauding Over 17,000 Retail Investors
The Securities and Exchange Commission today charged three individuals and their affiliated entities with running a Ponzi-like scheme that raised over $1.7 billion from securities issued by a New York-based asset management firm and registered investment… Read the Full Press Release Have a securities law question? Call Sallah Astarita & […]
SEC Requests Comment on Potential Money Market Fund Reform Options Highlighted in President’s Working Group Report
The Securities and Exchange Commission today published a request for public comment on potential reform measures to improve the resilience of money market funds as highlighted in a report of the President’s Working Group on Financial Markets issued in… Read the Full Press Release Have a securities law question? Call […]
New York Now Requires Investment Advisor Registration
New York State is now requiring Investment Advisor Representatives who work in New York, or who have clients in New York, to register with the New York Investor Protection Bureau and meet certain exam requirements. The new regulation goes into effect February 1, 2021. https://www.jdsupra.com/legalnews/february-1-2021-deadline-mandatory-2498783/
