Author: Mark J. Astarita

Investors News

January 2022 Ponzi Schemes

From Kathy Bazoian Phelps’ Ponzi Scheme Blo. The reported stories reflect at least 5 new Ponzi schemes worldwide, 3 guilty pleas, more than 48 years of prison sentences, and an average age of approximately 47 for the alleged Ponzi schemers. https://www.linkedin.com/feed/update/urn:li:activity:6895247004092514304

News

Investment Advisers Act of 1940 Proposed Amendments

Introduction to the Investment Advisers Act of 1940 The Investment Advisers Act of 1940 (the “Act”) regulates investment advisers – firms and individuals who are compensated for advising others about securities investments. The Act requires such advisers to register with the SEC and conform to regulations designed to protect investors. […]

News

Infinity Q Founder Charged With Massive Valuation Fraud

Infinity Q charged by the SEC with overvaluing assets by more than $1 billion while pocketing tens of millions of dollars in fees. The SEC’s complaint alleges that, from at least 2017 through February 2021, Velissaris engaged in a fraudulent scheme to overvalue assets held by the Infinity Q Diversified […]

Securities and Exchange Commission
Law News

SEC Proposes to Enhance Private Fund Investor Protection

The Investment Advisers Act of 1940 The Act regulates investment advisers – firms and individuals compensated for advising others about securities investments. The Act requires such advisers to register with the SEC and conform to regulations to protect investors. Since the Act was amended in 1996 and 2010, generally, only […]

Securities and Exchange Commission
Brokers Compliance News

Cybersecurity Risk Management Rules and Amendments Proposed for Registered Investment Advisers and Funds

The SEC has proposed cybersecurity risk management rules for registered investment advisers, and registered investment companies and business development companies (funds), as well as amendments to certain rules that govern investment adviser and fund disclosures. “Cyber risk relates to each part of the SEC’s three-part mission, and in particular to […]

Securities and Exchange Commission
Brokers Enforcement Investors

Defense of an SEC Enforcement Investigation

SEC enforcement investigations cover a wide range of targets and witnesses, from the big investment banks and their employees, to public companies to private companies who are soliciting investments, small companies. The SEC conducts its investigations privately, and does so by requesting voluntary cooperation or issuing subpoenas for documents and […]