The Law of the Financial Markets from Top Securities Lawyers
Thursday, October 2, 2025
The Securities and Exchange Commission (SEC) and the U.S. Attorney’s Office for the Southern District of New York have jointly charged Andrew Stiles and Gray Stiles with insider trading. Andrew Stiles is accused of trading Kodak and Novavax stocks based on nonpublic information related to the companies’ government partnerships aimed […]
The Securities and Exchange Commission (SEC) has settled charges against African Gold Acquisition Corp., a special purpose acquisition company (SPAC), for violating Exchange Act provisions related to internal controls, reporting, and recordkeeping. The SEC’s order alleges that the SPAC’s former chief financial officer misappropriated approximately $1.2 million from the company’s […]
Ensign Peak Advisers Inc., a non-profit entity owned and operated by The Church of Jesus Christ of Latter-day Saints, has settled charges with the Securities and Exchange Commission (SEC) for failing to file required disclosure forms related to the Church’s equity investments. The SEC also announced charges against the Church […]
The SEC has ordered The Options Clearing Corporation (OCC) to pay $17 million in penalties for violating its SEC-approved Stress Testing and Clearing Fund Methodology rule. The regulatory body found that OCC failed to comply with its own rule during certain times between October 2019 and May 2021. OCC, based […]
We discussed this case previously in connection with the firm’s CEO,s attempts to avoid service of a subpoena and his refusal to comply. The company not only refused to comply, but it sued the SEC for violation of various statutes. See, What Happens if I Ignore an SEC Subpoena. Now […]
Former NBA player Paul Pierce was paid more than $244,000 worth of EMAX tokens in order to promote them on Twitter. He failed to disclose the payment and ultimately agreed to settle an SEC case by disgorging the $244,000 payment, plus interest and $1,115,000 million in penalties. That is a […]
The SEC has charged Milan Vinod Patel, a resident of Cumming, Georgia, for disseminating over 100 false rumors about publicly traded companies, resulting in more than $1 million in illicit trading profits. In the past, the SEC had charged four other individuals, namely Barton Ross, Mark Melnick, Anthony Salandra, and […]
Feb. 14, 2023 —The SEC has charged Christopher S. Kirchner, the former CEO and co-founder of Slync, Inc., a privately-held Texas-based software company, with securities fraud and misappropriation of funds. Kirchner allegedly fraudulently offered and sold more than $67 million of securities to multiple investors, more than $28 million of […]
The Securities and Exchange Commission (SEC) has announced the adoption of new rule changes that will reduce the standard settlement cycle for most broker-dealer transactions in securities from two business days after the trade date (T+2) to one business day (T+1). This change is expected to benefit investors and reduce […]
On February 15th, 2023, the Securities and Exchange Commission (SEC) announced its proposed rule changes to enhance protections for customer assets managed by registered investment advisers. If adopted, the changes would amend and redesignate rule 206(4)-2, the Commission’s custody rule, under the Investment Advisers Act of 1940, and amend certain […]
