The Securities and Exchange Commission today announced fraud charges against three companies purporting to be market makers and nine individuals for engaging in schemes to manipulate the markets for various crypto assets being offered and sold as… SEC Press Release
Author: Mark J. Astarita
SEC Encourages Investors to Choose Their Information Sources Wisely During World Investor Week
World Investor Week (WIW) 2024, scheduled for October 7-13, brings a significant reminder from the Securities and Exchange Commission (SEC) to investors—select reliable and unbiased sources of information when making investment decisions. Whether you’re evaluating investment professionals or determining which financial products align with your goals, ensuring that your information […]
Eleven Firms to Pay More Than $88 Million Combined to Settle SEC’s Charges for Widespread Recordkeeping Failures
The Securities and Exchange Commission today announced charges against 12 firms, comprising broker-dealers, investment advisers, and one dually-registered broker-dealer and investment adviser, for widespread and longstanding failures by the firms and… SEC Press Release
SEC Charges Olayinka Oyebola and His Accounting Firm With Aiding and Abetting Massive Fraud
The Securities and Exchange Commission today charged Olayinka Oyebola and his Public Company Accounting Oversight Board-registered accounting firm, Olayinka Oyebola & Co. (Chartered Accountants), with aiding and abetting a massive securities fraud… SEC Press Release
SEC Announces Departure of Enforcement Director Gurbir S. Grewal
The Securities and Exchange Commission today announced that Gurbir S. Grewal, Director of the Division of Enforcement, will depart the agency, effective Oct. 11, 2024. Upon Mr. Grewal’s departure, Sanjay Wadhwa, the Division’s Deputy Director, will serve… SEC Press Release
Advisory Firm Marathon Asset Management Charged with Policies Failures Regarding Potential Receipt of Confidential Information from Ad Hoc Creditors’ Committees
The Securities and Exchange Commission today announced settled charges against registered investment adviser Marathon Asset Management LP for failing to establish, maintain, and enforce written policies and procedures reasonably designed to prevent the… SEC Press Release
SEC Charges Three Individuals in the New York Metropolitan Area for Perpetrating a $120 Million Pre-IPO Fraud Scheme
The Securities and Exchange Commission today charged John LoPinto, Robert Wilkos, and Laren Pisciotti for their roles in a fraudulent scheme involving investments in pre-IPO private companies. The SEC also charged several companies owned and/or… SEC Press Release
SEC Charges Independent Director and Ex-CEO of Church & Dwight With Concealing Close Friendship with Company Executive
The Securities and Exchange Commission today announced settled charges against James R. Craigie, a former CEO, Chairman, and board member of Church & Dwight Co. Inc., for violating proxy disclosure rules by standing for election as an independent… SEC Press Release
TD Securities Charged in Spoofing Scheme
SEC Charges TD Securities with Manipulating U.S. Treasury Market through Spoofing The Securities and Exchange Commission (SEC) recently announced charges against TD Securities (USA) LLC, a registered broker-dealer, for engaging in market manipulation in the U.S. Treasury cash securities market. The charges focus on the illicit trading practice known as […]
SEC Charges DraftKings with Selectively Disclosing Nonpublic Information Via CEO’s Social Media Accounts
The Securities and Exchange Commission (SEC) recently charged DraftKings Inc. with a significant violation of Regulation Fair Disclosure (FD) for selectively sharing nonpublic information. The violation occurred when material information was disclosed via social media platforms, resulting in a $200,000 civil penalty. This article delves into the SEC charges against […]
