The Securities and Exchange Commission today announced that the fees that public companies and other issuers pay to register their securities with the Commission will increase from $110.20 per million dollars to $147.60 per million dollars, effective Oct… Read the Full Press Release Have a securities law question? Call New […]
Author: SECLaw Staff
Wells Fargo Settles with SEC for Charging Excessive Advisory Fees
The SEC has taken action against Wells Fargo Clearing Services LLC and Wells Fargo Advisors Financial Network LLC (collectively referred to as Wells Fargo). The SEC has charged Wells Fargo for the excessive charging of over 10,900 investment advisory accounts, resulting in more than $26.8 million in undue advisory fees. […]
SEC Awards Whistleblower More Than $18 Million
The Securities and Exchange Commission today announced an award of more than $18 million to a whistleblower whose information and assistance led to a successful SEC enforcement action. After initially reporting misconduct internally, the whistleblower… Read the Full Press Release Have a securities law question? Call New York Securities Lawyers […]
SEC Announces Charges for Unregistered Securities
The SEC’s Allegations The SEC announced charges against Richard Heart, also known as Richard Schueler, and three unincorporated entities under his control: Hex, PulseChain, and PulseX. The charges stem from their involvement in conducting unregistered offerings of crypto asset securities, which garnered over $1 billion in crypto assets from investors. […]
SEC Proposes Amendments to Internet Investment Adviser Registration Rule
Introduction The Securities and Exchange Commission (SEC) has recently put forth a set of proposed amendments to the rule governing the registration of investment advisers who provide their services through the Internet. These amendments aim to modernize the existing Internet adviser registration rule and ensure that investment advisers can efficiently […]
Eddy Alexandre, CEO Of EminiFX Sentenced To Nine Years In Prison For $240 Million Scheme To Defraud Investors
Damian Williams, the United States Attorney for the Southern District of New York, announced today that EDDY ALEXANDRE was sentenced by U.S. District Judge John P. Cronan to nine years in prison for engaging in commodities fraud. ALEXANDRE was the leader of a purported cryptocurrency and foreign exchange (“forex”) trading […]
SEC Charges Florida Resident with Operating $35 Million Ponzi Scheme that Targeted Church Members
The SEC charged Brent Seaman of Naples, Florida, with fraudulently raising approximately $35 million from at least 60 investors through an unregistered securities offering. According to the SEC, Seaman told investors he would use their money to invest in technology companies and to trade currencies and commodities, but instead, he […]
SEC Proposes Reforms Relating to Investment Advisers Operating Exclusively Through the Internet
The Securities and Exchange Commission today proposed amendments to the rule permitting certain investment advisers that provide investment advisory services through the internet to register with the Commission. The proposed amendments generally would… Read the Full Press Release Have a securities law question? Call New York Securities Lawyers at 212-509-6544. […]
SEC Proposes New Requirements to Address Risks to Investors From Conflicts of Interest Associated With the Use of Predictive Data Analytics by Broker-Dealers and Investment Advisers
The Securities and Exchange Commission today proposed new rules that would require broker-dealers and investment advisers (collectively, “firms”) to take certain steps to address conflicts of interest associated with their use of predictive data… Read the Full Press Release Have a securities law question? Call New York Securities Lawyers at […]
SEC Adopts Rules on Cybersecurity Risk Management, Strategy, Governance, and Incident Disclosure by Public Companies
The Securities and Exchange Commission today adopted rules requiring registrants to disclose material cybersecurity incidents they experience and to disclose on an annual basis material information regarding their cybersecurity risk management, strategy… Read the Full Press Release Have a securities law question? Call New York Securities Lawyers at 212-509-6544. Sallah […]
