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SEC Charges Hospitality Company for Failing to Disclose Executive Perks

The SEC settled charges against Virginia-based hospitality company Hilton Worldwide Holdings Inc. for failing to fully disclose perquisites and personal benefits provided to executive officers. The action was generated by the Division of Enforcement’s use of risk-based data analytics to uncover potential violations related to corporate perquisites. According to the […]

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SEC Whistleblower Program Ends Record-Setting Fiscal Year With Four Additional Awards

he Securities and Exchange Commission today announced awards to four individuals for total payments of almost $5 million. Each of these whistleblowers provided critical information that alerted the Commission of the alleged wrongdoing and resulted in successful enforcement action. This year the SEC has made a record 39 individual awards of approximately […]

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SEC Charges Manitex International and Three Former Senior Executives With Accounting Fraud

The Securities and Exchange Commission today announced settled charges against Manitex International, Inc., a Bridgeview, Illinois manufacturer and distributor of cranes, forklifts and heavy equipment, and three of its former senior executives for two… Read the Full Press Release Have a securities law question? Call Sallah Astarita & Cox at […]

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SEC Charges Former Real Estate Executive With Misappropriating $26 Million in Ponzi Scheme

The Securities and Exchange Commission today charged the former president of a Marin, California real estate development and management company with operating a fraudulent Ponzi scheme and misappropriating over $26 million from more than 1,300 investors – many of whom were elderly and retired. According to the SEC’s complaint, from September […]

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SEC Charges Ratings Agency With Internal Controls Failures in Connection With Ratings of CMBS and CLO Combo Notes

The Securities and Exchange Commission today announced that the credit ratings agency Kroll Bond Rating Agency Inc. (KBRA) has agreed to pay more than $2 million to settle separate charges relating to the rating of commercial mortgage-backed securities (… Read the Full Press Release Have a securities law question? Call […]

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J.P. Morgan Securities Admits to Manipulative Trading in U.S. Treasuries

The Securities and Exchange Commission today announced charges against J.P. Morgan Securities LLC, a broker-dealer subsidiary of JPMorgan Chase & Co., for fraudulently engaging in manipulative trading of U.S. Treasury securities. J.P. Morgan… Read the Full Press Release Have a securities law question? Call Sallah Astarita & Cox at 212-509-6544. from […]