The Securities and Exchange Commission today announced an award of more than $3.5 million to a whistleblower who provided critical information that significantly contributed to the success of two SEC enforcement actions. … Read the Full Press Release Have a securities law question? Call New York Securities Lawyers at 212-509-6544. […]
Month: March 2022
SEC Charges Previously-Barred Investment Adviser with Fraud
The Securities and Exchange Commission today charged a previously-barred North Carolina-based investment adviser with lying to retail investors about the use and value of their investments. The SEC’s complaint alleges that, starting in approximately… Read the Full Press Release Have a securities law question? Call New York Securities Lawyers at […]
SEC Investor Advisory Committee to Discuss Artificial Intelligence and Cybersecurity on March 10
The Securities and Exchange Commission’s Investor Advisory Committee will hold a public meeting remotely on March 10 at 10:00 a.m. ET. The meeting is open to the public via live webcast, and will be archived on the committee’s website for later… Read the Full Press Release Have a securities law question? Call […]
SEC Investigating NFT Creators and Marketplaces
Bloomberg is reporting that the SEC is investigating nonfungible token (NFT) creators and marketplaces for securities violations, according to a report from Bloomberg. Anonymous sources in the report claims that the SEC is investigating whether “certain nonfungible tokens […] are being utilized to raise money like traditional securities.” According to […]
SEC Charges Venture Capital Fund Adviser with Misleading Investors
The Securities and Exchange Commission today charged venture capital fund adviser Alumni Ventures Group, LLC (AVG) with making misleading statements about its management fees and engaging in inter-fund transactions in breach of fund operating agreements… Read the Full Press Release Have a securities law question? Call New York Securities Lawyers […]
Duties When Processing Transactions for Russian Elites
AdvisorHub is reporting that FINRA issued an alert on Friday warning about the compliance obligations triggered due to sanctions the U.S. government has imposed on individuals and entities in response to Russia’s invasion of Ukraine. The FINRA alert noted that following a White House Executive Order, the Department of […]
Advisor to Pay More Than $30 Million for Undisclosed Conflicts of Interest
March 3, 2022 — The Securities and Exchange Commission today announced that registered investment adviser City National Rochdale, LLC (CNR) has agreed to pay more than $30 million to settle charges that its undisclosed conflicts of interest defrauded current and prospective clients. The money CNR pays will be placed into […]