Tag: seclaw

News

Coinbase Responds to its Wells Notice

Coinbase, the cryptocurrency platform, has received a seclaw.com/glossary/wells-notice/” data-gt-translate-attributes='[{“attribute”:”data-cmtooltip”, “format”:”html”}]’>Wells Notice from the SEC regarding its lending program. At first blush it does not appear that the program, which allows customers to lend their currency is a security,  but we have not seen the SEC’s files, so anything is possible. Coinbase has […]

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The Importance of Cybersecurity Policies

It seems like every day we see reports of hacking of corporate computers, resulting in the disclosure of personal customer information.  Unfortunately, the brokerage industry is not immune from such attacks. Just yesterday the SEC sanctioned eight firms in three different actions for failures in their cybersecurity policies and procedures […]

Whistleblower tip
News Whistleblower

SEC Issues Whistleblower Awards Totaling $2.6 Million

The Securities and Exchange Commission today announced awards of approximately $2.6 million to five whistleblowers who provided information and assistance in three separate enforcement proceedings. In the first order, the SEC awarded approximately $1.2 million to a whistleblower who provided valuable independent analysis based upon a complex algorithm the whistleblower […]

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SEC Obtains Emergency Relief, Charges Investment Adviser and Its Principal with Operating $110 Million Ponzi Scheme

On Aug. 20, 2021, the Securities and Exchange Commission filed an emergency action to stop a fraudulent seclaw.com/glossary/ponzi-scheme/” data-gt-translate-attributes='[{“attribute”:”data-cmtooltip”, “format”:”html”}]’>Ponzi scheme allegedly perpetrated by Marietta, Georgia resident John Woods and two entities he controls: registered investment adviser Livingston… Read the Full Press Release Have a securities law question? Call Sallah Astarita & […]

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SEC Charges Healthcare Services Company and CFO for Failing to Accurately Report Loss Contingencies as part of Continuing EPS Initiative

The Securities and Exchange Commission today announced that Pennsylvania-based Healthcare Services Group, Inc. has agreed to pay $6 million to settle charges that the company engaged in accounting and disclosure violations that enabled the company to… Read the Full Press Release Have a securities law question? Call Sallah Astarita & […]