The Securities and Exchange Commission today announced charges against Archipelago Trading Services Inc. (ATSI) for failing to file hundreds of legally required reports of suspicious financial transactions, known as Suspicious Activity Reports (SARs),… Read the Full Press Release Have a securities law question? Call New York Securities Lawyers at 212-509-6544. […]
Other News
Impact Theory Charged by SEC for Unregistered Offering of Crypto Asset Securities
The Securities and Exchange Commission (SEC) has taken action against Impact Theory, LLC, a prominent media and entertainment company headquartered in Los Angeles. The SEC has charged the company with engaging in an unregistered offering of crypto asset securities through purported non-fungible tokens (NFTs). Impact Theory managed to accumulate approximately […]
SEC Announces First Fee Rate Advisory for Fiscal Year 2024
The Securities and Exchange Commission today announced that the fees that public companies and other issuers pay to register their securities with the Commission will increase from $110.20 per million dollars to $147.60 per million dollars, effective Oct… Read the Full Press Release Have a securities law question? Call New […]
Wells Fargo Settles with SEC for Charging Excessive Advisory Fees
The SEC has taken action against Wells Fargo Clearing Services LLC and Wells Fargo Advisors Financial Network LLC (collectively referred to as Wells Fargo). The SEC has charged Wells Fargo for the excessive charging of over 10,900 investment advisory accounts, resulting in more than $26.8 million in undue advisory fees. […]
SEC Awards Whistleblower More Than $18 Million
The Securities and Exchange Commission today announced an award of more than $18 million to a whistleblower whose information and assistance led to a successful SEC enforcement action. After initially reporting misconduct internally, the whistleblower… Read the Full Press Release Have a securities law question? Call New York Securities Lawyers […]
SEC Charges 3M with Foreign Corrupt Practices Act Violations Relating to China Subsidiary
The Securities and Exchange Commission today announced that 3M Company agreed to pay more than $6.5 million to resolve charges that it violated the books and records and internal controls provisions of the Foreign Corrupt Practices Act (FCPA). The SEC’s… Read the Full Press Release Have a securities law question? […]
SEC Charges Former Attorney at U.S.-Based Global Law Firm with Insider Trading
The Securities and Exchange Commission today announced insider trading charges against Romero Cabral da Costa Neto for trading based on material, nonpublic information concerning a client of the global law firm where he worked as a visiting attorney from… Read the Full Press Release Have a securities law question? Call […]
SEC Enhances the Regulation of Private Fund Advisers
The Securities and Exchange Commission today adopted new rules and rule amendments to enhance the regulation of private fund advisers and update the existing compliance rule that applies to all investment advisers. The new rules and amendments are… Read the Full Press Release Have a securities law question? Call New […]
SEC Charges Former New Jersey Corrections Officer with Crypto Fraud Scheme Targeting Law Enforcement Personnel
The Securities and Exchange Commission today charged former New Jersey State Correctional Police Officer John A. DeSalvo with fraudulently raising funds through the unregistered offering of the Blazar Token, a crypto asset security he created but that… Read the Full Press Release Have a securities law question? Call New York […]
SEC Reopens Comment Period for Enhanced Safeguarding Rule for Registered Investment Advisers Proposal
The Securities and Exchange Commission today reopened the comment period on its proposed rule that would redesignate and amend the current custody rule under the Investment Advisers Act of 1940 to enhance protections of customer assets managed by… Read the Full Press Release Have a securities law question? Call New […]
