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Enforcement, Private Placements
SEC Charges Silver Edge Financial LLC and Equity Acquisition Company Ltd. with Unregistered Broker-Dealer Activity

On March 3, 2023, the Securities and Exchange Commission (SEC) charged Silver Edge Financial LLC, Equity Acquisition Company Ltd. (EAC), their owners, and sales staff with unregistered broker-dealer activity related to their sales of interests in shares of various pre-IPO companies. In this article, we will discuss the details of […]
Enforcement, News
SEC Fines OCC $17 Million for Non-Compliance with Stress Testing and Clearing Fund Methodology

The SEC has ordered The Options Clearing Corporation (OCC) to pay $17 million in penalties for violating its SEC-approved Stress Testing and Clearing Fund Methodology rule. The regulatory body found that OCC failed to comply with its own rule during certain times between October 2019 and May 2021. OCC, based […]
Enforcement
Ensign Peak Advisers and The Church of Jesus Christ of Latter-day Saints Settle SEC Charges

Ensign Peak Advisers Inc., a non-profit entity owned and operated by The Church of Jesus Christ of Latter-day Saints, has settled charges with the Securities and Exchange Commission (SEC) for failing to file required disclosure forms related to the Church’s equity investments. The SEC also announced charges against the Church […]
Enforcement
SEC Settles Charges Against African Gold Acquisition Corp. for Internal Controls, Reporting, and Recordkeeping Violations

The Securities and Exchange Commission (SEC) has settled charges against African Gold Acquisition Corp., a special purpose acquisition company (SPAC), for violating Exchange Act provisions related to internal controls, reporting, and recordkeeping. The SEC’s order alleges that the SPAC’s former chief financial officer misappropriated approximately $1.2 million from the company’s […]
Enforcement
Insider Trading Charges Laid Against Andrew Stiles and Gray Stiles by SEC and U.S. Attorney’s Office

The Securities and Exchange Commission (SEC) and the U.S. Attorney’s Office for the Southern District of New York have jointly charged Andrew Stiles and Gray Stiles with insider trading. Andrew Stiles is accused of trading Kodak and Novavax stocks based on nonpublic information related to the companies’ government partnerships aimed […]

Compliance

What Does a Securities Lawyer Do?
March 16, 2023
Mark J. Astarita, Esq. is a nationally recognized securities attorney, representing clients in securities investigations, [...]
Blackbaud Agrees to Pay $3 Million to Settle Charges Over Misleading Disclosures of Ransomware Attack
March 10, 2023
Blackbaud Inc., a South Carolina-based public company that provides donor data management software to non-profit organizations, [...]
Rio Tinto Pays $15 Million Penalty for Foreign Corrupt Practices Violation in Guinea
March 7, 2023
Rio Tinto, a global mining and metals company, has agreed to pay a $15 million civil penalty to the Securities and Exchange [...]
SEC Charges Silver Edge Financial LLC and Equity Acquisition Company Ltd. with Unregistered Broker-Dealer Activity
March 3, 2023
On March 3, 2023, the Securities and Exchange Commission (SEC) charged Silver Edge Financial LLC, Equity Acquisition Company Ltd. [...]
The Greenbrier Companies Settle with SEC for Failing to Disclose Perks to Executives
March 3, 2023
The SEC announced on March 2, 2023, that The Greenbrier Companies Inc. and its founder and former CEO and Chairman, William A. [...]
SEC Charges Ontrak Chairman Terren Peizer with Insider Trading
March 1, 2023
The SEC has charged Terren S. Peizer, the Executive Chairman of Ontrak Inc., a healthcare treatment company based in Santa [...]

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Brokers

What Does a Securities Lawyer Do?
March 16, 2023
Mark J. Astarita, Esq. is a nationally recognized securities attorney, representing clients in securities investigations, [...]
When the SEC Comes Calling – 2023 Update
February 26, 2023
The

SEC Subpoenas – Tips for Responding – 2023
February 26, 2023
How you respond to an SEC subpoena makes a difference. Tips from an experienced securities [...]
Whistleblowers Need Lawyers
February 26, 2023
By Mark J. Astarita, Esq. Realizing the importance of assistance and information from an insider of a company, the SEC [...]
Securities Arbitration Overview-2023 Update
February 25, 2023
Securities Arbitration is not like any other proceeding Nationally known securities attorney Mark Astarita has [...]
Tips for a Successful Securities Mediation
February 19, 2023
Tips for a Successful Securities Mediation Securities arbitration is a proven method for resolving disputes in the securities [...]

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Whistleblowers

Whistleblowers Need Lawyers
February 26, 2023
By Mark J. Astarita, Esq. Realizing the importance of assistance and information from an insider of a company, the SEC [...]
Activision Blizzard to Pay $35 Million for Failing to Maintain Disclosure Controls Related to Complaints of Workplace Misconduct and Violating Whistleblower Protection Rule
February 4, 2023
Feb. 3, 2023 — The Securities and Exchange Commission today announced that Activision Blizzard Inc., a video game [...]
SEC Issues $28 Million Award to Joint Whistleblowers
January 24, 2023
The Securities and Exchange Commission today announced an award of more than $28 million to joint whistleblowers who provided [...]
SEC Awards More Than $5 Million to Whistleblower
January 14, 2023
Jan. 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, 2022
December 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, 2022
Nov. 28, 2022 — The Securities and Exchange Commission today announced an award of $20 million to a whistleblower who [...]

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Arbitration

What Does a Securities Lawyer Do?
March 16, 2023
Mark J. Astarita, Esq. is a nationally recognized securities attorney, representing clients in securities investigations, [...]
Securities Arbitration Overview-2023 Update
February 25, 2023
Securities Arbitration is not like any other proceeding Nationally known securities attorney Mark Astarita has [...]
What is FINRA
January 7, 2023
FINRA, the Financial Industry Regulatory Association, is the successor to the National Association of Securities Dealers and [...]
Morgan Stanley Deferred Comp Claims
March 30, 2022
Morgan Stanley may have violated ERISA rules when it cancelled certain deferred compensation assets for brokers who left the [...]
UBS Arbitration Claims Moving Forward
October 6, 2020
UBS 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, 2020
The FINRA CRD system, with its BrokerCheck component, has been a thorn in the side of financial professionals since [...]

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Investors

What Does a Securities Lawyer Do?
March 16, 2023
Mark J. Astarita, Esq. is a nationally recognized securities attorney, representing clients in securities investigations, [...]
Securities Arbitration Overview-2023 Update
February 25, 2023
Securities Arbitration is not like any other proceeding Nationally known securities attorney Mark Astarita has [...]
Investor Legal Information Center
February 25, 2023
Sponsored by Mark J. Astarita, Esq. – representing brokers and investors in securities and employment disputes for over [...]
What Happens If I Ignore an SEC Subpoena?
January 20, 2023
Anyone who follows our blog or website knows that the SEC Enforcement Division is getting tougher on [...]
What is FINRA
January 7, 2023
FINRA, the Financial Industry Regulatory Association, is the successor to the National Association of Securities Dealers and [...]

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Corp Finance

What Does a Securities Lawyer Do?
March 16, 2023
Mark J. Astarita, Esq. is a nationally recognized securities attorney, representing clients in securities investigations, [...]
Tips for Going Public
February 24, 2023
Going public is an exciting milestone for any company. It is a crucial step that brings with it a lot of advantages and [...]
What Happens If I Ignore an SEC Subpoena?
January 20, 2023
Anyone who follows our blog or website knows that the SEC Enforcement Division is getting tougher on [...]

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