Chairman Pitt makes a good point. These CEOs know better. Even if it was a social meeting and nothing was disclosed, making a significant trade after what meeting just invites an SEC investigation. Or maybe they are convinced that “email traffic” will somehow prove that there was no confidential information […]
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SEC Charges Call Center Operators in $58 Million Penny Stock Scheme
The Securities and Exchange Commission today announced fraud charges against five individuals for allegedly operating a call center in Medellin, Colombia, which used high pressure sales tactics and made false and misleading statements to retail investors… Read the Full Press Release Have a securities law question? Call New York Securities […]
Biden Signs Executive Order on Cryptocurrency
On March 9, President Biden signed an Executive Order (the Order) to establish the first comprehensive federal digital asset strategy for the U.S., which would promote digital asset innovation while balancing benefits and associated risks. The order directs the Justice Department, U.S. Department of the Treasury, the Board of Governors […]
SEC Awards Approximately $14 Million to Whistleblower
The Securities and Exchange Commission today announced an award of about $14 million to a whistleblower who published an online report exposing an ongoing fraud. The whistleblower, who days later shared the same information with the SEC and was… Read the Full Press Release Have a securities law question? Call […]
SEC Proposes Rules on Cybersecurity Risk Management, Strategy, Governance, and Incident Disclosure by Public Companies
The Securities and Exchange Commission today proposed amendments to its rules to enhance and standardize disclosures regarding cybersecurity risk management, strategy, governance, and incident reporting by public companies. “Over the years, our… Read the Full Press Release Have a securities law question? Call New York Securities Lawyers at 212-509-6544. Visit […]
SEC Proposes Short Sale Disclosure Rule, Order Marking Requirement, and CAT Amendments
The Securities and Exchange Commission today announced that it has voted to propose changes that would provide greater transparency to investors and regulators by increasing the public availability of short sale related data. New Exchange Act Rule 13f-2… Read the Full Press Release Have a securities law question? Call New […]
Infinity Q Founder Charged With Massive Valuation Fraud
Infinity Q charged by the SEC with overvaluing assets by more than $1 billion while pocketing tens of millions of dollars in fees. The SEC’s complaint alleges that, from at least 2017 through February 2021, Velissaris engaged in a fraudulent scheme to overvalue assets held by the Infinity Q Diversified […]
SEC Reopens Comment Period for Pay Versus Performance
The Securities and Exchange Commission today reopened the comment period on proposed rules under the Dodd-Frank Act requiring disclosure of information reflecting the relationship between executive compensation actually paid by a company and the company’… Read the Full Press Release Have a securities law question? Call New York Securities Lawyers […]
SEC Proposes Amendments to Include Significant Treasury Markets Platforms Within Regulation ATS
The Securities and Exchange Commission today proposed rules to better protect investors and enhance cybersecurity by bringing more Alternative Trading Systems (ATS) that trade Treasuries and other government securities under the regulatory umbrella. The… Read the Full Press Release Have a securities law question? Call New York Securities Lawyers at […]
SEC Seeks Candidates for Investor Advisory Committee
The Securities and Exchange Commission is seeking candidates for appointment to the Investor Advisory Committee to help protect investors and improve securities regulations. The committee was established under the Dodd-Frank Wall Street Reform and… Read the Full Press Release Have a securities law question? Call New York Securities Lawyers at 212-509-6544. […]
