The Securities and Exchange Commission today announced settled charges against technology company NVIDIA Corporation for inadequate disclosures concerning the impact of cryptomining on the company’s gaming business. The SEC’s order finds that, during… Read the Full Press Release Have a securities law question? Call New York Securities Lawyers at 212-509-6544.
Author: Mark J. Astarita
SEC Issues $3.5 Million Award to Four Whistleblowers
Washington D.C., May 6, 2022 — The Securities and Exchange Commission today announced a total award of nearly $3.5 million to four whistleblowers who provided information and assistance in a single covered action. Three joint whistleblowers provided Commission staff with information that caused the staff to open a new investigation […]
Cryptomining and Trading Scheme Charged
Washington D.C., May 6, 2022 — The Securities and Exchange Commission today announced fraud charges against MCC International Corp. (MCC), which does business as Mining Capital Coin Corp., its founders Luiz Carlos Capuci, Jr. (aka Junior Caputti or Capuci) and Emerson Souza Pires (Pires), and two other entities controlled by […]
SEC Charges CEO and President of Synergy Settlement Services with Fraudulent Operation of Special Needs Pooled Trusts
The Securities and Exchange Commission today announced fraud charges against Synergy Settlement Services, Inc., CEO Jason D. Lazarus, Esq., both based in Orlando, FL, and President Anthony F. Prieto, Jr. of Tampa, FL, for allegedly defrauding individuals… Read the Full Press Release Have a securities law question? Call New York […]
SEC Nearly Doubles Size of Enforcement’s Crypto Assets and Cyber Unit
FOR IMMEDIATE RELEASE 2022-78 Washington D.C., May 3, 2022 — The Securities and Exchange Commission today announced the allocation of 20 additional positions to the unit responsible for protecting investors in crypto markets and from cyber-related threats. The newly renamed Crypto Assets and Cyber Unit (formerly known as the Cyber […]
SEC Commemorates Financial Capability Month with Robust Slate of Investor Education Events and Resources
The Securities and Exchange Commission’s Office of Investor Education and Advocacy (OIEA) commemorated National Financial Capability Month by hosting a slate of outreach and education events for investors. In addition to the events, Chair Gary Gensler… Read the Full Press Release Have a securities law question? Call New York Securities […]
Small Business Advisory Committee to Host Virtual Meeting to Discuss Proposed Rules on Climate Disclosures and SPACs
The Securities and Exchange Commission’s Small Business Capital Formation Advisory Committee today released the agenda for its virtual meeting on Friday, May 6, which will examine the Commission’s proposed rules on climate-related disclosures and Special… Read the Full Press Release Have a securities law question? Call New York Securities Lawyers […]
SEC Charges Brazilian Mining Company with Misleading Investors about Safety Prior to Deadly Dam Collapse
The Securities and Exchange Commission today charged Vale S.A., a publicly traded Brazilian mining company and one of the world’s largest iron ore producers, with making false and misleading claims about the safety of its dams prior to the January 2019… Read the Full Press Release Have a securities law […]
$10 Million Penalty for Misleading Investors and Clients
The Securities and Exchange Commission today charged publicly-traded asset manager Medley Management and its former co-CEOs, Brook B. Taube and Seth B. Taube, with making misrepresentations to investors and clients that created the illusion of Medley’s likely future growth. The respondents have agreed to settle the SEC’s charges and will […]
SEC Charges Archegos and its Founder with Massive Market Manipulation Scheme
The Securities and Exchange Commission today charged Sung Kook (Bill) Hwang, the owner of family office Archegos Capital Management, LP (Archegos), with orchestrating a fraudulent scheme that resulted in billions of dollars in losses. The SEC also… Read the Full Press Release Have a securities law question? Call New York […]
