The Securities and Exchange Commission and the Food and Drug Administration today announced that they have entered into a Memorandum of Understanding (MOU) designed to assist the agencies in carrying out their respective missions of ensuring the… SEC Press Release For more information, contact the securities lawyers at Sallah Astarita & […]
Month: August 2026
SEC Proposes Amendments to Exchange Act Rule 3a12-8 to Add European Union Debt Obligations
The Securities and Exchange Commission today proposed amendments to Rule 3a12-8 under the Securities Exchange Act of 1934 to add the debt obligations of the European Union (EU) to the list of foreign government debt obligations designated as “exempted… SEC Press Release For more information, contact the securities lawyers at […]
SEC: 38 Entities Feigned Legitimacy as U.S. Advisers Through False Filings to Lure Retail Investors
August 27, 2026 The Securities and Exchange Commission has filed charges against 38 entities accused of lying on their SEC filings to appear to be legitimate investment advisory firms. The agency says the scheme was designed to lure U.S. retail investors by borrowing the credibility of an official SEC filing. […]
SEC Proposes New Regulation Crypto Assets
The Securities and Exchange Commission announced that it proposed new rules, titled “Regulation Crypto Assets,” that would create a clear and fit-for-purpose framework for certain investment contracts involving crypto assets. This proposal follows the Commission’s March 2026 interpretation clarifying how the federal securities laws apply to certain crypto assets and […]
SEC Charges Former Executives With Fraud in Connection With $1.9 Billion Collapse of Subprime Auto Lender Tricolor
The Securities and Exchange Commission today charged Daniel Chu, Jerome Kollar, and Ameryn Seibold, the former CEO, CFO, and Senior Director of Finance, respectively, at Texas-based Tricolor Holdings, LLC, for their roles in an alleged multi-year scheme… SEC Press Release For more information, contact the securities lawyers at Sallah Astarita […]
SEC Charges Boiler Room Operator and Three Entities with Defrauding Retail Investors in $74 Million Pre-IPO Investment Scam
The Securities and Exchange Commission has charged a New York businessman and three affiliated entities with operating an alleged boiler-room scheme that raised more than $74 million from investors seeking access to shares of privately held companies before their anticipated initial public offerings. According to the SEC, Andrew Spaventa and […]
SEC Charges Toms River Trio in Connection with Alleged $47 Million Fraud Targeting Orthodox Jewish Communities
The Securities and Exchange Commission today charged three Toms River, New Jersey residents for their roles in an affinity investment fraud that raised approximately $47 million from more than 87 investors, who were primarily members of Orthodox Jewish… SEC Press Release For more information, contact the securities lawyers at Sallah […]
SEC Charges Private Fund Adviser Adit Ventures Management, Its CEO and Affiliated General Partners in Alleged Fraud
The Securities and Exchange Commission today charged New York-based investment adviser Adit Ventures Management LLC, its CEO Eric Munson, and three affiliated general partners, Adit Ventures LLC; Adit Ventures II LLC; and Adit Ventures III LLC (the… SEC Press Release For more information, contact the securities lawyers at Sallah Astarita […]
SEC Establishes Financial Reporting and Accounting Unit in Enforcement Division
The Securities and Exchange Commission today announced it is establishing a new specialized unit within the Division of Enforcement to provide the dedicated expertise, focus, and capacity to pursue accounting and financial reporting fraud cases as well… SEC Press Release For more information, contact the securities lawyers at Sallah Astarita […]
