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 […]
Tag: SECLaw.com
SEC Charges Unregistered Brokers in Penny Stock Scheme Targeting Seniors
The Securities and Exchange Commission today charged three Florida residents with fraudulent sales of stock in NIT Enterprises Inc., a South Florida technology company. The SEC previously charged NIT Enterprises, its former CEO, and two SEC-barred… Read the Full Press Release Have a securities law question? Call Sallah Astarita & […]
SEC Charges Swedish National with Global Scheme Defrauding Retail Investors, Including Deaf Community Members
The Securities and Exchange Commission today charged a Swedish national living in Thailand with conducting a multi-million dollar online offering fraud that victimized thousands of retail investors worldwide, including hundreds of investors from the Deaf… Read the Full Press Release Have a securities law question? Call Sallah Astarita & Cox […]
Fiat Chrysler Agrees to Pay $9.5 Million Penalty for Disclosure Violations
The Securities and Exchange Commission today announced that Fiat Chrysler Automobiles N.V., a London-based public company that sells vehicles through its Michigan-based subsidiary, agreed to settle charges that it made misleading disclosures about an… Read the Full Press Release Have a securities law question? Call Sallah Astarita & Cox at […]
SEC Staff to Host October 26 Roundtable on Regulation Best Interest and Form CRS
The Securities and Exchange Commission today announced October 26 as the date for its roundtable at which Commission staff and the Financial Industry Regulatory Authority (FINRA) will discuss initial observations on Regulation Best Interest and… Read the Full Press Release Have a securities law question? Call Sallah Astarita & Cox at 212-509-6544. […]
SEC Charges Amazon Finance Manager and Family With Insider Trading
The Securities and Exchange Commission today charged a former finance manager at Amazon.com Inc. and two family members with insider trading in advance of Amazon earnings announcements between January 2016 and July 2018. According to the SEC‘s… Read the Full Press Release Have a securities law question? Call Sallah Astarita & […]
SEC Proposes Rules to Extend Regulations ATS and SCI to Treasuries and Other Government Securities Markets
The Securities and Exchange Commission today announced a proposal to enhance the operational transparency, system integrity, and regulatory oversight for alternative trading systems (ATSs) that trade government securities as well as repurchase and… Read the Full Press Release Have a securities law question? Call Sallah Astarita & Cox at 212-509-6544. […]
SEC Charges Companies, Former Executives as Part of Risk-Based Initiative
The Securities and Exchange Commission today filed settled actions against two public companies for violations that resulted in the improper reporting of quarterly earnings per share (EPS) that met or exceeded analyst consensus estimates. The… Read the Full Press Release Have a securities law question? Call Sallah Astarita & Cox […]
SEC Charges Top Executive of California Microcap Company for Misleading Claims Concerning COVID-19 Test and Financial Statements
The Securities and Exchange Commission today charged Mark Schena, the President and Chief Science Officer of Arrayit Corporation, for making allegedly false and misleading statements concerning Arrayit’s development of a COVID-19 blood test and its… Read the Full Press Release Have a securities law question? Call Sallah Astarita & Cox […]
Engine Manufacturing Company to Pay Penalty, Take Remedial Measures to Settle Charges of Accounting Fraud
The Securities and Exchange Commission today announced that Chicago-area engine manufacturing company Power Solutions International Inc., has agreed to settle accounting fraud charges related to the company’s overstatement of revenues by almost $25… Read the Full Press Release Have a securities law question? Call Sallah Astarita & Cox at 212-509-6544. […]
