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Is the SEC Illegally tracking Americans who invest in the stock market?
The New Civil Liberties Alliance (NCLA) thinks so. It filed suit on uesday against the SEC claiming that the agency, through its “Consolidated Audit Trail,” or “CAT,” program, is collecting mass amounts of personally identifiable data by forcing brokers, exchanges, clearing agencies and alternative trading systems to capture and send […]
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SEC Issues Second Fee Rate Advisory for Fiscal Year 2024
The Securities and Exchange Commission today announced that, starting on May 22, 2024, the fee rates applicable to most securities transactions will be set at $27.80 per million dollars. Consequently, each self-regulatory organization will continue to pay the Commission a rate of $8 per million for covered sales occurring on […]
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Exploring the Future of Asset Management: Insights from the SEC’s Upcoming Conference
The Securities and Exchange Commission’s Division of Investment Management is gearing up to host its much-anticipated second annual Conference on Emerging Trends in Asset Management. Scheduled for Thursday, May 16, 2024, this event promises to be a cornerstone for professionals from various sectors within the asset management industry, including regulators […]
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Senvest Management: Navigating Compliance Challenges and Enhancing Ethics in Investment Advisory
The role of registered investment advisers is paramount in the realm of financial oversight and regulatory compliance. Among the myriad challenges these entities face, maintaining rigorous adherence to recordkeeping and ethical standards is perhaps the most pivotal. This is exemplified in the recent case involving Senvest Management LLC, a notable […]
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SEC Attempts to Expand Insider Trading Liability
They continue to attempt to expand insider trading prohibitions and to do so by bringing lawsuits based on new theories rather than by legislation. The SEC‘s lawsuit against Matthew Panuwat, a former executive at Medivation Inc., centers on allegations of insider trading termed “shadow trading.” This case, unfolding in San […]
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Genesis Agrees to Pay $21 Million Penalty to Settle SEC Charges
Genesis Global Capital Fined $21 Million for Unregistered Crypto Lending Genesis Global Capital, LLC has been hit with a hefty $21 million civil penalty by the Securities and Exchange Commission (SEC). This comes as a settlement to charges that Genesis was involved in the unregistered offering and sale of securities […]
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Skechers Settles SEC Allegations Over Undisclosed Executive Perks and Loans
In a landmark settlement, Skechers U.S.A. Inc., the renowned California-based footwear giant, has agreed to pay a $1.25 million civil penalty following charges by the SEC. The SEC’s allegations centered on the company’s failure to adequately disclose certain payments and loans benefiting its executives and their family members. Unveiling Undisclosed […]
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SEC Charges HG Vora for Disclosure Failures
On March 1, 2024, the Securities and Exchange Commission (SEC) announced that it has brought an enforcement action involving HG Vora Capital Management LLC, a New York-based investment advisory firm. This case underscores the critical importance of timely and transparent ownership disclosures in the financial world, especially in the context […]
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SEC Files Charges for Misleading Investors About Electric Vehicle
SEC Charges Lordstown Motors with Misleading Investors Regarding Flagship Electric Vehicle Washington D.C., Feb. 29, 2024 —The Securities and Exchange Commission (SEC) has taken action against Lordstown Motors Corp., alleging that the company misled investors regarding the sales prospects of its flagship electric pickup truck, the Endurance. Lordstown, which underwent […]
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Strategic Considerations for High Net Worth Individuals in Required Minimum Distributions
From our friends at New Edge Wealth – “A Required Minimum Distribution (RMD) mandates that individuals who reach a certain age are obligated to start taking minimum distributions from their tax-advantaged retirement accounts. The RMD provision was put into place to ensure funds within retirement accounts are used for their […]
Recent Posts
Cryptocurrency
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Genesis Agrees to Pay $21 Million Penalty to Settle SEC Charges
March 20, 2024Genesis Global Capital Fined $21 Million for Unregistered Crypto Lending Genesis Global Capital, LLC has been hit with a hefty [...] -
SEC Charges Founder of American Bitcoin Academy Online Crypto Course with Fraud Targeting Students
February 2, 2024The Securities and Exchange Commission (SEC) has stepped forward to address a notable issue. This situation serves as a stark [...] -
SEC Halts Utah-Based Crypto Asset Fraud Scheme Involving 18 Defendants
September 4, 2023The SEC has secured temporary asset freezing, restraining orders, and other emergency measures against Digital Licensing Inc., [...]
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Enforcement
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FINRA Broker Check
February 11, 2024Understanding What is a Security?
January 6, 2024A security is a form of ownership in an entity. While some believe that in order to be a security the instrument must be traded [...]9 Proven Strategies for Defending an SEC Investigation
November 26, 2023Defending an SEC Investigaton Facing an SEC investigation can be a daunting challenge for any individual or organization and [...]Arbitration
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SEC Investor Advocate’s Recommendations on Arbitration and Index-Linked Annuities
December 5, 2023Washington D.C., Dec. 5, 2023 — In a move towards transparency and investor empowerment, the Securities and Exchange [...] -
Arbitration Claims Filed Against Stifel Broker Chuck Roberts
August 1, 2023A veteran financial advisor with Stifel Nicolaus & Co. Inc. is facing a rash of investor complaints stemming from the sale of [...] -
What Does a Securities Lawyer Do?
March 16, 2023Mark J. Astarita, Esq. is a nationally recognized securities attorney, representing clients in securities investigations, [...]
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Featured Articles
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Understanding What is a Security?
January 6, 2024A security is a form of ownership in an entity. While some believe that in order to be a security the instrument must be traded [...] -
9 Proven Strategies for Defending an SEC Investigation
November 26, 2023Defending an SEC Investigaton Facing an SEC investigation can be a daunting challenge for any individual or organization and [...] -
Defending FINRA Investigations
November 3, 2023
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