The Securities and Exchange Commission today charged Apostolos Trovias, a Greek national, with perpetrating a fraudulent scheme to sell what he called “insider trading tips” on the Dark Web. The Dark Web, which facilitates anonymity by obscuring users’… Read the Full Press Release Have a securities law question? Call Sallah […]
Other News
SEC Charges Three Individuals with Insider Trading
The Securities and Exchange Commission today charged three individuals with insider trading in advance of an announcement by Long Blockchain Company (formerly known as Long Island Iced Tea Co.) that it was going to “pivot” from its existing beverage… Read the Full Press Release Have a securities law question? Call Sallah […]
SEC Charges Company and Two Executives for Misleading COVID-19 Disclosures
The Securities and Exchange Commission today announced charges against Parallax Health Sciences Inc. for making misleading statements about its efforts to fight COVID-19. The SEC also charged Parallax’s Chief Executive Officer Paul Arena and its… Read the Full Press Release Have a securities law question? Call Sallah Astarita & Cox […]
Why Clients Fire Financial Advisors
Why Clients Fire Financial Advisors: Clients leave for many reasons, but many can be headed off with some advance planning, columnist Bryce Sanders writes. 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, LLC
Merrill Lynch Penalized $11.6 Million For Improper UIT Rollovers
Merrill Lynch Penalized $11.6 Million For Improper UIT Rollovers: The transactions forced clients to pay millions of dollars in needless fees, according to FINRA. A UIT is an investment company that offers investors shares, or “units,” in a fixed portfolio of securities in a one-time public offering that terminates […]
Ex-Wells Fargo Duo With $580M AUM Goes Independent With LPL
Ex-Wells Fargo Duo With $580M AUM Goes Independent With LPL: Arise Private Wealth operates in Rolling Hills Estates, Calif. 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, LLC
UBS To Let Two-Thirds Of Employees Adopt Permanent Hybrid Work
UBS To Let Two-Thirds Of Employees Adopt Permanent Hybrid Work: The move by UBS is in stark contrast with many of its U.S. rivals that are calling most workers back to the office. The Securities Law Blog is a service of SECLaw.com, and Mark Astarita, a national securities lawyer with […]
Order Execution Systems Require Broker-Dealer Registration
The definition of a broker and dealer can sometimes be confusing, but one thing is clear. A person or entity who executes transactions for others on a securities exchange is clearly a broker. Broker-dealer registration isn’t quick or easy, but with experienced counsel, it can be done. Given the alternative […]
SEC Charges Hedge Fund Trader in Lucrative Front-Running Scheme
The Securities and Exchange Commission today announced fraud charges against Sean Wygovsky, a trader at a major Canada-based asset management firm, in connection with a long-running and lucrative front-running scheme that Wygovsky perpetrated in the… Read the Full Press Release Have a securities law question? Call Sallah Astarita & Cox […]
SEC Issues Agenda for July 7 Meeting of Asset Management Advisory Committee
The Securities and Exchange Commission today released the agenda for the July 7 meeting of the Asset Management Advisory Committee (AMAC). The meeting will include a discussion of matters in the asset management industry relating to: (1) the ESG,… Read the Full Press Release Have a securities law question? Call […]
