The Securities and Exchange Commission today announced awards of approximately $13 million and $10 million to two whistleblowers whose information and assistance led to successful SEC and related actions. The whistleblowers’ substantial assistance, provided to the SEC and another federal agency, included submitting information and documents, participating in interviews, and […]
Tag: Securities Lawyer
James Sallah as Receiver, Gets Value for Defrauded Investors
When James Sallah of Sallah Astarita & Cox, LLC was appointed the receiver for a software company that had been raided by the FBI it had nothing, but software. Rather than putting the company into bankruptcy, which would virtually ensure that the investors would receive nothing, Sallah used a little-known […]
SEC Awards $22 Million to Two Whistleblowers
The SEC announced awards totaling approximately $22 million to two whistleblowers whose information and assistance was of crucial importance to successful SEC enforcement actions brought against a financial services firm. The first whistleblower received an award of $18 million, while the second whistleblower received a $4 million award. The larger […]
Broker Sells His Book, then Solicits his Clients
Well, this is a new one for me. I have been representing brokers and firms in transition deals for decades and have never seen this allegation. According to an article at Advisor Hub, there is a lawsuit pending where there are claims that a broker-sold his book of business to […]
SEC Charges Broker-Dealer for Failures Related to Filing Suspicious Activity Reports
The Securities and Exchange Commission today announced settled charges against GWFS Equities Inc. (GWFS), a Colorado-based registered broker-dealer and affiliate of Great-West Life & Annuity Insurance Company, for violating the federal securities… Read the Full Press Release Have a securities law question? Call Sallah Astarita & Cox at 212-509-6544. The […]
SEC Awards More Than $4 Million to Whistleblower
The Securities and Exchange Commission today announced an award of more than $4 million to a whistleblower who alerted SEC staff to certain violations, prompting the opening of an investigation. The whistleblower then provided substantial… Read the Full Press Release Have a securities law question? Call Sallah Astarita & Cox […]
In the last ten years, hedge fund investor Adam Wyden made his investors 11…
How This Democratic Senator’s Son Made $100 Million In Stocks And Why He Fled To Low Tax FloridaIn the last ten years, hedge fund investor Adam Wyden made his investors 11 times richer by uncovering hidden stock gems. His biggest worry? That his Democratic Senator father will tax his gains […]
Check out this week’s thematic stock highlights, including Activision Blizzard…
Artificial Intelligence Selects Activision Blizzard As A Thematic Stock Highlight This Week —– Coast-to-coast representation of investors and financial professionals – Securities Lawyer
SEC Charges Eight Companies for Failure to Disclose Complete Information on Form NT
The SEC charged eight companies for failing to disclose in SEC Form 12b-25 filings that their request for seeking a delayed quarterly or annual reporting filing was caused by an anticipated restatement or correction of prior financial reporting. The violations were uncovered by an initiative focused on Form 12b-25 filings […]
SEC Awards Approximately $1.5 Million to Whistleblower
The Securities and Exchange Commission today announced an award of approximately $1.5 million to a whistleblower whose information and assistance led to a successful SEC enforcement action. “The whistleblower alerted the SEC to previously unknown… Read the Full Press Release Have a securities law question? Call Sallah Astarita & Cox […]