The Securities and Exchange Commission today announced the appointments of Corey Klemmer, Adam Large, Mika Morse, Sirimal Mukerjee, and Sai Rao to Chair Gary Gensler’s policy staff, led by the Policy Director Heather Slavkin Corzo. “I am pleased that… Read the Full Press Release Have a securities law question? Call […]
Tag: Securities Lawyer
SEC Charges Executives of Network Infrastructure Company With Accounting Fraud
The Securities and Exchange Commission today charged the former CEO and CFO of FTE Networks Inc., a network infrastructure company formerly based in Naples, Florida, with conducting a multi-year accounting fraud. This alleged scheme involved inflating… Read the Full Press Release Have a securities law question? Call Sallah Astarita & […]
Merrill Lynch Penalized $11.6 Million For Improper UIT Rollovers
Merrill Lynch Penalized $11.6 Million For Improper UIT Rollovers: The transactions forced clients to pay millions of dollars in needless fees, according to FINRA. A UIT is an investment company that offers investors shares, or “units,” in a fixed portfolio of securities in a one-time public offering that terminates […]
Ex-Wells Fargo Duo With $580M AUM Goes Independent With LPL
Ex-Wells Fargo Duo With $580M AUM Goes Independent With LPL: Arise Private Wealth operates in Rolling Hills Estates, Calif. The Securities Law Blog is a service of SECLaw.com, and Mark Astarita, a national securities lawyer with the law firm of Sallah Astarita & Cox, LLC
SEC Issues Agenda for July 7 Meeting of Asset Management Advisory Committee
The Securities and Exchange Commission today released the agenda for the July 7 meeting of the Asset Management Advisory Committee (AMAC). The meeting will include a discussion of matters in the asset management industry relating to: (1) the ESG,… Read the Full Press Release Have a securities law question? Call […]
SEC Charges San Francisco Bay Area Finance Employee and Friend With Insider Trading
The Securities and Exchange Commission today announced settled insider trading charges against Bay Area finance employee Mounir N. Gad and his friend Nathan E. Guido. According to the SEC’s orders against Gad and Guido, Gad worked for a Northern… Read the Full Press Release Have a securities law question? Call […]
SEC Charges Self-Proclaimed Real Estate “Dealmaker” With Multiple Offering Frauds and Misappropriation of Investor Funds
The Securities and Exchange Commission today announced charges against Matthew J. Skinner of Santa Clarita, California, and five entities he owns and controls – Empire West Equity Inc., Bayside Equity LP, Longacre Estates LP, Freedom Equity Fund LLC, and… Read the Full Press Release Have a securities law question? Call […]
Joint Readout of Principals Meeting of U.S. and UK Authorities Regarding Central Counterparty Resolution
Senior officials from the Securities and Exchange Commission, Federal Deposit Insurance Corporation, Commodity Futures Trading Commission, Federal Reserve Board, and the Bank of England convened a virtual meeting today to discuss certain issues… Read the Full Press Release Have a securities law question? Call Sallah Astarita & Cox at 212-509-6544. The […]
Amec Foster Wheeler Fined $22 Million for FCPA Violations
As the Securities and Exchange Commission announced charges against Amec Foster Wheeler Limited (Foster Wheeler) for violations of the Foreign Corrupt Practices Act (FCPA) arising out of a bribery scheme that took place in Brazil, the company has agreed to pay more than $43 million related to this scheme, including […]
SEC Awards More Than $1 Million to Whistleblower
The Securities and Exchange Commission today announced an award of more than $1 million to a whistleblower whose information and assistance led to multiple successful SEC enforcement actions. The whistleblower provided SEC staff with valuable… Read the Full Press Release Have a securities law question? Call Sallah Astarita & Cox at […]