The Securities and Exchange Commission’s Investor Advisory Committee will hold a public meeting on June 10 by remote means. The meeting will begin at 10 a.m. ET, is open to the public via live webcast, and will be archived on the… Read the Full Press Release Have a securities law question? Call Sallah Astarita […]
Other News
SEC Charges Couple With Insider Trading on Confidential Clinical Trial Data
The Securities and Exchange Commission today charged a New York-based couple with insider trading in the stock of the pharmaceutical company where one of them worked as a clinical trial project manager. The defendants have agreed to pay more than $… Read the Full Press Release Have a securities law question? […]
New York Guidance on State Securities Filing Rules
New York has released additional guidance on recent rule amendments prepared by the Investor Protection Bureau (IPB) and adopted in 2020. Through these new rules, the Office of the Attorney General (OAG) has increased transparency for the public into the investment adviser representatives and securities issuers operating in New York state. […]
FINRA Reverses Hearing Panel Decision and Dismisses Complaint against Sallah Astarita & Cox client.
In an unusual reversal and dismissal, Mark Astarita of Sallah Astarita & Cox, LLC obtained a full reversal of a Hearing Panel decision in an enforcement proceeding that barred his client for life and ordered him to pay $250,000 in restitution, plus 6 years of interest. The case, which was […]
What is an Exempt Transaction
As it relates to the United States securities law, an exempt transaction is simply a transaction for which registration is not required. To put this in context, virtually any time someone invests money, a securities transaction is involved, and all securities transactions require registration with the government, unless exempt. There […]
Can a Non-Citizen Be An Accredited Investor?
There is no residency or citizenship requirement in the definition of an accredited investor. Many entities and individuals are accredited investors. Rule 501 of Regulation D defines the term. For individuals, accredited investors include: Any director, executive officer, or general partner of the issuer of the securities being offered or sold, or any director, executive officer, […]
SEC Approves Registration of First Security-Based Swap Data Repository
The Securities and Exchange Commission today announced that it has approved the registration of its first security-based swap data repository (SDR). With today’s registration of DTCC Data Repository (U.S.), LLC (DDR), the security-based swap market now… Read the Full Press Release Have a securities law question? Call Sallah Astarita & […]
SEC Awards More Than $23 Million to Whistleblowers
The Securities and Exchange Commission today announced awards of approximately $13 million and $10 million to two whistleblowers whose information and assistance led to successful SEC and related actions. The whistleblowers’ substantial assistance, provided to the SEC and another federal agency, included submitting information and documents, participating in interviews, and […]
James Sallah as Receiver, Gets Value for Defrauded Investors
When James Sallah of Sallah Astarita & Cox, LLC was appointed the receiver for a software company that had been raided by the FBI it had nothing, but software. Rather than putting the company into bankruptcy, which would virtually ensure that the investors would receive nothing, Sallah used a little-known […]
Sallah Astarita & Cox Announces Jeffrey Cox Teaching Appointment
Sallah Astarita & Cox, LLC is pleased to announce that founding partner, Jeffrey L. Cox, will be co-teaching a course entitled “White Collar Crime” as an Adjunct Professor at Florida International University’s (FIU) College of Law this upcoming Fall semester. Mr. Cox’s teaching will be based on his more than […]
