The Securities and Exchange Commission today charged The Kraft Heinz Company with engaging in a long-running expense management scheme that resulted in the restatement of several years of financial reporting. The SEC also charged Kraft’s former Chief… Read the Full Press Release Have a securities law question? Call Sallah Astarita […]
Month: September 2021
SEC Charges Global Crypto Lending Platform and Top Executives in $2 Billion Fraud
The Securities and Exchange Commission announced today that it has filed an action against BitConnect, an online crypto lending platform, its founder Satish Kumbhani, and its top U.S. promoter and his affiliated company, alleging that they defrauded… Read the Full Press Release Have a securities law question? Call Sallah Astarita […]
The Importance of Cybersecurity Policies
It seems like every day we see reports of hacking of corporate computers, resulting in the disclosure of personal customer information. Unfortunately, the brokerage industry is not immune from such attacks. Just yesterday the SEC sanctioned eight firms in three different actions for failures in their cybersecurity policies and procedures […]
SEC Obtains Emergency Relief, Charges Couple Who Operated $18 Million Ponzi scheme
The Securities and Exchange Commission today announced that it filed an emergency action and obtained a temporary restraining order and an asset freeze to stop an alleged Ponzi scheme perpetrated by Shakopee, Minnesota residents Jason Dodd Bullard and… Read the Full Press Release Have a securities law question? Call Sallah […]
