The Securities and Exchange Commission today charged Matthew Motil, host of the podcast, “The Cash Flow King,” for fraudulently raising approximately $11 million from more than 50 investors in a Ponzi scheme involving notes that were purportedly backed… Read the Full Press Release Have a securities law question? Call New […]
Month: September 2023
Deutsche Bank Subsidiary DWS to Pay $25 Million for Anti-Money Laundering Violations and Misstatements Regarding ESG Investments
The Securities and Exchange Commission today charged registered investment adviser DWS Investment Management Americas Inc. (DIMA or DWS), a subsidiary of Deutsche Bank AG, in two separate enforcement actions, one addressing its failure to develop a… Read the Full Press Release Have a securities law question? Call New York Securities […]
SEC Charges GTT Communications for Disclosure Failures
The Securities and Exchange Commission today charged GTT Communications, Inc. with failing to disclose material information about unsupported adjustments the company made in several Commission filings, which increased GTT’s reported operating income by… Read the Full Press Release Have a securities law question? Call New York Securities Lawyers at 212-509-6544.
American Infrastructure Funds Settles SEC Charges
American Infrastructure Funds LLC (AIM), a registered investment adviser based in Foster City, California, has agreed to a settlement with the SEC, in which AIM will pay over $1.6 million to resolve charges brought against the firm. These charges stem from several alleged breaches of its duties as an investment […]
Goldman to Pay SEC $6 Million in Penalties for Providing Deficient Blue Sheet Data
The Securities and Exchange Commission today announced settled charges against Goldman Sachs & Co. LLC for failing to provide complete and accurate securities trading information, known as blue sheet data, to the SEC. Goldman agreed to pay a $6… Read the Full Press Release Have a securities law question? Call […]
SEC Charges Citadel Securities for Violating Order Marking Requirements of Short Sale Regulations
The Securities and Exchange Commission today announced settled charges against broker-dealer Citadel Securities LLC for violating a provision of Regulation SHO, the regulatory framework designed to address abusive short selling practices, which requires… Read the Full Press Release Have a securities law question? Call New York Securities Lawyers at 212-509-6544.
SEC Charges Mexico-based Company and CEO in $15 Million Ponzi Scheme Targeting Spanish-Speaking U.S. Investors
Sept. 21, 2023 — The SEC has taken action against Aras Investment Business Group S.A.P.I. de C.V., a Mexico-based company, along with its CEO Armando Gutierrez Rosas and four other individuals. These charges stem from their involvement in a fraudulent scheme that siphoned over $15 million from more than 450 […]
SEC Approves Revised Privacy Act Rule
The Securities and Exchange Commission today approved a rule to revise the Commission’s regulations under the Privacy Act, which is the principal law governing the handling of personal information in the federal government. The final rule clarifies,… Read the Full Press Release Have a securities law question? Call New York […]
SEC Adopts Rule Enhancements to Prevent Misleading or Deceptive Investment Fund Names
The Securities and Exchange Commission today adopted amendments to the Investment Company Act “Names Rule,” which addresses fund names that are likely to mislead investors about a fund’s investments and risks. The amendments modernize and enhance the… Read the Full Press Release Have a securities law question? Call New York […]
SEC Charges California Resident with Multimillion Dollar Ponzi Scheme Targeting Tongan American Community
The Securities and Exchange Commission today charged Richmond, California resident Tilila Walker Sumchai with raising approximately $11.8 million from more than 1,000 investors through a fraudulent securities offering targeting members of the Tongan… Read the Full Press Release Have a securities law question? Call New York Securities Lawyers at 212-509-6544.
