Washington D.C., April 20, 2022 —The Securities and Exchange Commission today announced charges against Stericycle, Inc. for violations of the Foreign Corrupt Practices Act (FCPA) arising out of bribery schemes that took place in Argentina, Brazil, and Mexico. The company has agreed to pay more than $84 million to settle […]
Month: April 2022
Twitter Board Fears Losing Their Job?
Musk’s offer to buy Twitter is obviously creating a stir, and the conspiracy theorists are at it again. It is so bad, my office is getting calls about it. Just today we received a call from a shareholder who wants to sue the Twitter Board of Directors for not accepting […]
SEC Uncovers $194 Million Penny Stock Schemes that Spanned Three Continents
The Securities and Exchange Commission today announced charges against 16 defendants, located in the Bahamas, the British Virgin Islands, Bulgaria, Canada, the Cayman Islands, Monaco, Spain, Turkey, and the United Kingdom, for participating in multi-year… Read the Full Press Release Have a securities law question? Call New York Securities Lawyers […]
SEC Charges Senior Executive of Brazilian Company with Fraud
The Securities and Exchange Commission today announced charges against Fernando Passos, the former executive vice president of finance and investor relations of Brazilian reinsurance company IRB Brasil Resseguros S.A., for allegedly planting a false… Read the Full Press Release Have a securities law question? Call New York Securities Lawyers at […]
SEC Asset Freeze In Case of $450 Million Ponzi Scheme
April 15, 2022 – The Securities and Exchange Commission today announced charges and an asset freeze against several Las Vegas-area individuals and companies allegedly behind a nearly half-billion dollar Ponzi scheme involving purported personal injury settlements. The SEC charged certain defendants with violations of the antifraud provisions of the federal […]
Fee Rate Advisory #1 for Fiscal Year 2022
The Securities and Exchange Commission today announced that starting on May 14, 2022, the fee rates applicable to most securities transactions will be set at $22.90 per $1 million. Consequently, each SRO will continue to pay the Commission a rate… Read the Full Press Release Have a securities law question? […]
SEC Proposes Rules for the Registration and Regulation of Security-Based Swap Execution Facilities
April 6, 2022 —The Securities and Exchange Commission today proposed new Regulation SE under the Securities Exchange Act of 1934 (the Exchange Act). The Regulation will create a regime for the registration and regulation of security-based swap execution facilities (SBSEFs). The new regulatory framework was one of the major reforms […]
SEC Examing Crypto as Securities
The SEC is attempting to gain regulatory oversight of cryptocurrency products and platforms that may be engaging in the sale and offering of securities. Securities are strictly regulated and require detailed disclosures to inform investors of potential risks. Since the first cryptocurrency (Bitcoin) launched in 2009, the question of how […]
SEC: Takeover Bid of Fortune 500 Company was a Sham
The Securities and Exchange Commission today charged Melville ten Cate, a U.S. citizen residing abroad, with fraud stemming from his allegedly phony offer to purchase Textron – a large U.S.-listed aircraft, defense, and industrial company. The SEC… Read the Full Press Release Have a securities law question? Call New York […]
Experts Examiner Newsletter
The Securities Experts Roundtable is a group of securities expert witnesses that provides continuing professional education and promotes ethics and integrity among its members. It publishes a quarterly newsletter which provides commentary on securities arbitration issues, with a slighly different viewpoint from our securities litigator perspective. I have used, worked with and […]
