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Enforcement, News
SEC Charges Former CEO of Biotech Company CytoDyn with Fraud, Insider Trading
The Securities and Exchange Commission today charged Nader Pourhassan, the former CEO of CytoDyn Inc., with fraud and insider trading in connection with providing misleading information to shareholders about the progress of a clinical research treatment for COVID-19 and HIV.
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Brokers, Enforcement, Investors, News
SEC Charges Vika Ventures and its CEO in $6 Million Fraudulent Offering
Dec. 7, 2022 — The Securities and Exchange Commission today announced charges against venture capital firm Vika Ventures LLC and its CEO and co-founder, George Iakovou, with fraudulently offering and selling more than $6 million of securities to at least 46 individual investors in multiple states including California, Georgia, and […]
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News
The Collapse of FTX Explained
There is an excellent overview of the FTX collapse at MSNBC, at https://www.msnbc.com/opinion/msnbc-opinion/ftx-collapse-sam-bankman-frieds-crypto-rcna57263—– Visit The Securities Lawyer at www.securitieslawyer.us
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Brokers, Investors
Twitter to Pay $182 Million in Class Action Attorneys’ Fees
In addition to paying $810 million settlement to resolve a shareholder class action against Twitter Inc., it will have to pay an additional $182 million in attorneys fees, according to Reuters. The lawsuit, filed in 2016, well before Musk brough up the issue, accused the social media company of deceiving […]
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News, Whistleblower
SEC Awards More Than $10 Million to Whistleblower
Oct. 31, 2022 — The Securities and Exchange Commission today announced an award of more than $10 million to a whistleblower who provided information and assistance that significantly contributed to a successful SEC enforcement action. The whistleblower provided important documents and met twice with Enforcement staff. The charges in the […]
Recent Posts
Compliance
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What Is FINRA
January 20, 2023FINRA is the Financial Industry Regulatory Association and is the successor to the National Association of Securities Dealers. [...] -
SEC Charges Former BlackRock Portfolio Manager with Undisclosed Conflict of Interest
January 5, 2023Jan. 5, 2023 — The Securities and Exchange Commission today charged Randy Robertson, a former BlackRock Advisors, LLC [...] -
SEC Charges 8 in Connection with $45 Million Crypto Fraud
January 5, 2023Jan. 4, 2023 —The Securities and Exchange Commission today charged Neil Chandran, Garry Davidson, Michael Glaspie, Amy [...] -
SEC Charges Former SPAC CFO for Orchestrating $5 Million Fraud Scheme
January 4, 2023Jan. 3, 2023 — The Securities and Exchange Commission today announced fraud charges against Cooper J. Morgenthau, the [...] -
SBF Borrowed a Half Billion Dollars from his Fund
December 29, 2022Interesting article from Forbes – SBF borrowed half a billion dollars from his hedge fund to finance a purchase of [...] -
SEC Charges Caroline Ellison and Gary Wang with Defrauding Investors in Crypto Asset Trading Platform FTX
December 22, 2022Dec. 21, 2022 — The Securities and Exchange Commission today charged Caroline Ellison, the former CEO of Alameda Research, [...]
- SEC Charges Former CEO of Biotech Company CytoDyn with Fraud, Insider Trading
- SEC Charges Honeywell with Bribery Schemes in Algeria and Brazil
- SEC Charges Eight Social Media Influencers in $100 Million Stock Manipulation Scheme Promoted on Discord and Twitter
Brokers
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SEC Proposes Rule to Prohibit Conflicts of Interest in Certain Securitizations
January 26, 2023Jan. 25, 2023 — The SEC today proposed a rule to implement Section 27B of the Securities Act of 1933, a provision [...] -
What Happens If I Ignore an SEC Subpoena?
