The Securities and Exchange Commission today charged a previously-barred North Carolina-based investment adviser with lying to retail investors about the use and value of their investments. The SEC’s complaint alleges that, starting in approximately… Read the Full Press Release Have a securities law question? Call New York Securities Lawyers at […]
Author: Mark J. Astarita
SEC Investor Advisory Committee to Discuss Artificial Intelligence and Cybersecurity on March 10
The Securities and Exchange Commission’s Investor Advisory Committee will hold a public meeting remotely on March 10 at 10:00 a.m. ET. The meeting is open to the public via live webcast, and will be archived on the committee’s website for later… Read the Full Press Release Have a securities law question? Call […]
SEC Charges Venture Capital Fund Adviser with Misleading Investors
The Securities and Exchange Commission today charged venture capital fund adviser Alumni Ventures Group, LLC (AVG) with making misleading statements about its management fees and engaging in inter-fund transactions in breach of fund operating agreements… Read the Full Press Release Have a securities law question? Call New York Securities Lawyers […]
Duties When Processing Transactions for Russian Elites
AdvisorHub is reporting that FINRA issued an alert on Friday warning about the compliance obligations triggered due to sanctions the U.S. government has imposed on individuals and entities in response to Russia’s invasion of Ukraine. The FINRA alert noted that following a White House Executive Order, the Department of […]
Advisor to Pay More Than $30 Million for Undisclosed Conflicts of Interest
March 3, 2022 — The Securities and Exchange Commission today announced that registered investment adviser City National Rochdale, LLC (CNR) has agreed to pay more than $30 million to settle charges that its undisclosed conflicts of interest defrauded current and prospective clients. The money CNR pays will be placed into […]
SEC Proposes Short Sale Disclosure Rule, Order Marking Requirement, and CAT Amendments
The Securities and Exchange Commission today announced that it has voted to propose changes that would provide greater transparency to investors and regulators by increasing the public availability of short sale related data. New Exchange Act Rule 13f-2… Read the Full Press Release Have a securities law question? Call New […]
SEC Charges Health Care Co. and Two Former Employees for Accounting Improprieties
The Securities and Exchange Commission today announced settled charges and an $18 million penalty against Baxter International Inc. for engaging in improper intra-company foreign exchange transactions that resulted in the misstatement of the company’s… Read the Full Press Release Have a securities law question? Call New York Securities Lawyers at […]
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
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. […]
The SEC Is Tightening Its Grip on Private Markets — But It May Be Disappointed
The Commission’s proposal to squeeze more information from private equity firms and hedge funds may not yield the “early warning signals” that it’s after. Commentary from Institutional Investor. https://www.institutionalinvestor.com/article/b1wmgg3fjjp33l/The-SEC-Is-Tightening-Its-Grip-on-Private-Markets-But-It-May-Be-Disappointed
