On Aug. 20, 2021, the Securities and Exchange Commission filed an emergency action to stop a fraudulent Ponzi scheme allegedly perpetrated by Marietta, Georgia resident John Woods and two entities he controls: registered investment adviser Livingston… Read the Full Press Release Have a securities law question? Call Sallah Astarita & […]
Tag: Securities Lawyer
SEC Charges Former CEO of Technology Company With $80 Million Fraud
The Securities and Exchange Commission today charged Manish Lachwani, the former CEO of HeadSpin Inc., a Silicon Valley-based private technology company, with defrauding investors out of $80 million by falsely claiming that the company had achieved… Read the Full Press Release Have a securities law question? Call Sallah Astarita & […]
SEC Charges Healthcare Services Company and CFO for Failing to Accurately Report Loss Contingencies as part of Continuing EPS Initiative
The Securities and Exchange Commission today announced that Pennsylvania-based Healthcare Services Group, Inc. has agreed to pay $6 million to settle charges that the company engaged in accounting and disclosure violations that enabled the company to… Read the Full Press Release Have a securities law question? Call Sallah Astarita & […]
SEC Enforcement Chief Counsel Joe Brenner Retires
The Securities and Exchange Commission announced that Joseph K. Brenner has retired as the Chief Counsel of the Division of Enforcement, a role he held since January 2011. As Chief Counsel, Mr. Brenner served as the head of the Division of Enforcement’s… Read the Full Press Release Have a securities […]
U.S. Securities and Exchange Commission and the European Central Bank Sign Memorandum of Understanding Regarding Cooperation with Respect to Security-Based Swap Entities
The Securities and Exchange Commission and the European Central Bank (ECB) today announced the signing of a Memorandum of Understanding (MOU) to consult, cooperate, and exchange information in connection with the supervision, enforcement, and oversight… Read the Full Press Release Have a securities law question? Call Sallah Astarita & Cox […]
SEC Enhances Access to Financial Disclosure Data
The Securities and Exchange Commission today announced open data enhancements that provide public access to financial statements and other disclosures made by publicly traded companies on its Electronic Data Gathering, Analysis, and Retrieval system (… Read the Full Press Release Have a securities law question? Call Sallah Astarita & Cox […]
Netflix Insider Trading Ring
You cannot trade on material, non-public information, and that includes non-public information concerning the growth in your employer’s subscriber base or information contained in unpublished earnings releases. And if you do, you will undoubtedly be caught, and subjected to some very harsh penalties. Fines, a return of three times the […]
SEC Charges Investment Adviser and Associated Individuals with Causing Violations of Regulation SHO
The Securities and Exchange Commission today announced settled charges against Murchinson Ltd.; its principal, Marc Bistricer; and its trader, Paul Zogala (the respondents), for providing erroneous order-marking information that caused executing brokers… Read the Full Press Release Have a securities law question? Call Sallah Astarita & Cox at 212-509-6544. The […]
Penny Stock Company, CEO Charged with Multi-Million Dollar Fraud
The SEC announced it charged an issuer, its CEO, and six other entities and individuals with participating in a penny stock fraud scheme. The SEC also charged certain of the participants with operating as unregistered dealers, and obtained emergency relief to halt their ongoing conduct. According to the SEC’s complaint, […]
SEC Obtains Court Order to Stop Investment Adviser’s Alleged Ongoing Offering Fraud
The Securities and Exchange Commission today announced the filing of an emergency action against Martin A. Ruiz of New York, and two entities he controls, Carter Bain Wealth Management, LLC (Carter Bain) and RAM Fund, LP (RAM). Shortly after filing the… Read the Full Press Release Have a securities law […]
