The Securities and Exchange Commission today charged New Jersey-based Chatham Asset Management LLC and its founder, Anthony Melchiorre, in connection with improper trading of certain fixed income securities. Chatham and Melchiorre agreed to pay more than… Read the Full Press Release Have a securities law question? Call New York Securities […]
Author: Mark J. Astarita
SEC Charges Merrill Lynch for Failing to Disclose Foreign Exchange Fees to Clients
The Securities and Exchange Commission today charged Merrill Lynch, Pierce, Fenner & Smith Incorporated for charging advisory clients more than $4 million in undisclosed foreign exchange fees for transfers to or from their accounts. To settle the… Read the Full Press Release Have a securities law question? Call New York […]
SEC Charges Founder of Frank with Fraud in Connection with $175 million Sale of Student Loan Assistance Company
The Securities and Exchange Commission today charged Charlie Javice, the founder of the now shuttered student loan assistance company previously known as Frank, with fraud in connection with the $175 million sale of the company to JPMorgan Chase Bank, N.… Read the Full Press Release Have a securities law question? […]
SEC’s OMWI FY 2022 Annual Report Highlights the Agency’s Diversity, Equity, and Inclusion Initiatives and Progress
The Securities and Exchange Commission’s Office of Minority and Women Inclusion (OMWI) today released its Fiscal Year (FY) 2022 Annual Report to Congress. The report summarizes the SEC’s actions and achievements towards promoting diversity, equity,… Read the Full Press Release Have a securities law question? Call New York Securities Lawyers […]
Registration Opens for the SEC’s 42nd Annual Small Business Forum to Impact Capital Raising Policy
The Securities and Exchange Commission’s Office of the Advocate for Small Business Capital Formation has opened registration for the SEC’s 42nd Annual Government-Business Forum on Small Business Capital Formation, which will take place April 24-27. The… Read the Full Press Release Have a securities law question? Call New York Securities […]
Oppenheimer Looking for Miami Advisors
We’re in growth mode’: Oppenheimer on the hunt for int’l advisors in Miami The firm is looking to grow its share of the international wealth management space after having recently opened a new office in Miami to house its advisor Mark Astarita has been representing advisors who are changing firms […]
SEC Reopens Comment Period for Proposed Amendments to Exchange Act Rule 3b-16 and Provides Supplemental Information
The Securities and Exchange Commission today reopened the comment period and provided supplemental information on proposed amendments to the definition of “exchange” under Exchange Act Rule 3b-16. The Commission initially proposed the amendments in… Read the Full Press Release Have a securities law question? Call New York Securities Lawyers at 212-509-6544. […]
SEC Charges Crypto Asset Trading Platform Bittrex and its Former CEO for Operating an Unregistered Exchange, Broker, and Clearing Agency
The Securities and Exchange Commission today charged crypto asset trading platform Bittrex, Inc. and its co-founder and former CEO William Shihara for operating an unregistered national securities exchange, broker, and clearing agency. The SEC also… Read the Full Press Release Have a securities law question? Call New York Securities Lawyers […]
SEC Appoints Deborah J. Jeffrey as Inspector General
The Securities and Exchange Commission today announced the appointment of Deborah J. Jeffrey as Inspector General, effective May 7, 2023. Ms. Jeffrey is currently the Inspector General of AmeriCorps. “Deb will bring incredible experience in public… Read the Full Press Release Have a securities law question? Call New York Securities Lawyers […]
SEC Charges Investment Adviser Betterment for Misstatements Concerning Tax Loss Harvesting Service
The Securities and Exchange Commission today charged investment advisory firm Betterment LLC for material misstatements and omissions related to its automated tax loss harvesting service (TLH), failing to provide clients with notice of changes to… Read the Full Press Release Have a securities law question? Call New York Securities Lawyers […]