January 20, 2023Anyone who follows our blog or website knows that the
JPMorgan Seeks Restraining Order For Ariz. Advisor Who Lured $19.8M In Assets
December 17, 2022Your employment agreement is important, you will be held to its terms. And it is negotiable! Plus, with proper planning, [...]SEC Charges Eight Social Media Influencers in $100 Million Stock Manipulation Scheme Promoted on Discord and Twitter
December 17, 2022The Securities and Exchange Commission today announced charges against eight individuals in a $100 million securities fraud [...]SEC Adopts Amendments to Modernize Rule 10b5-1 Insider Trading Plans and Related Disclosures
December 16, 2022On December 14, 2022 the SEC adopted amendments to Rule 10b5-1 under the Securities Exchange Act of 1934 and new disclosure [...]SEC Proposes Rule to Enhance Competition for Individual Investor Order Execution
December 14, 2022Dec. 14, 2022 — The Securities and Exchange Commission today proposed a rule that would require certain orders of [...]Whistleblowers
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SEC Awards More Than $5 Million to Whistleblower
January 14, 2023Jan. 13, 2023 —The Securities and Exchange Commission today announced an award of more than $5 million to a whistleblower [...] -
SEC Awards More Than $37 Million to Whistleblower
December 19, 2022December 19, 2022 – The Securities and Exchange Commission today announced an award of more than $37 million to a [...] -
SEC Awards $20 Million to Whistleblower
November 28, 2022Nov. 28, 2022 — The Securities and Exchange Commission today announced an award of $20 million to a whistleblower who [...] -
SEC Awards More Than $10 Million to Whistleblower
November 22, 2022Oct. 31, 2022 — The Securities and Exchange Commission today announced an award of more than $10 million to a whistleblower [...] -
$10 Million Award to Whistleblower
November 5, 2022October 31, 2022 – The Securities and Exchange Commission today announced an award of more than $10 million to a [...] -
SEC Awards More Than $16 Million to Two Whistleblowers
August 9, 2022Aug. 9, 2022 — The Securities and Exchange Commission today announced awards of more than $16 million to two whistleblowers [...]
- $6 Million Award to Five Whistleblowers
- SEC Awards $1.25 Million to Whistleblower
- SEC Issues Awards Totaling Approximately $3 Million to Three Whistleblowers
Arbitration
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Morgan Stanley Deferred Comp Claims
March 30, 2022Morgan Stanley may have violated ERISA rules when it cancelled certain deferred compensation assets for brokers who left the [...] -
What Does a Securities Lawyer Do?
November 24, 2021While securities law is itself a specialized field of law, there is also more than one type of securities lawyer. There are [...] -
UBS Arbitration Claims Moving Forward
October 6, 2020UBS customers who have lost money in the UBS Yield Enhancement Strategy (UBS YES), and who have filed arbitration claims against [...] -
New FINRA Expungement Rules Effective in September
August 26, 2020FINRA Discovery Guide
May 3, 2019Discovery has always been a problem in litigation matters. In broad strokes, plaintiffs want to see every document that might [...]
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Securities Arbitration Overview
March 8, 2019Securities Arbitration is not like any other proceeding Nationally known securities attorney Mark Astarita has [...]
- Churned or Traded?
- Insight into the FINRA Arbitrator Selection Process
- Typical Customer Arbitration Claims
Investors
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What Happens If I Ignore an SEC Subpoena?
January 20, 2023Anyone who follows our blog or website knows that the SEC Enforcement Division is getting tougher on [...]
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IRS Delays Rule For Reporting Venmo, Etsy, Airbnb Payments
December 26, 2022New York CNN — Anyone getting paid for their goods and services through apps like Venmo, PayPal or CashApp, or platforms [...] -
SEC Charges Pharmaceutical Co. Chief Information Officer in $8 Million Insider Trading Scheme
November 14, 2022The Securities and Exchange Commission today announced insider trading charges against Ramkumar Rayapureddy, Chief Information [...] -
SEC Adopts Amendments to Modernize Fund Shareholder Reports and Promote Transparent Fee- and Expense-Related Information in Fund Advertisements
October 27, 2022Oct. 26, 2022 —The Securities and Exchange Commission voted today to adopt rule and form amendments to require mutual funds [...] -
OTC Markets
July 24, 2022The over-the-counter market is where securities which do not trade on an exchange are traded. Securities traded on the this [...]
- January 2022 Ponzi Schemes
- Securities Enforcement Investigations
- Robo-Adviser Settles SEC Charges of Misleading Investors
Corp Finance
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SEC Proposes Rule to Prohibit Conflicts of Interest in Certain Securitizations
January 26, 2023Jan. 25, 2023 — The SEC today proposed a rule to implement Section 27B of the Securities Act of 1933, a provision [...] -
What Happens If I Ignore an SEC Subpoena?
January 20, 2023Anyone who follows our blog or website knows that the SEC Enforcement Division is getting tougher on [...]
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Regulation CF Equity Crowdfunding
January 9, 2023What is Regulation CF? Regulation CF’s crowdfunding rules are in Section 4(a)(6) of the Securities Act. It allows [...]
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SECLaw Primers
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- What is Securities Arbitration?
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- The Wells Notice SEC/FINRA Investigations
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- Finders Explained – Be Careful
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- Introduction to State Securities (Blue Sky) Laws
- What is an Indexed Annuity
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This site was created by Mark J. Astarita, Esq. a New York Securities Lawyer and member of the national securities law firm of Sallah Astarita & Cox, LLC
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