The Securities and Exchange Commission announced an award of over $50 million to joint whistleblowers whose information alerted SEC staff to violations that involved highly complex transactions and would have been difficult to detect without their information. The joint whistleblowers provided exemplary assistance to the SEC staff during the investigation, […]
Tag: Securities Law
SEC Awards $40 Million to Two Whistleblowers
The Securities and Exchange Commission announced awards of approximately $40 million to two whistleblowers whose information and assistance contributed to the success of an SEC enforcement action. The first whistleblower, whose information caused the opening of the investigation and exposed difficult-to-detect violations, will receive an award of approximately $32 million. […]
SEC Charges Hemp Company and Co-Founders With Fraud
The Securities and Exchange Commission today charged CanaFarma Hemp Products Corp. and its co-founders with fraudulently raising approximately $15 million from investors, and misappropriating a significant portion of the investor funds for personal use… Read the Full Press Release Have a securities law question? Call Sallah Astarita & Cox at […]
Rogue Trader Settles Enforcement Action, Criminal Charges Pending
The SEC filed charges against Keith A. Wakefield, a former managing director and head of fixed-income trading at IFS Securities, Inc., an Atlanta-based broker-dealer, causing millions of dollars of losses through unauthorized trading in fixed income securities, and with fraudulently obtaining approximately $820,000 in fictitious commission income. According to the […]
SEC Charges Webcast Host for Role in Market Manipulation Scheme
The Securities and Exchange Commission yesterday announced charges against Mark Melnick, the host of a stock trading webcast, for spreading more than 100 false rumors about public companies in order to generate illicit profits. The SEC previously charged… Read the Full Press Release Have a securities law question? Call Sallah […]
SEC Charges Rogue Trader Who Bankrupted His Firm
The Securities and Exchange Commission today charged Keith A. Wakefield, a former managing director and head of fixed income trading at IFS Securities, Inc., an Atlanta-based broker-dealer, with causing millions of dollars of losses through unauthorized… Read the Full Press Release Have a securities law question? Call Sallah Astarita & […]
SEC Atlanta Regional Office to Co-Host “Money and Markets: Trends and Risks for Retail Investors”
The Securities and Exchange Commission’s Atlanta Regional Office and the University of Georgia School of Law will co-host a panel discussion on “Money and Markets: Trends and Risks for Retail Investors” on Thursday, Oct. 5, 2021, from 5-6:15 p.m. ET.… Read the Full Press Release Have a securities law question? […]
Erik Gerding joins Division of Corporation Finance as Deputy Director, Legal and Regulatory Policy
The Securities and Exchange Commission today announced that Erik Gerding has been named Deputy Director, Legal and Regulatory Policy, for the Division of Corporation Finance, effective Oct. 4, 2021. Erik comes to the SEC from the University of Colorado… Read the Full Press Release Have a securities law question? Call […]
SEC Charges World’s Largest Advertising Group with FCPA Violations
The Securities and Exchange Commission today announced that London-based WPP plc, the world’s largest advertising group, has agreed to pay more than $19 million to resolve charges that it violated the anti-bribery, books and records, and internal… Read the Full Press Release Have a securities law question? Call Sallah Astarita […]
Oil and Gas Executives Settle SEC Charges of Misleading Investors in More Than a Dozen Oil and Gas Securities Offerings
The Securities and Exchange Commission today charged Thomas Powell and Stefan Toth, and their entities, Resolute Capital Partners LTD LLC and Homebound Resources LLC, with making material misrepresentations and omissions in connection with more than a dozen unregistered oil and gas securities offerings. Powell and Toth were also charged with […]
