The Securities and Exchange Commission today voted to propose changes that would remove the references to credit rating agencies from existing exceptions provided in Rule 101 and Rule 102 of Regulation M, a set of rules designed to preserve market… Read the Full Press Release Have a securities law question? […]
Author: Mark J. Astarita
SEC Proposes Rules to Enhance and Standardize Climate-Related Disclosures for Investors
The Securities and Exchange Commission today proposed rule changes that would require registrants to include certain climate-related disclosures in their registration statements and periodic reports, including information about climate-related risks that… Read the Full Press Release Have a securities law question? Call New York Securities Lawyers at 212-509-6544.
SEC Issues Awards Totaling Approximately $3 Million to Three Whistleblowers
March 18, 2022 – the SEC announced three awards totaling approximately $3 million to whistleblowers who provided information and assistance in three separate covered actions. $1.5 Million For New Information In the first order, the SEC issued an award of approximately $1.5 million to a whistleblower who provided new information […]
Texas School District Settles Fraud Claims in$20 Million Bond Sale
March 16, 2022 — The SEC announced charges, and a settlement of those charges with Crosby Independent School District (Crosby ISD) and its former Chief Financial Officer, Carla Merka. They were charged with misleading investors in the sale of $20 million of municipal bonds in order to pay its outstanding […]
Dave A. Sanchez to Lead Office of Municipal Securities
The Securities and Exchange Commission today announced that Dave A. Sanchez will return to the SEC to serve as Director of the Office of Municipal Securities (OMS) effective April 11. Mr. Sanchez most recently advised municipal issuers, broker-dealers… Read the Full Press Release Have a securities law question? Call New […]
SEC’s 41st Annual Small Business Forum to Impact Capital Raising Policy
The Office of the Advocate for Small Business Capital Formation will host the Securities and Exchange Commission’s 41st Annual Government-Business Forum on Small Business Capital Formation over four virtual sessions April 4-7 from 1:00-2-30pm ET. Each… Read the Full Press Release Have a securities law question? Call New York Securities […]
SEC Charges Call Center Operators in $58 Million Penny Stock Scheme
The Securities and Exchange Commission today announced fraud charges against five individuals for allegedly operating a call center in Medellin, Colombia, which used high pressure sales tactics and made false and misleading statements to retail investors… Read the Full Press Release Have a securities law question? Call New York Securities […]
Bitcoin: Definition, origin and risks
Bitcoin is a virtual ‘cryptocurrency’ traded much like real money. Bitcoin is a virtual currency known as a ‘cryptocurrency that can be traded between buyers and sellers much like “real” money is. One of the very first and most high-profile cryptocurrencies launched, Bitcoin is also the most well-known of this […]
Biden Signs Executive Order on Cryptocurrency
On March 9, President Biden signed an Executive Order (the Order) to establish the first comprehensive federal digital asset strategy for the U.S., which would promote digital asset innovation while balancing benefits and associated risks. The order directs the Justice Department, U.S. Department of the Treasury, the Board of Governors […]
SEC Awards Approximately $14 Million to Whistleblower
The Securities and Exchange Commission today announced an award of about $14 million to a whistleblower who published an online report exposing an ongoing fraud. The whistleblower, who days later shared the same information with the SEC and was… Read the Full Press Release Have a securities law question? Call […]
