tag:blogger.com,1999:blog-8031502024-03-27T19:55:07.213-04:00The Securities Law Blog from SECLaw.comThe Securities Law Blog has been providing investors, advisors and attorneys with news and expert commentary from top securities attorneys and regulators since 1995. Updated daily.Mark Astaritahttp://www.blogger.com/profile/02948946256912309626noreply@blogger.comBlogger3579125tag:blogger.com,1999:blog-803150.post-57930311575545661002024-03-27T10:05:00.001-04:002024-03-27T10:05:40.076-04:00SEC Adopts Reforms Relating to Investment Advisers Operating Exclusively Through the InternetThe Securities and Exchange Commission today adopted amendments to the rule permitting certain internet investment advisers to register with the Commission (the “internet adviser exemption”). The amendments will require an investment adviser relying on…<br />
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<a href="https://www.sec.gov/news/press-release/2024-42">Read the Full Press Release</a>
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Have a securities law question? Call <a href="http://www.securitieslawyer.us">New York Securities Lawyers</a> at 212-509-6544.</p>
Mark Astaritahttp://www.blogger.com/profile/02948946256912309626noreply@blogger.comtag:blogger.com,1999:blog-803150.post-13225646099636753572024-03-26T16:20:00.001-04:002024-03-26T16:20:55.347-04:00SEC Seeks Candidates for Investor Advisory CommitteeThe Securities and Exchange Commission is seeking five candidates for appointment to the Investor Advisory Committee to help protect investors and improve securities regulations. The Committee was established under the Dodd-Frank Wall Street Reform and…<br />
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<a href="https://www.sec.gov/news/press-release/2024-41">Read the Full Press Release</a>
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Have a securities law question? Call <a href="http://www.securitieslawyer.us">New York Securities Lawyers</a> at 212-509-6544.</p>
Mark Astaritahttp://www.blogger.com/profile/02948946256912309626noreply@blogger.comtag:blogger.com,1999:blog-803150.post-85673309187655441982024-03-26T09:05:00.001-04:002024-03-26T09:05:48.485-04:00SEC Charges Former Arista Networks Chairman Andy Bechtolsheim with Insider TradingThe Securities and Exchange Commission today announced insider trading charges against Andreas “Andy” Bechtolsheim, the founder and Chief Architect of Silicon Valley-based technology company Arista Networks, Inc. To settle the SEC’s charges, Bechtolsheim…<br />
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<a href="https://www.sec.gov/news/press-release/2024-40">Read the Full Press Release</a>
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Have a securities law question? Call <a href="http://www.securitieslawyer.us">New York Securities Lawyers</a> at 212-509-6544.</p>
Mark Astaritahttp://www.blogger.com/profile/02948946256912309626noreply@blogger.comtag:blogger.com,1999:blog-803150.post-27486743465003952782024-03-21T09:00:00.001-04:002024-03-21T09:00:49.663-04:00SEC’s OMWI FY 2023 Annual Report Highlights the Agency’s Diversity, Equity, Inclusion and Accessibility Initiatives and ProgressAs part of its continuing efforts to promote diversity, equity, and inclusion with regulated entities, the Securities and Exchange Commission’s Office of Minority and Women Inclusion (OMWI) published two reports: the 2022 Diversity Assessment Report for…<br />
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<a href="https://www.sec.gov/news/press-release/2024-39">Read the Full Press Release</a>
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Have a securities law question? Call <a href="http://www.securitieslawyer.us">New York Securities Lawyers</a> at 212-509-6544.</p>
Mark Astaritahttp://www.blogger.com/profile/02948946256912309626noreply@blogger.comtag:blogger.com,1999:blog-803150.post-61480876204808316682024-03-19T13:06:00.001-04:002024-03-19T13:06:00.465-04:00SEC, NASAA, and Georgia Secretary of State to Host Investor Roundtables at University of North Georgia and Dalton State CollegeThe Securities and Exchange Commission today announced that it will join the North American Securities Administrators Association (NASAA), the Georgia Secretary of State, the University of North Georgia, and Dalton State College to host joint public…<br />
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<a href="https://www.sec.gov/news/press-release/2024-38">Read the Full Press Release</a>
