The Securities and Exchange Commission today announced settled charges against Germany-based automaker BMW AG and two of its U.S. subsidiaries for disclosing inaccurate and misleading information about BMW’s retail sales volume in the U.S. while raising… Read the Full Press Release Have a securities law question? Call Sallah Astarita & […]
Tag: SECLaw.com
SEC Charges Lighting Products Company and Four Executives With Accounting Violations
The Securities and Exchange Commission today charged Connecticut-based Revolution Lighting Technologies Inc. for an accounting fraud that falsely inflated its reported revenues over a four-year period. Four Revolution Lighting executives—CEO Robert… Read the Full Press Release Have a securities law question? Call Sallah Astarita & Cox at 212-509-6544. from SECLaw.com
SEC Adopts Amendments to Modernize Shareholder Proposal Rule
The Securities and Exchange Commission today voted to adopt amendments to modernize its shareholder proposal rule, which governs the process for a shareholder to have its proposal included in a company’s proxy statement for consideration by all of the… Read the Full Press Release Have a securities law question? Call […]
SEC Adds Clarity, Efficiency and Transparency to Its Successful Whistleblower Award Program
The Securities and Exchange Commission today voted to adopt amendments to the rules governing its whistleblower program that are designed to provide greater clarity to whistleblowers and increase the program’s efficiency and transparency. … Read the Full Press Release Have a securities law question? Call Sallah Astarita & Cox at 212-509-6544. […]
SEC Obtains Emergency Asset Freeze, Charges Ring of Microcap Stock Manipulators Targeting Retail Investors
The Securities and Exchange Commission today announced that it has obtained an asset freeze and other emergency relief to halt a series of microcap market manipulation schemes that defrauded retail investors. According to the SEC’s complaint, from… Read the Full Press Release Have a securities law question? Call Sallah Astarita […]
SEC Adopts Amendments to Enhance Retail Investor Protections and Modernize the Rule Governing Quotations for Over-the-Counter Securities
The Securities and Exchange Commission today adopted amendments to Exchange Act Rule 15c2-11, an important component of the over-the-counter (OTC) market regulatory structure. The amendments are designed to modernize the rule, which was last… Read the Full Press Release Have a securities law question? Call Sallah Astarita & Cox at […]
SEC Report and Recommendations on the 39th Annual Small Business Forum
The Securities and Exchange Commission today delivered a report to Congress on the 39th Annual Small Business Forum. The 2020 Forum highlighted challenges and success stories from startups to small cap companies across the country and featured discussions about women-owned, minority-owned, and rural businesses and their investors, as well as […]
SEC Charges Film Producer, Rapper, and Others for Participation in Two Fraudulent ICOs
The Securities and Exchange Commission today announced charges against five Atlanta-based individuals, including film producer Ryan Felton, rapper and actor Clifford Harris, Jr., known as T.I. or Tip, and three others who each promoted one of Felton’s… Read the Full Press Release Have a securities law question? Call Sallah Astarita […]
SEC Issues Agenda for September 16 Meeting of the Asset Management Advisory Committee
The Securities and Exchange Commission today released the agenda for the September 16, 2020, meeting of the Asset Management Advisory Committee (AMAC). AMAC was formed to provide the Commission with diverse perspectives on asset management and… Read the Full Press Release Have a securities law question? Call Sallah Astarita & […]
SEC Announces Final Distribution in WG Trading Investment Fraud, Totaling Over $1 Billion Returned to Harmed Investors
The Securities and Exchange Commission today announced that the court-appointed receiver has begun the final distribution to investors in connection with the SEC‘s action against defendants Paul Greenwood, Steven Walsh, and their affiliated WG Trading… Read the Full Press Release Have a securities law question? Call Sallah Astarita & Cox […]