The Law of the Financial Markets from Top Securities Lawyers
Saturday, April 4, 2026
October 31, 2022 – The Securities and Exchange Commission today charged six individuals, including a federal inmate, for conducting a freeriding scheme that defrauded multiple broker-dealers. Bogus Deposits to Brokerage Accounts The SEC’s complaint alleges that from May 2019 to early January 2021, Syed Arham Arbab, 25, and five others […]
The Securities and Exchange Commission today adopted amendments to Form N-PX to enhance the information mutual funds, exchange-traded funds, and certain other registered funds report about their proxy votes. The amendments will make these funds’ proxy… Read the Full Press Release Have a securities law question? Call New York Securities […]
The Securities and Exchange Commission today voted to propose amendments to better prepare open-end funds for stressed conditions and to mitigate dilution of shareholders’ interests. The rule and form amendments would enhance how funds manage their… Read the Full Press Release Have a securities law question? Call New York Securities […]
In addition to paying $810 million settlement to resolve a shareholder class action against Twitter Inc., it will have to pay an additional $182 million in attorneys fees, according to Reuters. The lawsuit, filed in 2016, well before Musk brough up the issue, accused the social media company of deceiving […]
There is an excellent overview of the FTX collapse at MSNBC, at https://www.msnbc.com/opinion/msnbc-opinion/ftx-collapse-sam-bankman-frieds-crypto-rcna57263—– Visit The Securities Lawyer at www.securitieslawyer.us
With only 4% of customer complaints being expunged, FINRA is bowing to pressure, presumably from the customer attorneys’ bar, to again make it more difficult to remove false claims from a broker’s public record. FINRA’s recent proposed amendment seeks to make expungement an even more extraordinary remedy by preventing anyone […]
Nov. 2, 2022 — The Securities and Exchange Commission today charged Jebara Igbara, the founder of Halal Capital LLC, in connection with a more than $8 million scheme that targeted investors from the New York metropolitan area’s Muslim community. According to the SEC’s complaint filed in federal court in Brooklyn, […]
The Securities and Exchange Commission today instituted administrative proceedings against American CryptoFed DAO LLC (American CryptoFed), a Wyoming-based organization, to determine whether a stop order should be issued to suspend the registration of… Read the Full Press Release Have a securities law question? Call New York Securities Lawyers at 212-509-6544. […]
Nov. 17, 2022 — The Securities and Exchange Commission today charged Jeffrey K. Galvani, Stuart A. Jeffery, and two New York-based entities they controlled with operating as unregistered broker-dealers that facilitated more than $1.2 billion of securities trading, primarily in penny stocks. The SEC’s complaint alleges that Galvani and Jeffery […]
Nov. 4, 2022 — The Securities and Exchange Commission today announced charges against Douver Torres Braga, Joff Paradise, Keleionalani Akana Taylor, and Jonathan Tetreault for their roles in Trade Coin Club, a fraudulent crypto Ponzi scheme that raised more than 82,000 bitcoin, valued at $295 million at the time, from […]
