The Securities and Exchange Commission today adopted amendments to modernize filing fee disclosure and payment methods. Operating companies and investment companies (funds) pay filing fees when engaging in certain transactions, including registered… Read the Full Press Release Have a securities law question? Call Sallah Astarita & Cox at 212-509-6544.
Tag: Securities Lawyer
SEC Charges Hemp Company and Co-Founders With Fraud
The Securities and Exchange Commission today charged CanaFarma Hemp Products Corp. and its co-founders with fraudulently raising approximately $15 million from investors, and misappropriating a significant portion of the investor funds for personal use… Read the Full Press Release Have a securities law question? Call Sallah Astarita & Cox at […]
SEC Bars Two Individuals from Whistleblower Award Program
In an unusual move, the SEC barred two individuals from the SEC’s whistleblower award program, each of whom filed hundreds of frivolous award applications. The bars were issued pursuant to the 2020 amendments to the Whistleblower Program Rules, which were designed to allow the whistleblower program to operate more effectively […]
SEC Charges Investment Bank Compliance Analyst with Insider Trading in Parents’ Accounts and Obtains Asset Freeze
The Securities and Exchange Commission today charged Jose Luis Casero Sanchez, a Spanish national and former Senior Compliance Analyst who worked in the Warsaw, Poland office of an international investment bank, with insider trading in advance of at… Read the Full Press Release Have a securities law question? Call Sallah […]
Rogue Trader Settles Enforcement Action, Criminal Charges Pending
The SEC filed charges against Keith A. Wakefield, a former managing director and head of fixed-income trading at IFS Securities, Inc., an Atlanta-based broker-dealer, causing millions of dollars of losses through unauthorized trading in fixed income securities, and with fraudulently obtaining approximately $820,000 in fictitious commission income. According to the […]
SEC Charges Webcast Host for Role in Market Manipulation Scheme
The Securities and Exchange Commission yesterday announced charges against Mark Melnick, the host of a stock trading webcast, for spreading more than 100 false rumors about public companies in order to generate illicit profits. The SEC previously charged… Read the Full Press Release Have a securities law question? Call Sallah […]
Mark Zuckerberg May Have SEC Problems?
Rawstory is reporting that Facebook is treating its user’s posts differently based on their wealth and status, which may cause problems with the SEC. According to the post, a Wall Street Journal investigation revealed that Facebook’s internal algorithm allows certain users to get around the company’s enforcement procedures, which is […]
SEC Charges Former Executives of Registered Investment Adviser with Fraud
The Securities and Exchange Commission today charged Robert D. Press, the former CEO of the advisory firm TCA Fund Management Group Corp., and Donna M. Silverman, TCA’s former chief portfolio manager, for their roles in the firm’s scheme to artificially… Read the Full Press Release Have a securities law question? […]
SEC Proposes to Enhance Proxy Voting Disclosure by Investment Funds and Require Disclosure of “Say-on-Pay” Votes for Institutional Investment Managers
The Securities and Exchange Commission today proposed amendments to Form N-PX to enhance the information mutual funds, exchange-traded funds, and certain other funds report about their proxy votes. The proposed rulemaking would require funds to tie the… Read the Full Press Release Have a securities law question? Call Sallah Astarita […]
SEC Obtains Emergency Relief Against New York Real Estate Developer Charged with EB-5 Securities Fraud
The Securities and Exchange Commission today announced that it filed an emergency action and obtained an asset freeze, among other relief, against Richard Xia (aka Yi Via) and his company, Fleet New York Metropolitan Regional Center LLC (formerly known… Read the Full Press Release Have a securities law question? Call […]