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Have a securities law question? Call <a href="http://www.securitieslawyer.us">New York Securities Lawyers</a> at 212-509-6544.</p>
Mark Astaritahttp://www.blogger.com/profile/02948946256912309626noreply@blogger.comtag:blogger.com,1999:blog-803150.post-84994336262891722682024-03-19T09:00:00.001-04:002024-03-19T09:00:25.011-04:00Genesis Agrees to Pay $21 Million Penalty to Settle SEC ChargesThe Securities and Exchange Commission today announced that Genesis Global Capital, LLC agreed to a final judgment ordering it to pay a $21 million civil penalty and imposing a permanent injunction to settle charges that it engaged in the unregistered…<br />
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<a href="https://www.sec.gov/news/press-release/2024-37">Read the Full Press Release</a>
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Have a securities law question? Call <a href="http://www.securitieslawyer.us">New York Securities Lawyers</a> at 212-509-6544.</p>
Mark Astaritahttp://www.blogger.com/profile/02948946256912309626noreply@blogger.comtag:blogger.com,1999:blog-803150.post-54577833942657168362024-03-18T08:06:00.001-04:002024-03-18T08:06:27.909-04:00SEC Charges Two Investment Advisers with Making False and Misleading Statements About Their Use of Artificial IntelligenceThe Securities and Exchange Commission today announced settled charges against two investment advisers, Delphia (USA) Inc. and Global Predictions Inc., for making false and misleading statements about their purported use of artificial intelligence (AI).…<br />
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<a href="https://www.sec.gov/news/press-release/2024-36">Read the Full Press Release</a>
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Have a securities law question? Call <a href="http://www.securitieslawyer.us">New York Securities Lawyers</a> at 212-509-6544.</p>
Mark Astaritahttp://www.blogger.com/profile/02948946256912309626noreply@blogger.comtag:blogger.com,1999:blog-803150.post-88953739639742427362024-03-15T08:35:00.001-04:002024-03-15T08:35:27.189-04:00SEC Charges 17 Individuals in $300 Million Crypto Asset Ponzi Scheme Targeting the Latino CommunityThe Securities and Exchange Commission today charged 17 individuals for their roles in a $300 million Ponzi scheme that involved Houston, Texas-based CryptoFX LLC and targeted more than 40,000 predominantly Latino investors in the U.S. and two other…<br />
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<a href="https://www.sec.gov/news/press-release/2024-35">Read the Full Press Release</a>
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Have a securities law question? Call <a href="http://www.securitieslawyer.us">New York Securities Lawyers</a> at 212-509-6544.</p>
Mark Astaritahttp://www.blogger.com/profile/02948946256912309626noreply@blogger.comtag:blogger.com,1999:blog-803150.post-62740083503119513172024-03-14T16:15:00.001-04:002024-03-14T16:15:22.027-04:00SEC Charges 17 Individuals in $300 Million Crypto-Asset Ponzi Scheme Targeting the Latino CommunityThe Securities and Exchange Commission today charged 17 individuals for their roles in a $300 million Ponzi scheme that involved Houston, Texas-based CryptoFX LLC and targeted more than 40,000 predominantly Latino investors in the U.S. and two other…<br />
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<a href="https://www.sec.gov/">Read the Full Press Release</a>
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Have a securities law question? Call <a href="http://www.securitieslawyer.us">New York Securities Lawyers</a> at 212-509-6544.</p>
Mark Astaritahttp://www.blogger.com/profile/02948946256912309626noreply@blogger.comtag:blogger.com,1999:blog-803150.post-60867167214117506522024-03-12T12:00:00.001-04:002024-03-12T12:00:42.744-04:00SEC Charges Tallgrass Energy’s Former Board Member Roy Cook and Four Others with Insider Trading in Advance of Blackstone AcquisitionThe Securities and Exchange Commission today announced insider trading charges against Roy Cook, a former board member of Tallgrass Energy LP, and four of his friends for trading on material nonpublic information in advance of a public announcement that…<br />
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<a href="https://www.sec.gov/news/press-release/2024-34">Read the Full Press Release</a>
