SEC Obtains Asset Freeze to Halt Alleged Offering Fraud

The Securities and Exchange Commission today announced that it has obtained a temporary restraining order and asset freeze against a California solar panel company and three executives who allegedly defrauded more than 100 investors. According to…

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from The Securities Law Home Page – SECLaw.com

Former Congressman and Two Others Settle Insider Trading Charges

The Securities and Exchange Commission announced today settlements with former U.S. Rep. Christopher Collins, his son Cameron Collins, and Stephen Zarsky, all of whom were charged with insider trading and pleaded guilty to related criminal charges. The…

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from The Securities Law Home Page – SECLaw.com

Jefferies to Pay Nearly $4 Million for Improper Handling of ADRs

The Securities and Exchange Commission today announced that broker-dealer Jefferies LLC will pay nearly $4 million to settle charges of improper handling of “pre-released” American Depositary Receipts (ADRs).   ADRs are U.S. securities that…

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from The Securities Law Home Page – SECLaw.com

SEC Obtains Touting and Fraud Judgment Against Colorado Cannabis Stock

A Colorado stock promoter and two of his companies agreed to pay $4.2 million to settle the U.S. Securities and Exchange Commission’s charges for fraudulently promoting and trading a cannabis stock. On Dec. 5, 2019, the U.S. District…

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from The Securities Law Home Page – SECLaw.com

SEC Charges Multinational Telecommunications Company With FCPA Violations

The Securities and Exchange Commission today announced that Sweden-based Telefonaktiebolaget LM Ericsson was charged with engaging in a large-scale bribery scheme involving the use of sham consultants to secretly funnel money to government officials in…

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from The Securities Law Home Page – SECLaw.com

SEC Charges Trucking Executives With Accounting Fraud

The Securities and Exchange Commission today charged two former top executives of Indiana-based trucking company Celadon Group Inc. for their participation in an accounting fraud that inflated the company’s income and earnings per share.…

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from The Securities Law Home Page – SECLaw.com

SEC Releases Report on 38th Annual Small Business Forum

The Securities and Exchange Commission today released a report on the 38th Annual Government-Business Forum on Small Business Capital Formation.  The Forum is a unique event attended by SEC Commissioners and staff in which members of the public and…

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from The Securities Law Home Page – SECLaw.com

SEC Charges Iconix Brand Group and Former Top Executives With Accounting Fraud

The Securities and Exchange Commission today charged brand-management company Iconix Brand Group Inc. and three of its former top executives with fraud. Iconix and two of its former executives have agreed to settle. The SEC’s litigation is…

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from The Securities Law Home Page – SECLaw.com

SEC Issues Agenda for Dec. 11 Meeting of Small Business Capital Formation Advisory Committee

The Securities and Exchange Commission today released the agenda for a Dec. 11 telephonic meeting of its Small Business Capital Formation Advisory Committee. The committee provides the Commission with advice and recommendations on Commission rules,…

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from The Securities Law Home Page – SECLaw.com

SEC Names Paul Munter as Deputy Chief Accountant

The Securities and Exchange Commission today announced the appointment of Paul Munter as a Deputy Chief Accountant (International) in the agency’s Office of the Chief Accountant. As Deputy Chief Accountant, Mr. Munter will lead the office’s…

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

from The Securities Law Home Page – SECLaw.com