SEC Charges Portfolio Manager and Advisory Firm with Misrepresenting Risk in Mutual Fund

The Securities and Exchange Commission today announced charges against a New York-based investment adviser for misleading investors about the management of risk in a mutual fund. Catalyst Capital Advisors LLC (CCA) and its President and Chief…

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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

SEC Office of Compliance Inspections and Examinations Publishes Observations on Cybersecurity and Resiliency Practices

The Securities and Exchange Commission Commission’s Office of Compliance Inspections and Examinations (OCIE) today issued examination observations related to cybersecurity and operational resiliency practices taken by market participants…

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from The Securities Law Home Page – SECLaw.com

SEC Publishes Annual Reports on Credit Rating Agencies

Two annual SEC staff reports released today highlight the important work of the Office of Credit Ratings in examining and monitoring nationally recognized statistical rating organizations (NRSROs). The reports indicate that the NRSROs made certain…

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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

SEC Charges Husband and Wife with Nearly $1 Billion Ponzi Scheme

The Securities and Exchange Commission today charged a California-based couple with orchestrating a nearly billion-dollar Ponzi scheme involving alternative energy tax credits. According to the SEC’s complaint, Jeffrey and Paulette Carpoff…

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from The Securities Law Home Page – SECLaw.com

SEC Announces Conference on Municipal Securities Disclosure

The Securities and Exchange Commission today announced that it will host a March 10 conference to focus on municipal securities, which are predominantly owned by Main Street investors and help finance important public projects like schools, roads and…

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from The Securities Law Home Page – SECLaw.com

Over $63 Million to Be Returned to Investors in Alleged Real Estate Investment Fraud

The Securities and Exchange Commission today announced that it has obtained a court order authorizing the distribution of over $63 million to investors in connection with a previously filed action.  This amount represents the full return of funds to…

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from The Securities Law Home Page – SECLaw.com

SEC Awards Whistleblowers Whose Information Helped Stop Fraud

The Securities and Exchange Commission today announced two whistleblower awards in connection with two separate enforcement actions.  Both whistleblowers provided significant information that helped the SEC shut down two separate fraudulent schemes…

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from The Securities Law Home Page – SECLaw.com

SEC Files Charges Against Scheme to Sell Fictitious Interests in Marijuana Company

The Securities and Exchange Commission today announced charges against Guy S. Griffithe and Robert W. Russell, and three companies they controlled, for an alleged scheme that defrauded investors who thought they were purchasing interests in a Washington-…

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from The Securities Law Home Page – SECLaw.com

SEC to Report on State of Small Business Capital Formation in the U.S.

The U.S. Securities and Exchange Commission’s Office of the Advocate for Small Business Capital Formation will report on its findings regarding the state of capital formation for small businesses and its latest recommendations to the Commission during a…

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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

SEC Charges Convicted Criminal Who Conducted Fraudulent ICO Using a Fake Identity

The Securities and Exchange Commission today charged convicted criminal Boaz Manor, his business associate, and two businesses, CG Blockchain Inc. and BCT Inc. SEZC, with raising over $30 million from hundreds of investors in a fraudulent initial coin…

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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