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Have a securities law question? Call <a href="http://www.securitieslawyer.us">New York Securities Lawyers</a> at 212-509-6544.</p>
Mark Astaritahttp://www.blogger.com/profile/02948946256912309626noreply@blogger.comtag:blogger.com,1999:blog-803150.post-7341659601047540742024-03-07T17:15:00.001-05:002024-03-07T17:15:26.503-05:00SEC Charges Skechers with Making Undisclosed Payments to Executives’ Family MembersThe Securities and Exchange Commission today announced that Skechers U.S.A. Inc., a footwear company based in California, agreed to settle charges for failing to disclose payments for the benefit of its executives and their immediate family members.…<br />
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<a href="https://www.sec.gov/news/press-release/2024-33">Read the Full Press Release</a>
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Have a securities law question? Call <a href="http://www.securitieslawyer.us">New York Securities Lawyers</a> at 212-509-6544.</p>
Mark Astaritahttp://www.blogger.com/profile/02948946256912309626noreply@blogger.comtag:blogger.com,1999:blog-803150.post-51178767094429818082024-03-06T13:25:00.001-05:002024-03-06T13:25:17.826-05:00SEC Adopts Amendments to Enhance Disclosure of Order Execution InformationThe Securities and Exchange Commission today adopted rule amendments that update the disclosure required under Rule 605 of Regulation NMS for order executions in national market system stocks (NMS stocks), which are stocks listed on a national securities…<br />
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<a href="https://www.sec.gov/news/press-release/2024-32">Read the Full Press Release</a>
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Have a securities law question? Call <a href="http://www.securitieslawyer.us">New York Securities Lawyers</a> at 212-509-6544.</p>
Mark Astaritahttp://www.blogger.com/profile/02948946256912309626noreply@blogger.comtag:blogger.com,1999:blog-803150.post-81346221814158150192024-03-06T12:20:00.001-05:002024-03-06T12:20:43.187-05:00SEC Adopts Rules to Enhance and Standardize Climate-Related Disclosures for InvestorsThe Securities and Exchange Commission today adopted rules to enhance and standardize climate-related disclosures by public companies and in public offerings. The final rules reflect the Commission’s efforts to respond to investors’ demand for more…<br />
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<a href="https://www.sec.gov/news/press-release/2024-31">Read the Full Press Release</a>
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Have a securities law question? Call <a href="http://www.securitieslawyer.us">New York Securities Lawyers</a> at 212-509-6544.</p>
Mark Astaritahttp://www.blogger.com/profile/02948946256912309626noreply@blogger.comtag:blogger.com,1999:blog-803150.post-58174808570669754462024-03-01T10:06:00.001-05:002024-03-01T10:06:12.054-05:00SEC Charges Advisory Firm HG Vora for Disclosure Failures Ahead of Ryder Acquisition BidThe Securities and Exchange Commission today announced settled charges against New York-based investment adviser HG Vora Capital Management LLC for its failure to make timely ownership disclosures in the lead-up to its May 2022 acquisition bid for…<br />
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<a href="https://www.sec.gov/news/press-release/2024-30">Read the Full Press Release</a>
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Have a securities law question? Call <a href="http://www.securitieslawyer.us">New York Securities Lawyers</a> at 212-509-6544.</p>
Mark Astaritahttp://www.blogger.com/profile/02948946256912309626noreply@blogger.comtag:blogger.com,1999:blog-803150.post-82744575181637000082024-02-29T16:25:00.001-05:002024-02-29T16:25:39.314-05:00SEC Charges Lordstown Motors with Misleading Investors about Company’s Flagship Electric VehicleThe Securities and Exchange Commission today charged Lordstown Motors Corp. with misleading investors about the sales prospects of Lordstown’s flagship electric pickup truck, the Endurance. Lordstown, which filed for bankruptcy in 2023, went public by…<br />
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<a href="https://www.sec.gov/news/press-release/2024-29">Read the Full Press Release</a>
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Have a securities law question? Call <a href="http://www.securitieslawyer.us">New York Securities Lawyers</a> at 212-509-6544.</p>
