Tag: SEC Enforcement

Brokers Enforcement Investors

SEC Charges Unregistered Brokers that Facilitated more than $1.2 Billion in Primarily Penny Stock Trades

Nov. 17, 2022 — The Securities and Exchange Commission today charged Jeffrey K. Galvani, Stuart A. Jeffery, and two New York-based entities they controlled with operating as unregistered broker-dealers that facilitated more than $1.2 billion of securities trading, primarily in penny stocks. The SEC’s complaint alleges that Galvani and Jeffery […]

Enforcement Investors News

New Jersey Real Estate Development Firm and Four Executives Charged With $600 Million Ponzi-like Fraud

Oct. 13, 2022 — The Securities and Exchange Commission today charged New Jersey-based National Realty Investment Advisors LLC (NRIA) and four of its former executives with running a Ponzi-like scheme that raised approximately $600 million from about 2,000 investors.  The Complaint’s Allegations The SEC’s complaint alleges that beginning in 2018, […]

Compliance Enforcement News

VMware Settles SEC Charges with $8 Million Penalty for Obscuring Financial Performance

Sept. 12, 2022 —The Securities and Exchange Commission today charged VMware Inc. for misleading investors about its order backlog management practices, which enabled the Palo Alto, California-based technology company to push revenue into future quarters by delaying product deliveries to customers, concealing the company’s slowing performance relative to its projections. […]