Author: Mark J. Astarita

News

SEC Charges Hemp Company and Co-Founders With Fraud

The Securities and Exchange Commission today charged CanaFarma Hemp Products Corp. and its co-founders with fraudulently raising approximately $15 million from investors, and misappropriating a significant portion of the investor funds for personal use… Read the Full Press Release Have a securities law question? Call Sallah Astarita & Cox at […]

otc markets
Brokers Investors

Bloomberg Claims – Is the Stock Market Rigged? Most People Think So – We Don’t.

There was an interesting article at Bloomberg.com, which contends that insider trading is everywhere, and no one seems to care.

Having spent the better part of three decades as a securities attorney, and an investor, it seems to me that all three statements are not true. The stock market is not rigged, insider trading is not everywhere, and lots of people care about insider trading.

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Rogue Trader Settles Enforcement Action, Criminal Charges Pending

The SEC filed charges against  Keith A. Wakefield, a former managing director and head of fixed-income trading at IFS Securities, Inc., an Atlanta-based broker-dealer, causing millions of dollars of losses through unauthorized trading in fixed income securities, and with fraudulently obtaining approximately $820,000 in fictitious commission income. According to the […]

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Mark Zuckerberg May Have SEC Problems?

Rawstory is reporting that Facebook is treating its user’s posts differently based on their wealth and status, which may cause problems with the SEC. According to the post, a Wall Street Journal investigation revealed that Facebook’s internal algorithm allows certain users to get around the company’s enforcement procedures, which is […]

News

SEC Charges Rogue Trader Who Bankrupted His Firm

The Securities and Exchange Commission today charged Keith A. Wakefield, a former managing director and head of fixed income trading at IFS Securities, Inc., an Atlanta-based broker-dealer, with causing millions of dollars of losses through unauthorized… Read the Full Press Release Have a securities law question? Call Sallah Astarita & […]

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SEC Proposes to Enhance Proxy Voting Disclosure by Investment Funds and Require Disclosure of “Say-on-Pay” Votes for Institutional Investment Managers

The Securities and Exchange Commission today proposed amendments to Form N-PX to enhance the information mutual funds, exchange-traded funds, and certain other funds report about their proxy votes. The proposed rulemaking would require funds to tie the… Read the Full Press Release Have a securities law question? Call Sallah Astarita […]