Mark Astaritahttp://www.blogger.com/profile/02948946256912309626noreply@blogger.comtag:blogger.com,1999:blog-803150.post-46209352543128222712024-02-29T10:45:00.001-05:002024-02-29T10:45:54.251-05:00SEC Investor Advisory Committee to Discuss Proposals to Improve Equity Market Structure and Examine the Use of Materiality as a Disclosure StandardThe Securities and Exchange Commission’s Investor Advisory Committee will hold a public meeting on March 7 at 10 a.m. ET at the SEC Headquarters in Washington, D.C. The meeting will also be webcast on the SEC website. The committee will host two panels…<br />
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<a href="https://www.sec.gov/news/press-release/2024-28">Read the Full Press Release</a>
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Have a securities law question? Call <a href="http://www.securitieslawyer.us">New York Securities Lawyers</a> at 212-509-6544.</p>
Mark Astaritahttp://www.blogger.com/profile/02948946256912309626noreply@blogger.comtag:blogger.com,1999:blog-803150.post-48837778825987493772024-02-28T11:30:00.001-05:002024-02-28T11:30:39.057-05:00SEC Announces Departure of William Birdthistle; Natasha Vij Greiner Named Director of the Division of Investment ManagementThe Securities and Exchange Commission today announced that William Birdthistle, the Director of the Division of Investment Management, will depart the agency, effective March 8, 2024. Natasha Vij Greiner, currently the Deputy Director of the Division of…<br />
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<a href="https://www.sec.gov/news/press-release/2024-27">Read the Full Press Release</a>
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Have a securities law question? Call <a href="http://www.securitieslawyer.us">New York Securities Lawyers</a> at 212-509-6544.</p>
Mark Astaritahttp://www.blogger.com/profile/02948946256912309626noreply@blogger.comtag:blogger.com,1999:blog-803150.post-53494551399355363122024-02-27T16:41:00.001-05:002024-02-27T16:41:01.015-05:00SEC Charges Former Alfi CEO Paul Pereira with Fraud for Making False Statements on Social MediaThe Securities and Exchange Commission today charged Paul A. Pereira, the former CEO and co-founder of Alfi, Inc., with making materially false and misleading statements on social media about the company’s financial and performance metrics in an attempt…<br />
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<a href="https://www.sec.gov/news/press-release/2024-26">Read the Full Press Release</a>
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Have a securities law question? Call <a href="http://www.securitieslawyer.us">New York Securities Lawyers</a> at 212-509-6544.</p>
Mark Astaritahttp://www.blogger.com/profile/02948946256912309626noreply@blogger.comtag:blogger.com,1999:blog-803150.post-34877701608708143502024-02-22T17:05:00.001-05:002024-02-22T17:05:49.661-05:00SEC Updates Ethics Rules Governing Securities Trading by Agency PersonnelThe Securities and Exchange Commission today adopted amendments to its ethics rules to strengthen and modernize its ethics compliance program. The amendments update the SEC’s existing, robust ethics requirements that govern the securities holdings and…<br />
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<a href="https://www.sec.gov/news/press-release/2024-25">Read the Full Press Release</a>
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Have a securities law question? Call <a href="http://www.securitieslawyer.us">New York Securities Lawyers</a> at 212-509-6544.</p>
Mark Astaritahttp://www.blogger.com/profile/02948946256912309626noreply@blogger.comtag:blogger.com,1999:blog-803150.post-68942297152146853792024-02-22T16:45:00.001-05:002024-02-22T16:45:28.457-05:00SEC Charges Husband of Energy Company Manager with Insider TradingThe Securities and Exchange Commission today charged Tyler Loudon of Houston, Texas, with insider trading ahead of a February 2023 announcement that London-based oil and gas company BP p.l.c. agreed to acquire TravelCenters of America Inc., a full-…<br />
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<a href="https://www.sec.gov/news/press-release/2024-24">Read the Full Press Release</a>
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Have a securities law question? Call <a href="http://www.securitieslawyer.us">New York Securities Lawyers</a> at 212-509-6544.</p>
