The Law of the Financial Markets from Top Securities Lawyers
Sunday, September 21, 2025
SEC Takes Action Against Carl Icahn and Icahn Enterprises L.P. The Securities and Exchange Commission (SEC) recently announced significant charges against Carl C. Icahn and his publicly traded company, Icahn Enterprises L.P. (IEP). These charges stem from Icahn’s failure to disclose critical information regarding his use of IEP securities as […]
SEC Halts Alleged $300 Million Ponzi Scheme by Drive Planning LLC and CEO Russell Todd Burkhalter The Securities and Exchange Commission (SEC) has obtained a preliminary injunction and asset freeze against Atlanta-based Drive Planning LLC and its founder and CEO, Russell Todd Burkhalter, to stop a $300 million real estate […]
The SEC has announced charges against OTC Link LLC, a New York-based broker-dealer, for failing to file Suspicious Activity Reports (SARs) for over three years. OTC Link has agreed to pay a $1.19 million penalty to settle the charges. Background Broker-dealers like OTC Link are required to file […]
SEC Cracks Down on Ideanomics and Executives for Fraudulent Activities The SEC has settled fraud charges against Ideanomics, Inc., its former Chairman and CEO Zheng (Bruno) Wu, and current CEO Alfred Poor, for misleading the public about the company’s financial performance between 2017 and 2019. Key Highlights: Misleading revenue […]
Mark J. Astarita, Esq. is a nationally recognized securities attorney, representing clients in securities investigations, arbitrations and litigation matters across the country. You can contact him at 212-509-6544 or by email at mja@sallahlaw.com Securities law is a specialized field of law encompassing various types of securities lawyers. Transactional securities lawyers […]
By: Mark J. Astarita, Esq. Defending an SEC Investigation Do you need an SEC Investigation Attorney? The answer is probably yes, since facing an SEC investigation can be intimidating for individuals or organizations, and defending against it requires expertise and insight. The SEC is a powerful regulatory entity that can […]
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 […]
Two SEC Attorneys Resign The SEC’s Juridical Blunders The SEC encountered severe criticism following actions perceived as excessively authoritarian in its regulatory endeavors. These actions precipitated a legal reproach and subsequent resignations from the agency, highlighting the contentious and challenging landscape of regulatory practices within the nascent realm of cryptocurrency. […]
On March 1, 2024, the Securities and Exchange Commission (SEC) announced that it has brought an enforcement action involving HG Vora Capital Management LLC, a New York-based investment advisory firm. This case underscores the critical importance of timely and transparent ownership disclosures in the financial world, especially in the context […]
SEC Charges Lordstown Motors with Misleading Investors Regarding Flagship Electric Vehicle Washington D.C., Feb. 29, 2024 —The Securities and Exchange Commission (SEC) has taken action against Lordstown Motors Corp., alleging that the company misled investors regarding the sales prospects of its flagship electric pickup truck, the Endurance. Lordstown, which underwent […]
