The Securities and Exchange Commission today announced an award of more than $20 million to a whistleblower who provided information and assistance that significantly contributed to a successful enforcement action. The whistleblower provided new… Read the Full Press Release Have a securities law question? Call New York Securities Lawyers at […]
Author: Mark J. Astarita
AT&T Settles SEC Charge of Selectively Disclosing Material Information to Wall St. Analysts
Dec. 5, 2022 — The Securities and Exchange Commission today announced that AT&T agreed to pay a $6.25 million penalty and three company executives agreed to pay $25,000 apiece stemming from charges brought in March 2021 related to the company’s selective disclosure of material nonpublic information to research analysts in violation of […]
SEC Reopens Comment Period for Proposed Rule on Share Repurchase Disclosure Modernization
The Securities and Exchange Commission today reopened the comment period on proposed amendments intended to modernize and improve the disclosure required about an issuer’s repurchases of its equity securities, often referred to as buybacks. The… Read the Full Press Release Have a securities law question? Call New York Securities Lawyers […]
SEC Charges Vika Ventures and its CEO in $6 Million Fraudulent Offering
Dec. 7, 2022 — The Securities and Exchange Commission today announced charges against venture capital firm Vika Ventures LLC and its CEO and co-founder, George Iakovou, with fraudulently offering and selling more than $6 million of securities to at least 46 individual investors in multiple states including California, Georgia, and […]
SEC Awards $20 Million to Whistleblower
Nov. 28, 2022 — The Securities and Exchange Commission today announced an award of $20 million to a whistleblower who provided new and critical information that led to the success of an enforcement action. In determining the appropriate award amount, the SEC considered that the whistleblower provided significant information and […]
SEC Publishes FY22-26 Strategic Plan
Nov. 23, 2022 —The Securities and Exchange Commission today released its Strategic Plan for fiscal years 2022 to 2026, outlining agency objectives to fight against fraud, maintain a robust and relevant regulatory framework, and sustain a skilled and diverse workforce to serve America’s investors and capital-raising entrepreneurs alike. “Our capital […]
SEC Charges Goldman Sachs Asset Management for Failing to Follow its Policies and Procedures Involving ESG Investments
While it is still unclear how the SEC has the authority to regulate enviormental and social investments, it continues to enforce its policies and to fine firms. On November 22, 2022, the SEC charged Goldman Sachs Asset Management, L.P. (GSAM) for policies and procedures failures involving two mutual funds and […]
SEC Awards More Than $10 Million to Whistleblower
Oct. 31, 2022 — The Securities and Exchange Commission today announced an award of more than $10 million to a whistleblower who provided information and assistance that significantly contributed to a successful SEC enforcement action. The whistleblower provided important documents and met twice with Enforcement staff. The charges in the […]
SEC Charges Incarcerated Felon and Five Friends in Freeriding Scheme
October 31, 2022 – The Securities and Exchange Commission today charged six individuals, including a federal inmate, for conducting a freeriding scheme that defrauded multiple broker-dealers. Bogus Deposits to Brokerage Accounts The SEC’s complaint alleges that from May 2019 to early January 2021, Syed Arham Arbab, 25, and five others […]
SEC Adopts Rules to Enhance Proxy Voting Disclosure by Registered Investment Funds and Require Disclosure of “Say-on-Pay” Votes for Institutional Investment Managers
The Securities and Exchange Commission today adopted amendments to Form N-PX to enhance the information mutual funds, exchange-traded funds, and certain other registered funds report about their proxy votes. The amendments will make these funds’ proxy… Read the Full Press Release Have a securities law question? Call New York Securities […]
