October 3, 2022 – The Securities and Exchange Commission today announced charges against and settlement with, Kim Kardashian for touting on social media a crypto asset security offered and sold by EthereumMax without disclosing the payment she received for the promotion. Section 17(b) of the Securities Act makes it unlawful […]
Tag: Securities Defense Attorney
SEC Monitoring Impact of Hurricanes Ian and Fiona on Capital Markets
SEC Chair Gary Gensler has directed the staff to carefully monitor developments as a result of Hurricanes Ian and Fiona. While the safety of local residents is the highest priority, the SEC invites inquiries from any person with obligations under the… Read the Full Press Release Have a securities law […]
SEC Charges Audit Firm RSM and Three Senior-Level Employees with Failure to Properly Conduct Client Audits
The Securities and Exchange Commission today charged audit firm RSM US LLP and three senior-level employees with improper professional conduct for failing to properly audit Revolution Lighting Technologies Inc.’s (“Revolution”) financial statements over… Read the Full Press Release Have a securities law question? Call New York Securities Lawyers at 212-509-6544. […]
SEC Charges Eight in Scheme to Fraudulently Promote Securities Offerings
The Securities and Exchange Commission today announced charges against six individuals and two companies for their involvement in a fraudulent scheme to promote the securities of issuers that were conducting (or purporting to conduct) offerings pursuant… Read the Full Press Release Have a securities law question? Call New York Securities […]
SEC Charges Man for Defrauding Investors out of Millions of Dollars by Posing as Hedge Fund Billionaire
The Securities and Exchange Commission today charged Justin Costello for using a false persona, as a Harvard-educated military veteran and hedge fund billionaire, to defraud investors out of millions of dollars. The SEC also charged Costello and David… Read the Full Press Release Have a securities law question? Call New […]
Barclays Agrees to a $361 Million Settlement to Resolve SEC Charges Relating to Over-Issuances of Securities
The Securities and Exchange Commission today charged Barclays PLC and Barclays Bank PLC (BBPLC) in connection with the unregistered offer and sale of an unprecedented amount of securities due to a failure to implement any internal control to track such… Read the Full Press Release Have a securities law question? […]
SEC Charges 16 Wall Street Firms with Widespread Recordkeeping Failures
The Securities and Exchange Commission today announced charges against 15 broker-dealers and one affiliated investment adviser for widespread and longstanding failures by the firms and their employees to maintain and preserve electronic communications.… Read the Full Press Release Have a securities law question? Call New York Securities Lawyers at 212-509-6544. […]
SEC Charges Cheetah Mobile’s CEO and its Former President with Insider Trading
September 21, 2022 – The Securities and Exchange Commission today charged the CEO of Cheetah Mobile Inc. and the company’s former President with insider trading for selling Cheetah Mobile’s securities, pursuant to a purported 10b5-1 trading plan, while in possession of material nonpublic information. The SEC’s order finds that Sheng […]
Office of the Investor Advocate Releases Research Study on Fund Performance Benchmarks
Researchers from the SEC’s Office of the Investor Advocate (OIAD) released an independent research study examining the impact of mutual fund performance benchmarks on investor decision-making, and potential strategic behavior by firms in displaying… Read the Full Press Release Have a securities law question? Call New York Securities Lawyers at […]
MSSB Computers with Personal Financial Information Sold on Internet
We would think in this day and age that our large financial institutions have a handle on how to protect our personal financial information. We are constantly reminded to protect that information. Our nation’s financial institutions receive such reminders and are required by law to protect their customer’s information. One […]