The Securities and Exchange Commission today charged Ilit Raz, CEO and founder of the now-shuttered artificial intelligence recruitment startup Joonko, with defrauding investors of at least $21 million by making false and misleading statements about the… SEC Press Release
Other News
SEC Appoints Erica Y. Williams to a Second Term as PCAOB Chairperson
The Securities and Exchange Commission today announced the appointment of Erica Y. Williams to a second term as Chairperson of the Public Company Accounting Oversight Board (PCAOB) beginning on Oct. 25, 2024, and running through Oct. 24, 2029. “I thank… SEC Press Release
SEC Charges Three New Yorkers for Raising More Than $184 Million Through Pre-IPO Fraud Schemes
Washington D.C., June 7, 2024 — The Securities and Exchange Commission (SEC) has charged three individuals with fraud for selling unregistered membership interests in LLCs claiming to invest in pre-IPO company shares. Initially, these sales were made on behalf of StraightPath Venture Partners LLC, which was the subject of the […]
SEC Invites Regulated Entities to Submit Self-Assessments of Diversity Policies and Practices
The Securities and Exchange Commission has commenced its biennial collection of Diversity Self-Assessment Submissions from Regulated Entities. Engaging in a self-assessment provides an opportunity for organizations to closely review their diversity and… SEC Press Release
New AML Rules for Investment Advisers
On May 13, 2024, the SEC and the US Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) jointly issued a proposed rule (the Proposal) that, if adopted, would impose new anti-money laundering and countering the financing of terrorism (AML/CFT) compliance obligations on registered investment advisers (RIAs) and exempt reporting […]
SEC to Close Salt Lake Regional Office
The Securities and Exchange Commission today announced that it will close its Salt Lake Regional Office (SLRO) later this year, reducing its regional footprint from 11 regional offices to 10. The SLRO has long been the SEC’s smallest regional office and… SEC Press Release
SEC Investor Advisory Committee to Examine the New Frontier for Investment Advice and Discuss AI Regulation at June 6 Meeting
Washington D.C., May 31, 2024 — The Securities and Exchange Commission’s Investor Advisory Committee will hold a virtual public meeting on June 6, 2024, at 10 a.m. ET. The meeting will be webcast on the SEC website. The committee will host two panels: Examining the New Frontier for Investment Advice; […]
SEC Charges Robert Scott Murray and Trillium Capital with Fraudulent Scheme to Manipulate Getty Images Stock
Massachusetts resident liquidated his Getty Images stock holdings after sham offer to buy company drove up its stock price Overview of the Allegations The Securities and Exchange Commission (SEC) has charged Robert Scott Murray and Trillium Capital LLC with a fraudulent scheme aimed at manipulating the stock price of Getty […]
SEC Charges Advisory Firm Mass Ave Global and Co-Founder and CEO Winston Feng with False Statements and Undisclosed Conflicts
The Securities and Exchange Commission today instituted settled proceedings against formerly registered investment adviser Mass Ave Global Inc. (MassAve) and its co-founder and CEO Winston M. Feng for making false and misleading statements to investors… SEC Press Release
SEC Charges Intercontinental Exchange and New York Stock Exchange with Cyber Intrusion Failure
Background of the Cyber Intrusion Incident The Securities and Exchange Commission (SEC) announced that Intercontinental Exchange, Inc. (ICE) will pay a $10 million penalty. This penalty is due to ICE’s failure to ensure nine of its subsidiaries, including the New York Stock Exchange, promptly informed the SEC of a cyber […]
