The Securities and Exchange Commission today announced that Renee Jones has been appointed Director of the Division of Corporation Finance. John Coates, the Division’s current Acting Director, has been named SEC General Counsel. Both appointments are… Read the Full Press Release Have a securities law question? Call Sallah Astarita & […]
Other News
SEC Chair Gensler Seeks to Amend 10b5-1
The new SEC chair believes that 10b5-1 plans “have led to real cracks in our insider trading regime” and has asked the SEC Staff to make recommendations for the Commission’s consideration on how they might “freshen up” Rule 10b5-1. In his comments to the CFO Network Summit, he made a […]
SEC Charges Dentist-Turned-Investment Adviser for Three Separate Frauds
The Securities and Exchange Commission today charged Edgar M. Radjabli of Boca Raton, Florida, and two entities he controlled for engaging in three separate securities frauds of escalating size. The SEC’s complaint alleges that Radjabli, formerly a… Read the Full Press Release Have a securities law question? Call Sallah Astarita […]
SEC Announces Annual Regulatory Agenda
The Office of Information and Regulatory Affairs today released the Spring 2021 Unified Agenda of Regulatory and Deregulatory Actions. The report, which includes contributions related to the Securities and Exchange Commission, lists short- and long-term… Read the Full Press Release Have a securities law question? Call Sallah Astarita & Cox […]
Gary Gensler Announces Additions to Executive Staff
The Securities and Exchange Commission today announced the appointments of Amanda Fischer, Lisa Helvin, Tejal D. Shah, Angelica Annino, Liz Bloom, Basmah Nada, and Jahvonta Mason as members of SEC Chair Gary Gensler’s executive staff. “I had the honor… Read the Full Press Release Have a securities law question? Call […]
SEC Investor Advisory Committee to Meet Remotely On June 10
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 […]
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 […]
