Wednesday, August 8, 2018

SEC News - Stock Manipulation, Insider Trading, and Fraud

Recidivist Charged in Stock Manipulation Scheme
An individual has been charged with manipulating the stocks of three microcap companies while on supervised release following his criminal conviction for a prior securities fraud.

SEC Proposes Rules to Simplify and Streamline Disclosures in Certain Registered Debt Offerings
The SEC voted to propose rule amendments to simplify and streamline the financial disclosure requirements applicable to registered debt offerings for guarantors and issuers of guaranteed securities, as well as for affiliates whose securities collateralize a registrant’s securities.

SEC Detects Silicon Valley Executive’s Insider Trading
A senior executive at a Silicon Valley fiber optics company has agreed to settle charges that he made nearly $200,000 in illicit profits by trading on inside information in advance of three disappointing earnings announcements by the company.

Failed Fyre Festival Founder and Others Charged With $27.4 Million Offering Fraud
A New York entrepreneur, two companies he founded, a former senior executive, and a former contractor agreed to settle charges arising out of an extensive, multi-year offering fraud that raised at least $27.4 million from over 100 investors.

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The attorneys at Sallah Astarita & Cox include veteran securities litigators and former SEC Enforcement Attorneys. We have decades of experience in securities litigation matters, including the defense of enforcement actions. We represent investors, financial professionals and investment firms, nationwide. For more information call 212-509-6544 or send an email to mja@sallahlaw.comThe Securities Law Blog.

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