Senior officials from the Securities and Exchange Commission, Federal Deposit Insurance Corporation, Commodity Futures Trading Commission, Federal Reserve Board, and the Bank of England convened a virtual meeting today to discuss certain issues… Read the Full Press Release Have a securities law question? Call Sallah Astarita & Cox at 212-509-6544. The […]
News
Amec Foster Wheeler Fined $22 Million for FCPA Violations
As the Securities and Exchange Commission announced charges against Amec Foster Wheeler Limited (Foster Wheeler) for violations of the Foreign Corrupt Practices Act (FCPA) arising out of a bribery scheme that took place in Brazil, the company has agreed to pay more than $43 million related to this scheme, including […]
SEC Awards More Than $1 Million to Whistleblower
The Securities and Exchange Commission today announced an award of more than $1 million to a whistleblower whose information and assistance led to multiple successful SEC enforcement actions. The whistleblower provided SEC staff with valuable… Read the Full Press Release Have a securities law question? Call Sallah Astarita & Cox at […]
New SEC Public Service Campaign: Investing Regularly Really Adds Up
The Securities and Exchange Commission’s Office of Investor Education and Advocacy (OIEA) today unveiled a public service campaign (PSC) to educate investors on the benefits of investing and encourage them to use the free financial planning tools… Read the Full Press Release Have a securities law question? Call Sallah Astarita & […]
SEC Charges ICO Issuer and CEO With Fraud and Unregistered Securities Offering
The Securities and Exchange Commission today announced settled charges against Loci Inc. and its CEO John Wise for making materially false and misleading statements in connection with an unregistered offer and sale of digital asset securities.… Read the Full Press Release Have a securities law question? Call Sallah Astarita & Cox […]
SEC Obtains Asset Freeze Against Offshore Fund and Its Operators
The Securities and Exchange Commission today announced that it has filed an emergency action charging an offshore fund and two individuals with engaging in a fraudulent scheme, and obtained an asset freeze to safeguard remaining investor funds at risk of… Read the Full Press Release Have a securities law question? […]
SEC Issues Whistleblower Awards Totaling Nearly $5.3 Million
The Securities and Exchange Commission today announced awards of nearly $5.3 million to whistleblowers who provided information and assistance in separate enforcement proceedings. In the first order, the SEC awarded a whistleblower nearly $4 million for… Read the Full Press Release Have a securities law question? Call Sallah Astarita & […]
Morgan Stanley Forcing You Back to the Office?
Maybe it is time to transition or to go independent. Call the broker transition lawyers at Sallah Astarita & Cox for a free consultation. 212-509-6544 The Securities Law Blog is a service of SECLaw.com, and Mark Astarita, a national securities lawyer with the law firm of Sallah Astarita & Cox, […]
Regulators Offer Free Resource to Securities Firms to Assist in Addressing Financial Exploitation of Seniors
In recognition of World Elder Abuse Awareness Day, the U.S. Securities and Exchange Commission (SEC), the North American Securities Administrators Association (NASAA), and the Financial Industry Regulatory Authority (FINRA) today announced a new resource… Read the Full Press Release Have a securities law question? Call Sallah Astarita & Cox at […]
Silicon Valley Insider Trading Ring Charged
The SEC has announced insider trading charges against a Silicon Valley trading ring whose members generated nearly $1.7 million in illegal profits and losses avoided by trading on the confidential earnings information of two local technology companies. According to the SEC’s complaint, Nathaniel Brown, who served as the revenue recognition […]
