The Securities and Exchange Commission today announced the approval of a substituted compliance determination order with respect to security-based swap dealers and major security-based swap participants (SBS Entities) subject to regulation in the French… Read the Full Press Release Have a securities law question? Call Sallah Astarita & Cox at […]
Tag: Securities Lawyer
SEC Charges 27 Financial Firms for Form CRS Filing and Delivery Failures
The Securities and Exchange Commission today announced that 21 investment advisers and 6 broker-dealers have agreed to settle charges that they failed to timely file and deliver their client or customer relationship summaries – known as Form CRS – to… Read the Full Press Release Have a securities law question? […]
SEC Halts Alleged Ongoing Offering Fraud Involving Cycling Companies
The Securities and Exchange Commission today announced an emergency action including a temporary restraining order and asset freeze to stop an alleged fraudulent offering of securities and misappropriation of investor assets by Outdoor Capital Partners… Read the Full Press Release Have a securities law question? Call Sallah Astarita & Cox […]
YJ Fischer to Join SEC as Director of the Office of International Affairs
The Securities and Exchange Commission today announced the appointment of YJ Fischer as Director of the Office of International Affairs (OIA), effective Aug. 2. Ms. Fischer previously served in various roles at the U.S. State Department during the… Read the Full Press Release Have a securities law question? Call Sallah Astarita […]
SEC Charges Retailer and Former CEO for Accounting, Reporting, and Control Failures
The Securities and Exchange Commission today announced that Fort Worth, Texas, specialty retailer Tandy Leather Factory Inc. and its former chief executive officer Shannon Greene have agreed to settle charges for accounting, reporting, and control… Read the Full Press Release Have a securities law question? Call Sallah Astarita & Cox […]
SEC Awards Nearly $3 Million to Whistleblower
The Securities and Exchange Commission today announced an award of nearly $3 million to a whistleblower whose information and assistance led to a successful SEC enforcement action. “The whistleblower alerted the SEC to previously unknown conduct and then provided substantial additional assistance, which conserved a considerable amount of SEC resources,” […]
Computer Guru Gets SEC Asset Freeze
The SEC has very strong enforcement power over those who it believes violated, or are violating, the federal securities laws. Brent Kovar, who has had prior run-ins with the securities law, and his mom, were the subject of an emergency action, a temporary restraining order and asset freeze to halt […]
Chair Gensler Announces Composition of Policy Team
The Securities and Exchange Commission today announced the appointments of Corey Klemmer, Adam Large, Mika Morse, Sirimal Mukerjee, and Sai Rao to Chair Gary Gensler’s policy staff, led by the Policy Director Heather Slavkin Corzo. “I am pleased that… Read the Full Press Release Have a securities law question? Call […]
SEC Charges Executives of Network Infrastructure Company With Accounting Fraud
The Securities and Exchange Commission today charged the former CEO and CFO of FTE Networks Inc., a network infrastructure company formerly based in Naples, Florida, with conducting a multi-year accounting fraud. This alleged scheme involved inflating… Read the Full Press Release Have a securities law question? Call Sallah Astarita & […]
Merrill Lynch Penalized $11.6 Million For Improper UIT Rollovers
Merrill Lynch Penalized $11.6 Million For Improper UIT Rollovers: The transactions forced clients to pay millions of dollars in needless fees, according to FINRA. A UIT is an investment company that offers investors shares, or “units,” in a fixed portfolio of securities in a one-time public offering that terminates […]