Tuesday, June 22, 2021

SEC Charges ICO Issuer and CEO With Fraud and Unregistered Securities Offering

The Securities and Exchange Commission today announced settled charges against Loci Inc. and its CEO John Wise for making materially false and misleading statements in connection with an unregistered offer and sale of digital asset securities.…

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Have a securities law question? Call Sallah Astarita & Cox at 212-509-6544.

Monday, June 21, 2021

SEC Obtains Asset Freeze Against Offshore Fund and Its Operators

The Securities and Exchange Commission today announced that it has filed an emergency action charging an offshore fund and two individuals with engaging in a fraudulent scheme, and obtained an asset freeze to safeguard remaining investor funds at risk of…

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Have a securities law question? Call Sallah Astarita & Cox at 212-509-6544.

SEC Issues Whistleblower Awards Totaling Nearly $5.3 Million

The Securities and Exchange Commission today announced awards of nearly $5.3 million to whistleblowers who provided information and assistance in separate enforcement proceedings. In the first order, the SEC awarded a whistleblower nearly $4 million for…

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Have a securities law question? Call Sallah Astarita & Cox at 212-509-6544.

Friday, June 18, 2021

Morgan Stanley Forcing You Back to the Office?

Maybe it is time to transition or to go independent.  Call the broker transition lawyers at Sallah Astarita & Cox for a free consultation.  212-509-6544 

Tuesday, June 15, 2021

Regulators Offer Free Resource to Securities Firms to Assist in Addressing Financial Exploitation of Seniors

In recognition of World Elder Abuse Awareness Day, the U.S. Securities and Exchange Commission (SEC), the North American Securities Administrators Association (NASAA), and the Financial Industry Regulatory Authority (FINRA) today announced a new resource…

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Have a securities law question? Call Sallah Astarita & Cox at 212-509-6544.

Six Charged in Silicon Valley Insider Trading Ring

The Securities and Exchange Commission today announced insider trading charges against a Silicon Valley trading ring whose members generated nearly $1.7 million in illegal profits and losses avoided by trading on the confidential earnings information of…

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Have a securities law question? Call Sallah Astarita & Cox at 212-509-6544.

SEC Charges Issuer With Cybersecurity Disclosure Controls Failures

The Securities and Exchange Commission today announced settled charges against real estate settlement services company First American Financial Corporation for disclosure controls and procedures violations related to a cybersecurity vulnerability that…

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Have a securities law question? Call Sallah Astarita & Cox at 212-509-6544.

Monday, June 14, 2021

Renee Jones to Join SEC as Director of Corporation Finance; John Coates Named SEC General Counsel

The Securities and Exchange Commission today announced that Renee Jones has been appointed Director of the Division of Corporation Finance. John Coates, the Division’s current Acting Director, has been named SEC General Counsel. Both appointments are…

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Have a securities law question? Call Sallah Astarita & Cox at 212-509-6544.

SEC Awards Approximately $3 Million to Two Whistleblowers

The Securities and Exchange Commission today announced an aggregate award of approximately $3 million to two whistleblowers whose information and assistance led to a successful SEC enforcement action.  The whistleblowers separately and independently…

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Have a securities law question? Call Sallah Astarita & Cox at 212-509-6544.

Friday, June 11, 2021

SEC Announces Annual Regulatory Agenda

The Office of Information and Regulatory Affairs today released the Spring 2021 Unified Agenda of Regulatory and Deregulatory Actions. The report, which includes contributions related to the Securities and Exchange Commission, lists short- and long-term…

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Have a securities law question? Call Sallah Astarita & Cox at 212-509-6544.

SEC Charges Dentist-Turned-Investment Adviser for Three Separate Frauds

The Securities and Exchange Commission today charged Edgar M. Radjabli of Boca Raton, Florida, and two entities he controlled for engaging in three separate securities frauds of escalating size. The SEC’s complaint alleges that Radjabli, formerly a…

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Have a securities law question? Call Sallah Astarita & Cox at 212-509-6544.

Wednesday, June 9, 2021

SEC Updates List of Firms Using Inaccurate Information to Solicit Investors

The Securities and Exchange Commission today announced that it updated its list of unregistered entities that use misleading information to solicit primarily non-U.S. investors, adding 55 soliciting entities, four (4) impersonators of genuine firms, and…

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Have a securities law question? Call Sallah Astarita & Cox at 212-509-6544.