The Securities and Exchange Commission’s Small Business Capital Formation Advisory Committee will meet virtually on Monday, Sept. 27 to explore the changing dynamics for pre-IPO companies raising capital and the pathways those companies take to becoming public. During the morning session, the committee will focus on recent trends in “crossover investors”—such as […]
Tag: Securities Lawyer
SEC Charges Puerto Rican Company and Managing Members with Fraud
The Securities and Exchange Commission today announced charges against Puerto Rico-based Back to Green Mining LLC and its two managing members, José Jiménez Cruz and Manuel Portalatin, for their participation in a fraudulent and unregistered offering in… Read the Full Press Release Have a securities law question? Call Sallah Astarita […]
Fraud Charges For Crowdfunding Portal, Issuer, and Related Individuals
It didn’t take long for the SEC to bring fraud charges in the crowdfuning space. Today the SEC charged three individuals and one issuer with conducting a fraudulent scheme to sell nearly $2 million of unregistered securities through two crowdfunding offerings. The SEC also charged the registered funding portal and […]
RBC Charged With Failing to Give Priority to Retail and Institutional Investors in Municipal Offerings
The Securities and Exchange Commission today announced that RBC Capital Markets LLC has agreed to pay more than $800,000 to resolve charges that it engaged in unfair dealing in municipal bond offerings. The SEC also announced settled charges against… Read the Full Press Release Have a securities law question? Call […]
SEC Awards $11.5 Million to Two Whistleblowers
he Securities and Exchange Commission today announced awards of approximately $11.5 million to two whistleblowers whose information and assistance contributed to the success of an SEC enforcement action. The first whistleblower received an award of nearly $7 million, while the second whistleblower received more than $4.5 million. The larger award […]
How One RIA Finds Solutions To Minimize Tax Issues For The Wealthy
How One RIA Finds Solutions To Minimize Tax Issues For The Wealthy: Fred Hubler of Creative Wealth Management Group in Pennsylvania said advisors need to specialize to succeed. The Securities Law Blog is a service of SECLaw.com, and Mark Astarita, a national securities lawyer with the law firm of Sallah […]
SEC Charges Global Crypto Lending Platform and Top Executives in $2 Billion Fraud
The Securities and Exchange Commission announced today that it has filed an action against BitConnect, an online crypto lending platform, its founder Satish Kumbhani, and its top U.S. promoter and his affiliated company, alleging that they defrauded… Read the Full Press Release Have a securities law question? Call Sallah Astarita […]
SEC Monitoring Impact of Hurricane Ida on Capital Markets
SEC Chair Gary Gensler has directed the staff to carefully monitor developments as a result of Hurricane Ida making landfall on Aug. 29, 2021. The safety of local residents is our highest priority. We invite inquiries from any person with obligations… Read the Full Press Release Have a securities law […]
SEC Announces Three Actions Charging Deficient Cybersecurity Procedures
The Securities and Exchange Commission today sanctioned eight firms in three actions for failures in their cybersecurity policies and procedures that resulted in email account takeovers exposing the personal information of thousands of customers and… Read the Full Press Release Have a securities law question? Call Sallah Astarita & Cox […]
SEC Requests Information and Comment on Broker-Dealer and Investment Adviser Digital Engagement Practices, Related Tools and Methods, and Regulatory Considerations and Potential Approaches; Information and Comments on Investment Adviser Use of Technology
The Securities and Exchange Commission today announced that it is requesting information and public comment on matters related to the use of digital engagement practices by broker-dealers and investment advisers. These tools include behavioral prompts,… Read the Full Press Release Have a securities law question? Call Sallah Astarita & Cox […]
