Bloomberg is reporting that the SEC is investigating nonfungible token (NFT) creators and marketplaces for securities violations, according to a report from Bloomberg. Anonymous sources in the report claims that the SEC is investigating whether “certain nonfungible tokens […] are being utilized to raise money like traditional securities.” According to […]
Author: SECLaw Staff
SEC Proposes Rule to Provide Transparency in the Securities Lending Market
The Securities and Exchange Commission today published proposed Exchange Act Rule 10c-1, which would require lenders of securities to provide the material terms of securities lending transactions to a registered national securities association, such as… Read the Full Press Release Have a securities law question? Call Sallah Astarita & Cox […]
SEC Staff Releases Report on Equity and Options Market Structure Conditions in Early 2021
The Securities and Exchange Commission today published a Staff Report on Equity and Options Market Structure Conditions in Early 2021, which focuses on the January 2021 trading activity of GameStop Corp (GME), the most famous of the “meme… Read the Full Press Release Have a securities law question? Call Sallah Astarita & […]
SEC Charges Webcast Host for Role in Market Manipulation Scheme
The Securities and Exchange Commission yesterday announced charges against Mark Melnick, the host of a stock trading webcast, for spreading more than 100 false rumors about public companies in order to generate illicit profits. The SEC previously charged… Read the Full Press Release Have a securities law question? Call Sallah […]
SEC Atlanta Regional Office to Co-Host “Money and Markets: Trends and Risks for Retail Investors”
The Securities and Exchange Commission’s Atlanta Regional Office and the University of Georgia School of Law will co-host a panel discussion on “Money and Markets: Trends and Risks for Retail Investors” on Thursday, Oct. 5, 2021, from 5-6:15 p.m. ET.… Read the Full Press Release Have a securities law question? […]
SEC Charges Puerto Rican Company and Managing Members with Fraud
The Securities and Exchange Commission today announced charges against Puerto Rico-based Back to Green Mining LLC and its two managing members, José Jiménez Cruz and Manuel Portalatin, for their participation in a fraudulent and unregistered offering in… Read the Full Press Release Have a securities law question? Call Sallah Astarita […]
SEC, MSRB, FINRA to Hold Compliance Outreach Program for Municipal Advisors
The Securities and Exchange Commission’s Division of Examinations and Office of Municipal Securities (OMS), the Municipal Securities Rulemaking Board (MSRB), and the Financial Industry Regulatory Authority (FINRA) today announced the opening of… Read the Full Press Release Have a securities law question? Call Sallah Astarita & Cox at 212-509-6544. The […]
RBC Charged With Failing to Give Priority to Retail and Institutional Investors in Municipal Offerings
The Securities and Exchange Commission today announced that RBC Capital Markets LLC has agreed to pay more than $800,000 to resolve charges that it engaged in unfair dealing in municipal bond offerings. The SEC also announced settled charges against… Read the Full Press Release Have a securities law question? Call […]
Former Pharmaceutical Global IT Manager Settles SEC $8 Million Insider Trading Case, Criminal Case Still Pending
The Securities and Exchange Commission today announced insider trading charges against Dayakar R. Mallu, of Orlando, Florida, who generated gains and avoided losses totaling over $8 million by trading in the securities of his former employer, Mylan N.V., ahead of four public announcements between Oct. 3, 2017, and July 29, […]
SEC Charges The Kraft Heinz Company and Two Former Executives for Engaging in Years-Long Accounting Scheme
The Securities and Exchange Commission today charged The Kraft Heinz Company with engaging in a long-running expense management scheme that resulted in the restatement of several years of financial reporting. The SEC also charged Kraft’s former Chief… Read the Full Press Release Have a securities law question? Call Sallah Astarita […]
