The SEC has charged Darryl Matthew Cohen, a former investment advisor at “a large financial institution”, with misappropriating more than $1 million from three current and former NBA players over a period of two and a half years. The SEC’s press release, for an unexplained reason, did not identify the […]
Author: Mark Astarita
SEC Charges Three Sales Agents at StraightPath Venture Partners With Fraud and Unregistered Broker Activity
The Securities and Exchange Commission today charged Scott Hollender, Gabriel Migliano, Jr., and Frank Vecchio for selling interests in shares of pre-IPO companies on behalf of StraightPath Venture Partners LLC, despite not being registered broker-… Read the Full Press Release Have a securities law question? Call New York Securities Lawyers […]
SEC Proposes Electronic Filing Requirement for Most Paper Filings
The SEC has proposed amendments aimed at modernizing its information collection and analysis methods. The proposal requires a significant number of filings to be submitted to the Commission electronically using structured data where appropriate. The proposed amendments would require the electronic filing, submission, or posting of certain forms, filings, and […]
SEC Charges Crypto Entrepreneur Justin Sun, his Companies and Celebrities for Fraud and Other Securities Law Violations
The SEC has charged Justin Sun, a prominent crypto asset entrepreneur, and his wholly-owned companies, Tron Foundation Limited, BitTorrent Foundation Ltd., and Rainberry Inc. (formerly BitTorrent), for the unregistered offer and sale of crypto asset securities Tronix (TRX) and BitTorrent (BTT). In addition, Sun and his companies have been charged […]
UBS Agrees to Acquire Credit Suisse
The two banks entered into the merger agreement on Sunday (19 March), although it remains subject to customary closing conditions. The surprise announcement had come to the fore late on Friday with both sides working over the weekend to reach an arrangement. https://citywire.com/new-model-adviser/news/ubs-to-acquire-credit-suisse-in-emergency-rescue/a2412164?re=107225&refea=1889495
SEC Office of Municipal Securities Issues FAQs for Registration of Municipal Advisors
The U.S. Securities and Exchange Commission’s Office of Municipal Securities today announced that it updated its Registration of Municipal Advisors Frequently Asked Questions webpage to add a section, entitled Completion of Form MA, Form MA-I, and Form… Read the Full Press Release Have a securities law question? Call New York […]
SEC Virtual Outreach Event Highlights Students on the Frontlines of Investor Protection
The U.S. Securities and Exchange Commission announced that it will host a virtual event, entitled “Investor Advocacy Clinics: Students Fight for Investor Justice,” on Wednesday, March 29 from 11:00 a.m. to 12:00 p.m. ET. The event will highlight the… Read the Full Press Release Have a securities law question? Call New […]
UBS Acquires Credit Suisse
https://citywire.com/new-model-adviser/news/ubs-to-acquire-credit-suisse-in-emergency-rescue/a2412164?re=107225&refea=1889495
SEC Charges Exiled Miles Guo and H William Je in $850 Million Fraud Scheme
The SEC has charged exiled Chinese businessman Miles Guo and his financial advisor, William Je, for their involvement in unregistered and fraudulent offerings that raised more than $850 million. The charges include misappropriation of funds, violations of registration provisions of securities laws, and material misrepresentations to prospective investors. Misappropriation of […]
SEC Proposes Changes to Reg S-P to Enhance Protection of Customer Information
On March 15, 2023, the SEC proposed amendments to Regulation S-P that aim to enhance the protection of customer information. The proposed amendments would require broker-dealers, investment companies, registered investment advisers, and transfer agents to provide notice to individuals affected by certain types of data breaches that may put them […]