Mark Astaritahttp://www.blogger.com/profile/02948946256912309626noreply@blogger.comtag:blogger.com,1999:blog-803150.post-44776517909327473592024-02-16T12:05:00.001-05:002024-02-16T12:05:47.092-05:00SEC Small Business Advisory Committee to Discuss the Accredited Investor Definition and the State of the IPO MarketThe Securities and Exchange Commission’s Small Business Capital Formation Advisory Committee today released the agenda for its meeting on Tuesday, Feb. 27, which will include a discussion of the accredited investor definition and initial public offerings…<br />
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<a href="https://www.sec.gov/news/press-release/2024-23">Read the Full Press Release</a>
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Have a securities law question? Call <a href="http://www.securitieslawyer.us">New York Securities Lawyers</a> at 212-509-6544.</p>
Mark Astaritahttp://www.blogger.com/profile/02948946256912309626noreply@blogger.comtag:blogger.com,1999:blog-803150.post-1567391102038832632024-02-16T11:06:00.001-05:002024-02-16T11:06:50.857-05:00SEC Charges TIAA Subsidiary for Failing to Act in the Best Interest of Retail CustomersThe Securities and Exchange Commission today announced that registered broker-dealer TIAA-CREF Individual & Institutional Services LLC (TC Services), a subsidiary of Teachers Insurance and Annuity Association of America (TIAA), will pay more than $2.…<br />
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<a href="https://www.sec.gov/news/press-release/2024-22">Read the Full Press Release</a>
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Have a securities law question? Call <a href="http://www.securitieslawyer.us">New York Securities Lawyers</a> at 212-509-6544.</p>
Mark Astaritahttp://www.blogger.com/profile/02948946256912309626noreply@blogger.comtag:blogger.com,1999:blog-803150.post-43519524100586347932024-02-16T10:15:00.001-05:002024-02-16T10:15:26.930-05:00SEC Publishes Annual Staff Report on Nationally Recognized Statistical Rating OrganizationsThe Securities and Exchange Commission’s Office of Credit Ratings published its annual Staff Report to Congress today on Nationally Recognized Statistical Rating Organizations (NRSROs), commonly known as credit rating agencies, to provide findings…<br />
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<a href="https://www.sec.gov/news/press-release/2024-21">Read the Full Press Release</a>
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Have a securities law question? Call <a href="http://www.securitieslawyer.us">New York Securities Lawyers</a> at 212-509-6544.</p>
Mark Astaritahttp://www.blogger.com/profile/02948946256912309626noreply@blogger.comtag:blogger.com,1999:blog-803150.post-55961198882573335172024-02-16T09:06:00.001-05:002024-02-16T09:06:02.130-05:00SEC Charges Van Eck Associates for Failing to Disclose Influencer’s Role in Connection with ETF LaunchThe Securities and Exchange Commission today announced that registered investment adviser Van Eck Associates Corporation has agreed to pay a $1.75 million civil penalty to settle charges that it failed to disclose a social media influencer’s role in the…<br />
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<a href="https://www.sec.gov/news/press-release/2024-20">Read the Full Press Release</a>
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Have a securities law question? Call <a href="http://www.securitieslawyer.us">New York Securities Lawyers</a> at 212-509-6544.</p>
Mark Astaritahttp://www.blogger.com/profile/02948946256912309626noreply@blogger.comtag:blogger.com,1999:blog-803150.post-41054577739898896882024-02-14T15:20:00.001-05:002024-02-14T15:20:42.965-05:00SEC Proposes Rule to Update Definition of Qualifying Venture Capital FundsThe Securities and Exchange Commission today proposed a rule that would update the dollar threshold for a fund to qualify as a “qualifying venture capital fund” for purposes of the Investment Company Act of 1940 (Act). The rule would update the dollar…<br />
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<a href="https://www.sec.gov/news/press-release/2024-19">Read the Full Press Release</a>
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Have a securities law question? Call <a href="http://www.securitieslawyer.us">New York Securities Lawyers</a> at 212-509-6544.</p>
Mark Astaritahttp://www.blogger.com/profile/02948946256912309626noreply@blogger.com