Securities arbitration has become the most often-used method of resolving disputes in the securities industry. Since the late 1970’s, FINRA and its predecessors have required brokerage firms and stock brokers into securities arbitration to resolve their disputes with each other, and with their customers. That requirement led to brokerage firms […]
Mark J. Astarita
Understanding the SEC Whistleblower Program
A look into the workings of the SEC Whistleblower Program. Is it any surprise that Whistleblowers who are represented by securities attorneys might do better presenting tips than those who are represented by non-securities attorneys? What is the SEC Whistleblower Program? The SEC Whistleblower Program is a vital component […]
What Does a Securities Lawyer Do?
Mark J. Astarita, Esq. is a nationally recognized securities attorney, representing clients in securities investigations, arbitrations and litigation matters across the country. You can contact him at 212-509-6544 or by email at mja@sallahlaw.com Securities law is a specialized field of law encompassing various types of securities lawyers. Transactional securities lawyers […]
9 Proven Strategies for Defending an SEC Investigation
Defending an SEC Investigation Facing an SEC investigation can be intimidating for individuals or organizations, and defending against it requires expertise and insight. The SEC is a powerful regulatory entity that can thoroughly examine the financial operations of issuers, funds, and advisors. This article explores nine strategic methods to effectively […]
SEC Charges Three New Yorkers for Raising More Than $184 Million Through Pre-IPO Fraud Schemes
Washington D.C., June 7, 2024 — The Securities and Exchange Commission (SEC) has charged three individuals with fraud for selling unregistered membership interests in LLCs claiming to invest in pre-IPO company shares. Initially, these sales were made on behalf of StraightPath Venture Partners LLC, which was the subject of the […]
New AML Rules for Investment Advisers
On May 13, 2024, the SEC and the US Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) jointly issued a proposed rule (the Proposal) that, if adopted, would impose new anti-money laundering and countering the financing of terrorism (AML/CFT) compliance obligations on registered investment advisers (RIAs) and exempt reporting […]
SEC Investor Advisory Committee to Examine the New Frontier for Investment Advice and Discuss AI Regulation at June 6 Meeting
Washington D.C., May 31, 2024 — The Securities and Exchange Commission’s Investor Advisory Committee will hold a virtual public meeting on June 6, 2024, at 10 a.m. ET. The meeting will be webcast on the SEC website. The committee will host two panels: Examining the New Frontier for Investment Advice; […]
SEC Charges Robert Scott Murray and Trillium Capital with Fraudulent Scheme to Manipulate Getty Images Stock
Massachusetts resident liquidated his Getty Images stock holdings after sham offer to buy company drove up its stock price Overview of the Allegations The Securities and Exchange Commission (SEC) has charged Robert Scott Murray and Trillium Capital LLC with a fraudulent scheme aimed at manipulating the stock price of Getty […]
T+1 Is Coming….
On May 21, 2024, SEC Chair Gary Gensler issued the following statement on the conversion of the U.S. securities market to a T+1 standard settlement cycle, which will take place on May 28, 2024: “For everyday investors who sell their stock on a Monday, shortening the settlement cycle will allow […]
SEC Enhances Protection of Customer Information with Regulation S-P Amendments
May 16, 2024 — The SEC has announced significant amendments to Regulation S-P, aimed at modernizing and fortifying the protection of consumers’ nonpublic personal information within certain financial institutions. These amendments mark an important step in adapting regulatory frameworks to the evolving landscape of technology and the attendant risks, which […]