The Securities and Exchange Commission today charged BNY Mellon Investment Adviser, Inc. for misstatements and omissions about Environmental, Social, and Governance (ESG) considerations in making investment decisions for certain mutual funds that it… Read the Full Press Release Have a securities law question? Call New York Securities Lawyers at 212-509-6544.
Other News
Wells Fargo Advisors Pays $7 Million for SEC Anti-Money Laundering Violations
Washington D.C., May 20, 2022 — The Securities and Exchange Commission today announced charges against Wells Fargo Advisors for failing to file at least 34 Suspicious Activity Reports (SARs) in a timely manner between April 2017 and October 2021. Wells Fargo Advisors, the St. Louis-based broker-dealer, has agreed to pay […]
SEC’s ALJ Problems…Again
Readers will recall my exploits with the SEC’s ALJ system a few years back, where my client, and others, were forced into that system rather than federal court, lost at trial with significant procedural and due process right violations. We appealed to the Commission, argued the appeal before the Commission […]
SEC Obtains Emergency Relief to Halt Pre-IPO Stock Fraud Scheme by Unregistered Broker-Dealer
The Securities and Exchange Commission today announced that it obtained asset freezes and other emergency relief against StraightPath Venture Partners LLC, StraightPath Management LLC, Brian K. Martinsen, Michael A. Castillero, Francine A. Lanaia, and… Read the Full Press Release Have a securities law question? Call New York Securities Lawyers at […]
Allianz and Portfolio Managers Charged with Multibillion Dollar Securities Fraud
The SEC has charged Allianz Global Investors U.S. LLC (AGI US) and three former senior portfolio managers with a massive fraudulent scheme that concealed the immense downside risks of a complex options trading strategy they called “Structured Alpha.” AGI US marketed and sold the strategy to approximately 114 institutional investors, […]
Representation of Investors in EminiFX
According to the US Attorney for the Southern District of New York, and the Commodity Futures Trading Commission, Eddy Alexandre the leader of a purported cryptocurrency and forex trading platform called EminiFX, has been charged with commodities fraud and wire fraud offenses. The CFTC also obtained an order from the […]
Work-from-home stocks are getting crushed
News from CNN.com News: What you need to know about the markets Work-from-home stocks are getting crushed You remember the early days of the pandemic, when millions of office workers started doing their jobs from home for the first time. Read more » Here’s what’s getting more expensive at […]
SEC Extends Comment Period for Proposed Rules on Climate-Related Disclosures, Reopens Comment Periods for Proposed Rules Regarding Private Fund Advisers and Regulation ATS
May 9, 2022 — The Securities and Exchange Commission today announced that it has extended the public comment period on the proposed rulemaking to enhance and standardize climate-related disclosures for investors until June 17, 2022. The SEC also announced that it will reopen the comment periods on the proposed rulemaking […]
SEC Charges NVIDIA Corporation with Inadequate Disclosures about Impact of Cryptomining
The Securities and Exchange Commission today announced settled charges against technology company NVIDIA Corporation for inadequate disclosures concerning the impact of cryptomining on the company’s gaming business. The SEC’s order finds that, during… Read the Full Press Release Have a securities law question? Call New York Securities Lawyers at 212-509-6544.
SEC Issues $3.5 Million Award to Four Whistleblowers
Washington D.C., May 6, 2022 — The Securities and Exchange Commission today announced a total award of nearly $3.5 million to four whistleblowers who provided information and assistance in a single covered action. Three joint whistleblowers provided Commission staff with information that caused the staff to open a new investigation […]
