The Securities and Exchange Commission today adopted amendments to Exchange Act Rule 15c2-11, an important component of the over-the-counter (OTC) market regulatory structure. The amendments are designed to modernize the rule, which was last… Read the Full Press Release Have a securities law question? Call Sallah Astarita & Cox at […]
Author: Mark Astarita
Unregistered ICO Issuer Agrees to Disable Tokens and Pay Penalty for Distribution to Harmed Investors
The Securities and Exchange Commission today announced charges against Unikrn Inc., an operator of an online eSports gaming and gambling platform headquartered in Seattle, Washington, for conducting an unregistered initial coin offering (ICO)… Read the Full Press Release Have a securities law question? Call Sallah Astarita & Cox at 212-509-6544. from SECLaw.com
SEC Report and Recommendations on the 39th Annual Small Business Forum
The Securities and Exchange Commission today delivered a report to Congress on the 39th Annual Small Business Forum. The 2020 Forum highlighted challenges and success stories from startups to small cap companies across the country and featured discussions about women-owned, minority-owned, and rural businesses and their investors, as well as […]
SEC Awards More Than $10 Million to Whistleblower
The Securities and Exchange Commission today announced an award of more than $10 million to a whistleblower whose information and assistance were of crucial importance to a successful SEC enforcement action. The SEC has awarded approximately $520 million to 94 individuals since issuing its first award in 2012. All payments are […]
SEC Charges Charter School Operator and its Former President With Fraudulent Municipal Bond Offering
The Securities and Exchange Commission today charged Park View School, Inc., a state-funded, nonprofit charter school operator based in Prescott Valley, Arizona, and its former President, Debra Kay Slagle, with misleading investors in an April 2016… Read the Full Press Release Have a securities law question? Call Sallah Astarita & […]
SEC Charges Film Producer, Rapper, and Others for Participation in Two Fraudulent ICOs
The Securities and Exchange Commission today announced charges against five Atlanta-based individuals, including film producer Ryan Felton, rapper and actor Clifford Harris, Jr., known as T.I. or Tip, and three others who each promoted one of Felton’s… Read the Full Press Release Have a securities law question? Call Sallah Astarita […]
SEC Issues Agenda for September 16 Meeting of the Asset Management Advisory Committee
The Securities and Exchange Commission today released the agenda for the September 16, 2020, meeting of the Asset Management Advisory Committee (AMAC). AMAC was formed to provide the Commission with diverse perspectives on asset management and… Read the Full Press Release Have a securities law question? Call Sallah Astarita & […]
SEC Modernizes Disclosures for Banking Registrants
The Securities and Exchange Commission today announced that it has adopted rules to update and expand the statistical disclosures that bank and savings and loan registrants provide to investors, in light of changes in this sector over the past 30 years.… Read the Full Press Release Have a securities law […]
SEC Announces Final Distribution in WG Trading Investment Fraud, Totaling Over $1 Billion Returned to Harmed Investors
The Securities and Exchange Commission today announced that the court-appointed receiver has begun the final distribution to investors in connection with the SEC’s action against defendants Paul Greenwood, Steven Walsh, and their affiliated WG Trading… Read the Full Press Release Have a securities law question? Call Sallah Astarita & Cox […]
SEC Charges Fund Manager for Fraud in Securities Offering in Neiman Marcus Bankruptcy
The Securities and Exchange Commission today charged Daniel Kamensky, co-chair of the unsecured creditors committee in the Neiman Marcus Group Ltd. LLC Chapter 11 bankruptcy proceedings, with abusing his position on the committee to attempt to benefit a… Read the Full Press Release Have a securities law question? Call Sallah […]
