The Securities and Exchange Commission today charged Joshua L. Rupp of Michigan for engaging in securities fraud and for acting as an unregistered broker-dealer. The SEC’s complaint, filed in the U.S. District Court for the Western District of… Read the Full Press Release Have a securities law question? Call Sallah […]
Other News
SEC Issues Substituted Compliance Determination for France
The Securities and Exchange Commission today announced the approval of a substituted compliance determination order with respect to security-based swap dealers and major security-based swap participants (SBS Entities) subject to regulation in the French… Read the Full Press Release Have a securities law question? Call Sallah Astarita & Cox at […]
SEC Charges 27 Financial Firms for Form CRS Filing and Delivery Failures
The Securities and Exchange Commission today announced that 21 investment advisers and 6 broker-dealers have agreed to settle charges that they failed to timely file and deliver their client or customer relationship summaries – known as Form CRS – to… Read the Full Press Release Have a securities law question? […]
SEC Charges California Resident in Microcap Fraud Scheme Targeting Retail Investors
The Securities and Exchange Commission today announced that it has filed an emergency action charging California resident Charlie Abujudeh with running microcap fraud schemes targeting retail investors. According to the SEC’s complaint filed today in U.… Read the Full Press Release Have a securities law question? Call Sallah Astarita & […]
SEC Halts Alleged Ongoing Offering Fraud Involving Cycling Companies
The Securities and Exchange Commission today announced an emergency action including a temporary restraining order and asset freeze to stop an alleged fraudulent offering of securities and misappropriation of investor assets by Outdoor Capital Partners… Read the Full Press Release Have a securities law question? Call Sallah Astarita & Cox […]
YJ Fischer to Join SEC as Director of the Office of International Affairs
The Securities and Exchange Commission today announced the appointment of YJ Fischer as Director of the Office of International Affairs (OIA), effective Aug. 2. Ms. Fischer previously served in various roles at the U.S. State Department during the… Read the Full Press Release Have a securities law question? Call Sallah Astarita […]
SEC Charges Retailer and Former CEO for Accounting, Reporting, and Control Failures
The Securities and Exchange Commission today announced that Fort Worth, Texas, specialty retailer Tandy Leather Factory Inc. and its former chief executive officer Shannon Greene have agreed to settle charges for accounting, reporting, and control… Read the Full Press Release Have a securities law question? Call Sallah Astarita & Cox […]
SEC Awards Nearly $3 Million to Whistleblower
The Securities and Exchange Commission today announced an award of nearly $3 million to a whistleblower whose information and assistance led to a successful SEC enforcement action. “The whistleblower alerted the SEC to previously unknown conduct and then provided substantial additional assistance, which conserved a considerable amount of SEC resources,” […]
SEC Charges Portfolio Manager with Using Forged Document to Offer Securities
Securities and Exchange Commission v. Thomas Nicholas Salzano, 2:21-cv-12189 (D.N.J. filed June 7, 2021) The Securities and Exchange Commission charged Thomas Nicholas Salzano, of Secaucus, New Jersey, with using a sham loan document containing a forged signature in a fraudulent attempt to entice a $150,000 investment in a real estate […]
SEC Obtains $7 Million Judgment and Bar for CEO and Board Chairman
Securities and Exchange Commission v. Suneet Singal, First Capital Real Estate Investments, LLC, First Capital Real Estate Advisors LP, and First Capital Real Estate Trust Inc., No. 19-cv-11452 (S.D.N.Y. filed December 13, 2019) On July 13, 2021, the United States District Court for the Southern District of New York entered […]
