Sept. 21, 2023 — The SEC has taken action against Aras Investment Business Group S.A.P.I. de C.V., a Mexico-based company, along with its CEO Armando Gutierrez Rosas and four other individuals. These charges stem from their involvement in a fraudulent scheme that siphoned over $15 million from more than 450 […]
News
SEC Charges Fluor Corp. for Accounting Improprieties
The Securities and Exchange Commission today announced that Irving, Texas-based Fluor Corporation will pay $14.5 million to settle charges stemming from the company’s improper accounting on two large-scale, fixed-price construction projects. Five former… Read the Full Press Release Have a securities law question? Call New York Securities Lawyers at 212-509-6544.
ETF Manager Settles SEC Charges of Fraudulent Conduct
The SEC has taken action against an ETF Manager, alleging misconduct in the management of an exchange-traded fund (ETF). This scheme involved misleading the ETF’s trustees and securing a whopping $20 million in rescue financing to avert potential bankruptcy. As a result, Masucci and his entities have agreed to a substantial settlement of $4.4 million.
SEC Charges Former New Jersey Corrections Officer with Crypto Fraud Scheme Targeting Law Enforcement Personnel
The Securities and Exchange Commission today charged former New Jersey State Correctional Police Officer John A. DeSalvo with fraudulently raising funds through the unregistered offering of the Blazar Token, a crypto asset security he created but that… Read the Full Press Release Have a securities law question? Call New York […]
SEC Charges Former Attorney at U.S.-Based Global Law Firm with Insider Trading
The Securities and Exchange Commission today announced insider trading charges against Romero Cabral da Costa Neto for trading based on material, nonpublic information concerning a client of the global law firm where he worked as a visiting attorney from… Read the Full Press Release Have a securities law question? Call […]
Wells Fargo Settles with SEC for Charging Excessive Advisory Fees
The Securities and Exchange Commission today charged Wells Fargo Clearing Services LLC and Wells Fargo Advisors Financial Network LLC (collectively, Wells Fargo) for overcharging more than 10,900 investment advisory accounts more than $26.8 million in… Read the Full Press Release Have a securities law question? Call New York Securities Lawyers […]
SEC Charges 3M with Foreign Corrupt Practices Act Violations Relating to China Subsidiary
The Securities and Exchange Commission today announced that 3M Company agreed to pay more than $6.5 million to resolve charges that it violated the books and records and internal controls provisions of the Foreign Corrupt Practices Act (FCPA). The SEC’s… Read the Full Press Release Have a securities law question? […]
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 First Fee Rate Advisory for Fiscal Year 2024
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 […]
SEC Charges LA-Based Media and Entertainment Co. Impact Theory for Unregistered Offering of NFTs
The Securities and Exchange Commission today charged Impact Theory, LLC, a media and entertainment company headquartered in Los Angeles, with conducting an unregistered offering of crypto asset securities in the form of purported non-fungible tokens (… Read the Full Press Release Have a securities law question? Call New York Securities […]