Washington D.C., Jan. 3, 2024 — The SEC has recently secured an asset freeze and other urgent measures in response to a suspected $93 million real estate investment scam. The main figure in this scandal is Rishi Kapoor, a Miami-based property developer. This case also implicates Location Ventures LLC, Urbin […]
Author: Mark J. Astarita
Mark Cuban Criticizes the SEC; Again
Mark Cuban criticizes the U.S. Securities and Exchange Commission (SEC) for not effectively protecting investors. He likens the SEC to “the QuickBooks of Financial Regulation,” suggesting they are more proficient in bookkeeping than in proactive investor protection. Cuban highlights his involvement with Sharesleuth.com, a platform he owns that uncovers fraudulent […]
BarnBridge DAO Agrees to Stop Unregistered Offer and Sale of Structured Finance Crypto Product
Introduction In a recent development, the Securities and Exchange Commission (SEC) has taken action against BarnBridge DAO, a decentralized autonomous organization, and its founders, Tyler Ward and Troy Murray. The charges revolve around the failure to register the offer and sale of structured crypto asset securities known as SMART Yield […]
Still Think Settling with the SEC is the Right Move?
By: Mark J. Astarita, Esq. In the article linked below, the authors believe that the landscape of SEC enforcement is changing. According to this article, entities and individuals facing SEC actions are winning, or not losing as much. Of course, the examples in the article are purely anecdotal, and there […]
SEC Charges Tingo Mobile Founder, Three Companies with Massive Fraud and Obtains Emergency Relief
The Securities and Exchange Commission today announced that it obtained a temporary asset freeze, restraining order, and other emergency relief against Mmobuosi Odogwu Banye a/k/a Dozy Mmobuosi and three affiliated U.S. based entities of which he is the… SEC Press Release
SEC Argues against Liu Disgorgement Ruling
On Friday, the Securities and Exchange Commission asked a federal appeals court to reconsider a ruling that it said prevents the agency from clawing back ill-gotten gains in cases in which laws were violated but no victims were harmed. But that is the point of the Supreme Court decision in […]
SEC Issues Staff Report on Accredited Investor Definition
SEO Title: Understanding the Evolving Accredited Investor Definition: A Comprehensive SEC Report Analysis Introduction to the SEC’s Review of Accredited Investors The SEC has released an in-depth staff report concerning the definition of an accredited investor. This action aligns with the Dodd-Frank Wall Street Reform and Consumer Protection Act mandates, […]
SEC Small Business Advocacy Office Delivers Report to Congress on Capital Raising from Startups to Small Public Companies
The Securities and Exchange Commission’s Office of the Advocate for Small Business Capital Formation issued its 2023 Annual Report today to Congress and the Commission. The report details how entrepreneurs and investors are building companies together,… SEC Press Release
SEC Approves 2024 PCAOB Budget and Accounting Support Fee
The Securities and Exchange Commission today approved the 2024 budget of the Public Company Accounting Oversight Board (PCAOB) and the related annual accounting support fee. The 2024 PCAOB budget totals $384.7 million, and the accounting support fee… SEC Press Release
SEC Small Business Advisory Committee to Discuss the Accredited Investor Definition and the Role of Diversity in the Investment Process
SEC Small Business Capital Formation Advisory Committee Meeting Agenda The Securities and Exchange Commission’s Small Business Capital Formation Advisory Committee has announced the agenda for its upcoming meeting on Wednesday, Nov. 29. The meeting will delve into key topics concerning small businesses and investors. Morning Session: Accredited Investor Definition Discussion […]