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. […]
Tag: Securities Defense Attorney
Keith E. Cassidy and Natasha Vij Greiner Appointed Deputy Directors of Division of Examinations
The Securities and Exchange Commission today named Keith E. Cassidy and Natasha Vij Greiner as Deputy Directors of the Division of Examinations. “Our examinations function plays an essential role as the eyes and ears on the ground for the Commission,”… Read the Full Press Release Have a securities law question? […]
SEC Announces Departure of Chief of Staff Prashant Yerramalli and Appointment of Amanda Fischer to the Role
The Securities and Exchange Commission today announced that Chief of Staff Prashant Yerramalli will leave the agency, effective Dec. 31, 2022. Amanda Fischer, currently Senior Counselor to Chair Gary Gensler, will be appointed Chief of Staff, effective… Read the Full Press Release Have a securities law question? Call New York […]
Why is the Powerball so Large?
I will admit, a billion dollar prize got my attention, and my friends and I have been buying tickets. But why is the big prize so big? CNN has a theory – its the FED! It actually makes sense. Keep in mind that no one takes the annuity payout; everyone […]
SEC Announces Enforcement Results for FY22
The Securities and Exchange Commission today announced that it filed 760 total enforcement actions in fiscal year 2022, a 9 percent increase over the prior year. These included 462 new, or “stand alone,” enforcement actions, a 6.5 percent increase over… Read the Full Press Release Have a securities law question? […]
Morgan Stanley Advisors Leaving Over New Account Restrictions
Morgan Stanley is increasing its account minimum requirements for international clients and is set to close or suspend thousands of domestic and offshore wealth management accounts as part of a due diligence review, according to Citywire. The firm informed staff on Tuesday morning that accounts with less than $5m currently […]
SEC Charges Pharmaceutical Co. Chief Information Officer in $8 Million Insider Trading Scheme
The Securities and Exchange Commission today announced insider trading charges against Ramkumar Rayapureddy, Chief Information Officer of pharmaceutical company Viatris Inc., which was formerly known as Mylan N.V. The SEC’s complaint, filed in the… Read the Full Press Release Have a securities law question? Call New York Securities Lawyers at […]
Cannabis Company and Former Senior Executive Settle Accounting Fraud Charges
Oct. 24, 2022 — The Securities and Exchange Commission today charged Cronos Group Inc., a Nasdaq-listed cannabis company based in Toronto, for improperly accounting for millions of dollars of revenue and for other accounting misconduct in multiple reporting periods. The SEC also charged Cronos’s former Chief Commercial Officer, William Hilson, […]
Mattel Settles SEC Charges, Case Against its Former PwC Audit Partner Pending
Oct. 21, 2022 — The Securities and Exchange Commission today announced that California-based Mattel Inc. has agreed to pay $3.5 million to settle charges relating to misstatements in its third and fourth quarter 2017 financial statements. Separately, the SEC is initiating litigation against Joshua Abrahams, a former audit partner at […]
SEC Reopens Comment Periods for Several Rulemaking Releases Due to Technological Error in Receiving Certain Comments
The Securities and Exchange Commission today reopened the public comment periods for 11 Commission rulemaking releases and one request for comment due to a technological error that resulted in a number of public comments submitted through the Commission’… Read the Full Press Release Have a securities law question? Call New […]
