The Securities and Exchange Commission will hold a virtual event on April 28 along with the North American Securities Administrators Association (NASAA) and the AARP to examine the latest challenges and issues affecting the senior investor community.… Read the Full Press Release Have a securities law question? Call New York […]
Other News
UBS Pays $14.1 Million Defamation Award to Compliance Officer
After years of appealing the arbitrators’ decision, UBS finally pays. The appeals of the original arbitration award increased the amount UBS had to pay by a reported $3 million. According to AdvisorHub, in his arbitration complaint filed in June 2018, the compliance officer alleged UBS defamed him on his U5 […]
Former Domino’s Pizza Accountant to Pay Nearly $2 Million Penalty for Insider Trading
April 21, 2022 — The Securities and Exchange Commission today announced a court-approved settlement requiring a Michigan-based former accountant at Domino’s Pizza Inc. to pay a penalty of nearly $2 million for insider trading in the company’s stock. The SEC’s complaint, filed April 13, 2022 in the U.S. District Court […]
SEC Charges Stericycle with Bribery Schemes in Latin America
Washington D.C., April 20, 2022 —The Securities and Exchange Commission today announced charges against Stericycle, Inc. for violations of the Foreign Corrupt Practices Act (FCPA) arising out of bribery schemes that took place in Argentina, Brazil, and Mexico. The company has agreed to pay more than $84 million to settle […]
Twitter Board Fears Losing Their Job?
Musk’s offer to buy Twitter is obviously creating a stir, and the conspiracy theorists are at it again. It is so bad, my office is getting calls about it. Just today we received a call from a shareholder who wants to sue the Twitter Board of Directors for not accepting […]
SEC Uncovers $194 Million Penny Stock Schemes that Spanned Three Continents
The Securities and Exchange Commission today announced charges against 16 defendants, located in the Bahamas, the British Virgin Islands, Bulgaria, Canada, the Cayman Islands, Monaco, Spain, Turkey, and the United Kingdom, for participating in multi-year… Read the Full Press Release Have a securities law question? Call New York Securities Lawyers […]
SEC Charges Senior Executive of Brazilian Company with Fraud
The Securities and Exchange Commission today announced charges against Fernando Passos, the former executive vice president of finance and investor relations of Brazilian reinsurance company IRB Brasil Resseguros S.A., for allegedly planting a false… Read the Full Press Release Have a securities law question? Call New York Securities Lawyers at […]
SEC Asset Freeze In Case of $450 Million Ponzi Scheme
April 15, 2022 – The Securities and Exchange Commission today announced charges and an asset freeze against several Las Vegas-area individuals and companies allegedly behind a nearly half-billion dollar Ponzi scheme involving purported personal injury settlements. The SEC charged certain defendants with violations of the antifraud provisions of the federal […]
Fee Rate Advisory #1 for Fiscal Year 2022
The Securities and Exchange Commission today announced that starting on May 14, 2022, the fee rates applicable to most securities transactions will be set at $22.90 per $1 million. Consequently, each SRO will continue to pay the Commission a rate… Read the Full Press Release Have a securities law question? […]
SEC Proposes Rules for the Registration and Regulation of Security-Based Swap Execution Facilities
April 6, 2022 —The Securities and Exchange Commission today proposed new Regulation SE under the Securities Exchange Act of 1934 (the Exchange Act). The Regulation will create a regime for the registration and regulation of security-based swap execution facilities (SBSEFs). The new regulatory framework was one of the major reforms […]
