Washington D.C., May 6, 2022 — The Securities and Exchange Commission today announced a total award of nearly $3.5 million to four whistleblowers who provided information and assistance in a single covered action. Three joint whistleblowers provided Commission staff with information that caused the staff to open a new investigation […]
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SEC Charges CEO and President of Synergy Settlement Services with Fraudulent Operation of Special Needs Pooled Trusts
The Securities and Exchange Commission today announced fraud charges against Synergy Settlement Services, Inc., CEO Jason D. Lazarus, Esq., both based in Orlando, FL, and President Anthony F. Prieto, Jr. of Tampa, FL, for allegedly defrauding individuals… Read the Full Press Release Have a securities law question? Call New York […]
SEC Nearly Doubles Size of Enforcement’s Crypto Assets and Cyber Unit
FOR IMMEDIATE RELEASE 2022-78 Washington D.C., May 3, 2022 — The Securities and Exchange Commission today announced the allocation of 20 additional positions to the unit responsible for protecting investors in crypto markets and from cyber-related threats. The newly renamed Crypto Assets and Cyber Unit (formerly known as the Cyber […]
SEC Commemorates Financial Capability Month with Robust Slate of Investor Education Events and Resources
The Securities and Exchange Commission’s Office of Investor Education and Advocacy (OIEA) commemorated National Financial Capability Month by hosting a slate of outreach and education events for investors. In addition to the events, Chair Gary Gensler… Read the Full Press Release Have a securities law question? Call New York Securities […]
Small Business Advisory Committee to Host Virtual Meeting to Discuss Proposed Rules on Climate Disclosures and SPACs
The Securities and Exchange Commission’s Small Business Capital Formation Advisory Committee today released the agenda for its virtual meeting on Friday, May 6, which will examine the Commission’s proposed rules on climate-related disclosures and Special… Read the Full Press Release Have a securities law question? Call New York Securities Lawyers […]
Inspector General Carl W. Hoecker to Retire from SEC
The Securities and Exchange Commission today announced that Inspector General Carl W. Hoecker will retire from the agency as of May 7, 2022. He has led the Office of Inspector General (OIG) since Feb. 11, 2013. Rebecca Sharek, Deputy Inspector General… Read the Full Press Release Have a securities law […]
SEC Charges Stericycle with Bribery Schemes in Latin America
Washington D.C., April 20, 2022 —The Securities and Exchange Commission today announced charges against Stericycle, Inc. for violations of the Foreign Corrupt Practices Act (FCPA) arising out of bribery schemes that took place in Argentina, Brazil, and Mexico. The company has agreed to pay more than $84 million to settle […]
SEC Uncovers $194 Million Penny Stock Schemes that Spanned Three Continents
The Securities and Exchange Commission today announced charges against 16 defendants, located in the Bahamas, the British Virgin Islands, Bulgaria, Canada, the Cayman Islands, Monaco, Spain, Turkey, and the United Kingdom, for participating in multi-year… Read the Full Press Release Have a securities law question? Call New York Securities Lawyers […]
SEC Charges Senior Executive of Brazilian Company with Fraud
The Securities and Exchange Commission today announced charges against Fernando Passos, the former executive vice president of finance and investor relations of Brazilian reinsurance company IRB Brasil Resseguros S.A., for allegedly planting a false… Read the Full Press Release Have a securities law question? Call New York Securities Lawyers at […]
Fee Rate Advisory #1 for Fiscal Year 2022
The Securities and Exchange Commission today announced that starting on May 14, 2022, the fee rates applicable to most securities transactions will be set at $22.90 per $1 million. Consequently, each SRO will continue to pay the Commission a rate… Read the Full Press Release Have a securities law question? […]
