The Securities and Exchange Commission today charged Keith A. Wakefield, a former managing director and head of fixed income trading at IFS Securities, Inc., an Atlanta-based broker-dealer, with causing millions of dollars of losses through unauthorized… Read the Full Press Release Have a securities law question? Call Sallah Astarita & […]
Month: September 2021
SEC Proposes to Enhance Proxy Voting Disclosure by Investment Funds and Require Disclosure of “Say-on-Pay” Votes for Institutional Investment Managers
The Securities and Exchange Commission today proposed amendments to Form N-PX to enhance the information mutual funds, exchange-traded funds, and certain other funds report about their proxy votes. The proposed rulemaking would require funds to tie the… Read the Full Press Release Have a securities law question? Call Sallah Astarita […]
Watch Out for this Venmo Scam
You notice a deposit to your Venmo account that you do not know. Shortly thereafter you get a message from someone you do not know, claiming that the deposit was made by accident, and could you please send it back? Being the kind person that you are, you send it […]
SEC Obtains Emergency Relief Against New York Real Estate Developer Charged with EB-5 Securities Fraud
The Securities and Exchange Commission today announced that it filed an emergency action and obtained an asset freeze, among other relief, against Richard Xia (aka Yi Via) and his company, Fleet New York Metropolitan Regional Center LLC (formerly known… Read the Full Press Release Have a securities law question? Call […]
SEC Atlanta Regional Office to Co-Host “Money and Markets: Trends and Risks for Retail Investors”
The Securities and Exchange Commission’s Atlanta Regional Office and the University of Georgia School of Law will co-host a panel discussion on “Money and Markets: Trends and Risks for Retail Investors” on Thursday, Oct. 5, 2021, from 5-6:15 p.m. ET.… Read the Full Press Release Have a securities law question? […]
SEC Charges Florida Payday Lender and CEO with Affinity Fraud Targeting the Venezuelan-American Community
The Securities and Exchange Commission today announced charges against Sky Group USA LLC, a payday loan company based in Miami, and its CEO, Efrain Betancourt, Jr., for fraudulently raising at least $66 million through the sale of promissory notes… Read the Full Press Release Have a securities law question? Call Sallah […]
Erik Gerding joins Division of Corporation Finance as Deputy Director, Legal and Regulatory Policy
The Securities and Exchange Commission today announced that Erik Gerding has been named Deputy Director, Legal and Regulatory Policy, for the Division of Corporation Finance, effective Oct. 4, 2021. Erik comes to the SEC from the University of Colorado… Read the Full Press Release Have a securities law question? Call […]
SEC Charges Quant Analyst in Multimillion Dollar Front-Running Scheme
The Securities and Exchange Commission today announced charges against Sergei Polevikov, who worked as a quantitative analyst at two prominent asset management firms, for perpetrating a years-long front-running scheme that generated illicit profits of at… Read the Full Press Release Have a securities law question? Call Sallah Astarita & Cox […]
SEC Charges U.K.-Based Father and Son, and Two Others in Transatlantic Microcap Fraud Scheme
The Securities and Exchange Commission today filed two complaints in the United States District Court for the Eastern District of New York charging four individuals and five entities for their roles in an allegedly fraudulent microcap scheme that… Read the Full Press Release Have a securities law question? Call Sallah […]
SEC Charges Firm and Two Principals in First-Ever Actions Enforcing Rule on Duties of Municipal Advisors
The Securities and Exchange Commission today charged a Texas- and Colorado-based municipal advisor, Choice Advisors LLC, and its two principals, Matthias O’Meara and Paula Permenter, with violating their duties, engaging in unregistered municipal… Read the Full Press Release Have a securities law question? Call Sallah Astarita & Cox at 212-509-6544.
