The Securities and Exchange Commission today charged CMI Capital LLC and its founder and manager, Michael D. Williams, for an alleged fraudulent investment scheme that raised approximately $860,000 from at least 18 investors, many of whom are current or… SEC Press Release For more information, contact the securities lawyers at […]
Enforcement
SEC Publishes Updated Market Statistics, Highlighting Increase in IPOs and Proceeds Raised
The Securities and Exchange Commission’s Division of Economic and Risk Analysis (DERA) published updated statistics and data visualizations covering key segments of the U.S. capital markets, including a notable increase in the number of initial public… SEC Press Release For more information, contact the securities lawyers at Sallah Astarita & […]
SEC Censures OTC Link LLC for Repeated Compliance Failures Related to Regulation SCI
The Securities and Exchange Commission today censured New York-based broker dealer OTC Link LLC and ordered it to pay a $575,000 civil penalty for longstanding violations of Regulation Systems Compliance and Integrity (SCI).According to the SEC’s settled… SEC Press Release For more information, contact the securities lawyers at Sallah Astarita […]
SEC Issues “Innovation Exemption” to Facilitate the Trading of Tokenized NMS Stock and Request for Comment
The Securities and Exchange Commission today issued an order granting temporary, conditional exemptive relief to Tokenized Securities Venues each a “TSV” from the definition of “exchange” in the Securities Exchange Act of 1934 (Exchange Act) to trade… SEC Press Release For more information, contact the securities lawyers at Sallah Astarita […]
SEC Proposes Rescission of Shareholder Proposal Rule and Reforms to Proxy Solicitation Process
The Securities and Exchange Commission today proposed to rescind Rule 14a-8 under the Securities Exchange Act of 1934, which exceeds the scope of the Commission’s statutory authority and intrudes into matters of state law.The Commission outlined… SEC Press Release For more information, contact the securities lawyers at Sallah Astarita & […]
SEC Grants Exemptive Relief from Certain Inline XBRL Filing or Submission Requirements
The Securities and Exchange Commission issued an order granting exemptive relief from certain Inline XBRL requirements adopted on Dec. 16, 2024. More specifically, the Commission is granting exemptive relief from filing or submitting the following in… SEC Press Release For more information, contact the securities lawyers at Sallah Astarita & […]
Joint Readout of Principals’ Meeting of U.S. and UK Authorities Regarding Central Counterparty Resolution
Senior officials from the Securities and Exchange Commission, Federal Deposit Insurance Corporation, Commodity Futures Trading Commission, Federal Reserve Board, and Bank of England convened for a tabletop exercise on Sept. 3, 2026, to discuss certain… SEC Press Release For more information, contact the securities lawyers at Sallah Astarita & Cox, […]
SEC Charges New Jersey Investment Adviser and Affiliated Firms in Alleged $16 Million Ponzi Scheme
WASHINGTON, D.C., Sept. 10, 2026 – The Securities and Exchange Commission has filed an enforcement action against Ernest Ossei Boateng and two New Jersey-based entities he controls, Intercontinental Wealth Network LLC and I Wealth Network LP, alleging that they raised approximately $16 million from more than 200 investors through a […]
SEC Investor Advisory Committee to Host Sept. 10 Meeting
The Securities and Exchange Commission’s Investor Advisory Committee will host a public meeting at the SEC Headquarters in Washington D.C. on Sept. 10 at 10 a.m. ET to discuss artificial intelligence technologies in the public markets and the SEC’s… SEC Press Release For more information, contact the securities lawyers at Sallah […]
SEC Proposes Rescission of Political Contribution Rule for Investment Advisers
The Securities and Exchange Commission today issued a proposal to rescind its “pay-to-play” rule that prohibits investment advisers from providing compensated investment advisory services to a government client for two years… SEC Press Release For more information, contact the securities lawyers at Sallah Astarita & Cox, at 212-509-6544 or visit Securities Lawyer
