The Securities and Exchange Commission announced that it has adopted rules to update and expand the statistical disclosures that bank and savings and loan registrants provide to investors, in light of changes in this sector over the past 30 years. The rules also eliminate certain disclosure items that are duplicative […]
Author: Mark J. Astarita
SEC Announces Final Distribution in WG Trading Investment Fraud, Totaling Over $1 Billion Returned to Harmed Investors
The Securities and Exchange Commission today announced that the court-appointed receiver has begun the final distribution to investors in connection with the SEC’s action against defendants Paul Greenwood, Steven Walsh, and their affiliated WG Trading… Read the Full Press Release Have a securities law question? Call Sallah Astarita & Cox […]
SEC Charges Fund Manager for Fraud in Securities Offering in Neiman Marcus Bankruptcy
The Securities and Exchange Commission today charged Daniel Kamensky, co-chair of the unsecured creditors committee in the Neiman Marcus Group Ltd. LLC Chapter 11 bankruptcy proceedings, with abusing his position on the committee to attempt to benefit a… Read the Full Press Release Have a securities law question? Call Sallah […]
SEC Investor Advisory Committee to Meet Virtually on September 24
The Securities and Exchange Commission’s Investor Advisory Committee will hold a virtual public meeting on September 24, 2020. The meeting will begin at 10 a.m. ET, is open to the public via live webcast, and will be archived on the Committee’s… Read the Full Press Release Have a securities law […]
Whistleblowers Receive $2.5 Million for Detailed Analysis That Led to Successful Actions
The Securities and Exchange Commission today announced an award of over $2.5 million to joint whistleblowers whose tip based largely on highly probative independent analysis of a public company’s filings led to several successful enforcement actions.… Read the Full Press Release Have a securities law question? Call Sallah Astarita & […]
The Dow Jones Index Changes
The Dow welcomed three new components: Honeywell (HON), Salesforce (CRM) and Amgen (AMGN), and removed ExxonMobil (XOM), Pfizer (PFE) and Raytheon (RTN). Keep in mind that the DOW is a price weighted index, and affected by share price, not the size of the company. https://www.cnn.com/2020/08/31/investing/dow-apple-tesla-stock-market-today/index.html from SECLaw.com
SEC Adds 23 Unregistered Soliciting Entities to its PAUSE List
The Securities and Exchange Commission (SEC) has updated its Public Alert: Unregistered Soliciting Entities (PAUSE) list, adding 23 entities that are soliciting primarily non-U.S. investors using misleading information. The list also includes eight impersonators of genuine firms and seven bogus regulators. What is the PAUSE list? The PAUSE list is […]
SEC Awards Over $1.25 Million to Whistleblower
The Securities and Exchange Commission today announced an award of over $1.25 million to a whistleblower whose significant information prompted the agency to initiate a cause examination and bring an enforcement action that resulted in the return of… Read the Full Press Release Have a securities law question? Call Sallah […]
SEC Charges Ponzi Scheme Targeting African Immigrants
The Securities and Exchange Commission today charged two Maryland companies and their principals for a scheme that allegedly defrauded approximately 1,200 investors, many of them African immigrants, of more than $27 million. According to the SEC’s… Read the Full Press Release Have a securities law question? Call Sallah Astarita & […]
SEC Charges Herbalife With FCPA Violations
The Securities and Exchange Commission today announced that Herbalife Nutrition Ltd. has agreed to pay more than $67 million to settle charges that it violated the books and records and internal accounting controls provisions of the Foreign Corrupt… Read the Full Press Release Have a securities law question? Call Sallah […]
