Mark J. Astarita

News Whistleblower

SEC Awards Over $1.25 Million to Whistleblower

The Securities and Exchange Commission today announced an award of over $1.25 million to a whistleblower whose significant information prompted the agency to initiate a cause examination and bring an enforcement action that resulted in the return of… Read the Full Press Release Have a securities law question? Call Sallah […]

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SEC Charges Ponzi Scheme Targeting African Immigrants

The Securities and Exchange Commission today charged two Maryland companies and their principals for a scheme that allegedly defrauded approximately 1,200 investors, many of them African immigrants, of more than $27 million. According to the SEC’s… Read the Full Press Release Have a securities law question? Call Sallah Astarita & […]

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SEC Charges Herbalife With FCPA Violations

The Securities and Exchange Commission today announced that Herbalife Nutrition Ltd. has agreed to pay more than $67 million to settle charges that it violated the books and records and internal accounting controls provisions of the Foreign Corrupt… Read the Full Press Release Have a securities law question? Call Sallah […]

Securities and Exchange Commission
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Proposed Change to Accredited Investor Definition

The definition of an accredited investor has always been based on income and net worth. Over the decades that definition has become outdated and excludes individual who have the financial ability and acumen to make informed investment decisions. All of that is about to change. On August 26 the SEC […]

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SECLaw Tops The List of Securities Law Blogs

We did it again! Feedspot just published its list of the top 15 Securities Law Blogs, and we are #1. It’s not easy keeping pace with the ever changing laws of the financial markets, but we have been managing to do so for over 25 years. https://blog.feedspot.com/securities_law_blogs/ Visit us at […]

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SEC Modernizes the Accredited Investor Definition

The Securities and Exchange Commission today adopted amendments to the “accredited investor” definition, one of the principal tests for determining who is eligible to participate in our private capital markets. Historically, individual investors who do not meet specific income or net worth tests, regardless of their financial sophistication, have been […]