The Securities and Exchange Commission today announced charges against Sergei Polevikov, who worked as a quantitative analyst at two prominent asset management firms, for perpetrating a years-long front-running scheme that generated illicit profits of at… Read the Full Press Release Have a securities law question? Call Sallah Astarita & Cox […]
News
SEC Charges U.K.-Based Father and Son, and Two Others in Transatlantic Microcap Fraud Scheme
The Securities and Exchange Commission today filed two complaints in the United States District Court for the Eastern District of New York charging four individuals and five entities for their roles in an allegedly fraudulent microcap scheme that… Read the Full Press Release Have a securities law question? Call Sallah […]
SEC Charges Firm and Two Principals in First-Ever Actions Enforcing Rule on Duties of Municipal Advisors
The Securities and Exchange Commission today charged a Texas- and Colorado-based municipal advisor, Choice Advisors LLC, and its two principals, Matthias O’Meara and Paula Permenter, with violating their duties, engaging in unregistered municipal… Read the Full Press Release Have a securities law question? Call Sallah Astarita & Cox at 212-509-6544.
SEC Charges World’s Largest Advertising Group with FCPA Violations
The Securities and Exchange Commission today announced that London-based WPP plc, the world’s largest advertising group, has agreed to pay more than $19 million to resolve charges that it violated the anti-bribery, books and records, and internal… Read the Full Press Release Have a securities law question? Call Sallah Astarita […]
Whistleblower’s Identity is Confidential but Receives $36 Million from the SEC
A whistleblower’s identity is confidential, and the SEC takes that confidentiality seriously. This is why the press releases about whistleblower awards are so thin on information. However, the SEC just announced an award of approximately $36 million to a whistleblower whose information and assistance significantly contributed to the success of […]
Oil and Gas Executives Settle SEC Charges of Misleading Investors in More Than a Dozen Oil and Gas Securities Offerings
The Securities and Exchange Commission today charged Thomas Powell and Stefan Toth, and their entities, Resolute Capital Partners LTD LLC and Homebound Resources LLC, with making material misrepresentations and omissions in connection with more than a dozen unregistered oil and gas securities offerings. Powell and Toth were also charged with […]
Subprime Automobile Finance Company Charged with Fraud
The Securities and Exchange Commission today announced fraud charges against two former executives of a subprime automobile finance company for misleading investors about the subprime automobile loans that backed its $100 million offering. The SEC’s complaint, filed in U.S. District Court for the Northern District of Illinois, alleges that James […]
SEC Issues Agenda for Sept. 27 Meeting of the Asset Management Advisory Committee
(function($) { $(document).ready(function() { $(“.submitcommentslink”).click(function(e) { e.preventDefault(); $(“.comment-form”).submit(); }); $(‘.panel-col-last h2.pagelet’).replaceWith(function () {… Read the Full Press Release Have a securities law question? Call Sallah Astarita & Cox at 212-509-6544. The Securities Law Blog is a service of SECLaw.com, and Mark Astarita, a national securities lawyer with the law firm […]
SEC’s Small Business Capital Formation Advisory Committee Sets Agenda for September 27 Virtual Meeting.
The Securities and Exchange Commission’s Small Business Capital Formation Advisory Committee will meet virtually on Monday, Sept. 27 to explore the changing dynamics for pre-IPO companies raising capital and the pathways those companies take to becoming public. During the morning session, the committee will focus on recent trends in “crossover investors”—such as […]
CoinBase Cancels Proposed Lending Program after SEC Scrutiny
As we posted last week, CoinBase’s proposed lending program, where its customers would be able to use cryptocurrency to make loans to third parties raised objections from the SEC. Coinbase objected to the objections in a public statement, claiming it didn’t know what the problem was. There isn’t much public […]
