The Securities and Exchange Commission today announced that Pearson plc, a London-based public company that provides educational publishing and other services to schools and universities, agreed to pay $1 million to settle charges that it misled… Read the Full Press Release Have a securities law question? Call Sallah Astarita & […]
Enforcement
SEC Obtains Emergency Relief, Charges Two Florida Companies and their Principal Officer with Operating a Ponzi Scheme
The Securities and Exchange Commission today announced that it filed an emergency action and obtained a temporary restraining order, an asset freeze, and the appointment of a receiver to stop an alleged Ponzi scheme and misappropriation of investor… Read the Full Press Release Have a securities law question? Call Sallah […]
SEC Obtains Court Order to Stop Investment Adviser’s Alleged Ongoing Offering Fraud
The Securities and Exchange Commission today announced the filing of an emergency action against Martin A. Ruiz of New York, and two entities he controls, Carter Bain Wealth Management, LLC (Carter Bain) and RAM Fund, LP (RAM). Shortly after filing the… Read the Full Press Release Have a securities law […]
FINRA Reverses Hearing Panel Decision and Dismisses Complaint against Sallah Astarita & Cox client.
In an unusual reversal and dismissal, Mark Astarita of Sallah Astarita & Cox, LLC obtained a full reversal of a Hearing Panel decision in an enforcement proceeding that barred his client for life and ordered him to pay $250,000 in restitution, plus 6 years of interest. The case, which was […]
J.P. Morgan Securities Admits to Manipulative Trading in U.S. Treasuries
Sept. 29, 2020 —The Securities and Exchange Commission today announced charges against J.P. Morgan Securities LLC, a broker-dealer subsidiary of JPMorgan Chase & Co., for fraudulently engaging in manipulative trading of U.S. Treasury securities. J.P. Morgan Securities admitted the findings in the SEC‘s order, and agreed to pay disgorgement of $10 […]
The Story of Martha and The Telephone Call
Proving Aesop Right Once Again – We Often Give Our Enemies the Means of Our Own Destruction By Mark J. Astarita, Esq. Avoid a remedy that is worse than the disease. We had better bear our troubles bravely than try to escape them We often give our enemies the means for […]
SEC Sues over Internet “pre-IPO” offering
The Securities and Exchange Commission announced that on September 14, 2000, it filed a civil lawsuit against 1stBuy.com, Inc. (1stBuy) and its founder and CFO, Roger D. Pringle. The SECs action pertains to a pre-ipo offering, an Internet stock offering conducted by 1stBuy during 1999 and early 2000 in which […]