The Securities and Exchange Commission today proposed amendments designed to modernize its information collection and analysis methods by, among other things, proposing that a number of filings be submitted to the Commission electronically on EDGAR using… Read the Full Press Release Have a securities law question? Call New York Securities […]
Tag: securities defense attorney
SEC Office of Municipal Securities Issues FAQs for Registration of Municipal Advisors
The U.S. Securities and Exchange Commission’s Office of Municipal Securities today announced that it updated its Registration of Municipal Advisors Frequently Asked Questions webpage to add a section, entitled Completion of Form MA, Form MA-I, and Form… Read the Full Press Release Have a securities law question? Call New York […]
SEC Virtual Outreach Event Highlights Students on the Frontlines of Investor Protection
The U.S. Securities and Exchange Commission announced that it will host a virtual event, entitled “Investor Advocacy Clinics: Students Fight for Investor Justice,” on Wednesday, March 29 from 11:00 a.m. to 12:00 p.m. ET. The event will highlight the… Read the Full Press Release Have a securities law question? Call New […]
The Greenbrier Companies Settle with SEC for Failing to Disclose Perks to Executives
The SEC announced on March 2, 2023, that The Greenbrier Companies Inc. and its founder and former CEO and Chairman, William A. Furman, settled charges for failing to disclose perks provided to Furman and other Greenbrier executives, as well as compensation Furman received from Greenbrier’s charters of his private plane […]
SEC Charges Ontrak Chairman Terren Peizer with Insider Trading
The SEC has charged Terren S. Peizer, the Executive Chairman of Ontrak Inc., a healthcare treatment company based in Santa Monica, California, with insider trading. Peizer is accused of selling over $20 million of Ontrak stock between May and August 2021, while in possession of material nonpublic negative information related […]
SEC Settles Charges Against African Gold Acquisition Corp. for Internal Controls, Reporting, and Recordkeeping Violations
The Securities and Exchange Commission (SEC) has settled charges against African Gold Acquisition Corp., a special purpose acquisition company (SPAC), for violating Exchange Act provisions related to internal controls, reporting, and recordkeeping. The SEC’s order alleges that the SPAC’s former chief financial officer misappropriated approximately $1.2 million from the company’s […]
Ensign Peak Advisers and The Church of Jesus Christ of Latter-day Saints Settle SEC Charges
Ensign Peak Advisers Inc., a non-profit entity owned and operated by The Church of Jesus Christ of Latter-day Saints, has settled charges with the Securities and Exchange Commission (SEC) for failing to file required disclosure forms related to the Church’s equity investments. The SEC also announced charges against the Church […]
SEC Fines OCC $17 Million for Non-Compliance with Stress Testing and Clearing Fund Methodology
The SEC has ordered The Options Clearing Corporation (OCC) to pay $17 million in penalties for violating its SEC-approved Stress Testing and Clearing Fund Methodology rule. The regulatory body found that OCC failed to comply with its own rule during certain times between October 2019 and May 2021. OCC, based […]
SEC Charges Terraform and CEO Do Kwon in Crypto Schemes
We discussed this case previously in connection with the firm’s CEO,s attempts to avoid service of a subpoena and his refusal to comply. The company not only refused to comply, but it sued the SEC for violation of various statutes. See, What Happens if I Ignore an SEC Subpoena. Now […]
Getting Paid to Promote Securities? You Need to Disclose That Fact!
Former NBA player Paul Pierce was paid more than $244,000 worth of EMAX tokens in order to promote them on Twitter. He failed to disclose the payment and ultimately agreed to settle an SEC case by disgorging the $244,000 payment, plus interest and $1,115,000 million in penalties. That is a […]
