SEC Charges Creator of Global Crypto Ponzi Scheme and Three US Promoters in Connection with $295 Million Fraud

The Securities and Exchange Commission today announced charges against Douver Torres Braga, Joff Paradise, Keleionalani Akana Taylor, and Jonathan Tetreault for their roles in Trade Coin Club, a fraudulent crypto Ponzi scheme that raised more than 82,000…

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Keith E. Cassidy and Natasha Vij Greiner Appointed Deputy Directors of Division of Examinations


Keith E. Cassidy and Natasha Vij Greiner Appointed Deputy Directors of Division of Examinations
The Securities and Exchange Commission today named Keith E. Cassidy and Natasha Vij Greiner as Deputy Directors of the Division of Examinations. “Our examinations function plays an essential role as the eyes and ears on the ground for the Commission,”…

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Have a securities law question? Call New York Securities Lawyers at 212-509-6544.
#seclaw

Keith E. Cassidy and Natasha Vij Greiner Appointed Deputy Directors of Division of Examinations

The Securities and Exchange Commission today named Keith E. Cassidy and Natasha Vij Greiner as Deputy Directors of the Division of Examinations. “Our examinations function plays an essential role as the eyes and ears on the ground for the Commission,”…

Read the Full Press Release


Have a securities law question? Call New York Securities Lawyers at 212-509-6544.

SEC Announces Departure of Chief of Staff Prashant Yerramalli and Appointment of Amanda Fischer to the Role


SEC Announces Departure of Chief of Staff Prashant Yerramalli and Appointment of Amanda Fischer to the Role
The Securities and Exchange Commission today announced that Chief of Staff Prashant Yerramalli will leave the agency, effective Dec. 31, 2022. Amanda Fischer, currently Senior Counselor to Chair Gary Gensler, will be appointed Chief of Staff, effective…

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Have a securities law question? Call New York Securities Lawyers at 212-509-6544.
#securitieslawyer

SEC Announces Departure of Chief of Staff Prashant Yerramalli and Appointment of Amanda Fischer to the Role

The Securities and Exchange Commission today announced that Chief of Staff Prashant Yerramalli will leave the agency, effective Dec. 31, 2022. Amanda Fischer, currently Senior Counselor to Chair Gary Gensler, will be appointed Chief of Staff, effective…

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Have a securities law question? Call New York Securities Lawyers at 212-509-6544.

Why is the Powerball so Large?


Why is the Powerball so Large?
I will admit, a billion dollar prize got my attention, and my friends and I have been buying tickets.
But why is the big prize so big? CNN has a theory – its the FED!
It actually makes sense. Keep in mind that no one takes the annuity payout; everyone wants the cash.
But it is that annuity payout that everyone focuses on. So why is it so big? 1.9 BILLION dollars is a lot of money…if you wait for it.CNN explains:
$1.9 billion top prize is the amount winners would get, which involves taking 30 equal payments of about $63 million spread out over the next 29 years. Those payments come from an annuity purchased by the lottery sponsors, and the payments factor in an average rate of return.

Interest rates are up, annuity rates are up, lottery payouts are up.
Ok, we get it. But no thanks like every other lottery winner I’ll take my prize in cash.
https://www.cnn.com/2022/11/05/investing/powerball-record-prize-fed-interest-rates-ctrp/index.html?Type=Store&bt_ee=7qsilqhTznC9Nu9UHtDP0x4A1wUpi0ir9ukA%2FPk1G0Xav6yHZUmN7hz2n%2B62ItPI&bt_ts=1667858784450
#securitieslawyer
https://seclaw.blogspot.com/2022/11/why-is-powerball-so-large.html

Why is the Powerball so Large?

I will admit, a billion dollar prize got my attention,  and my friends and I have been buying tickets. 

But why is the big prize so big? CNN has a theory – its the FED!
It actually makes sense. Keep in mind that no one takes the annuity payout; everyone wants the cash.
But it is that annuity payout that everyone focuses on. So why is it so big? 1.9 BILLION  dollars is a lot of money…if you wait for it.
CNN explains:
$1.9 billion top prize is the amount winners would get, which involves taking 30 equal payments of about $63 million spread out over the next 29 years. Those payments come from an annuity purchased by the lottery sponsors, and the payments factor in an average rate of return.
Interest rates are up, annuity rates are up, lottery payouts are up.
Ok, we get it. But no thanks  like every other lottery winner I’ll take my prize in cash.
https://www.cnn.com/2022/11/05/investing/powerball-record-prize-fed-interest-rates-ctrp/index.html?Type=Store&bt_ee=7qsilqhTznC9Nu9UHtDP0x4A1wUpi0ir9ukA%2FPk1G0Xav6yHZUmN7hz2n%2B62ItPI&bt_ts=1667858784450

SEC Publishes FY22-26 Strategic Plan


SEC Publishes FY22-26 Strategic Plan
The Securities and Exchange Commission today released its Strategic Plan for fiscal years 2022 to 2026, outlining agency objectives to fight against fraud, maintain a robust and relevant regulatory framework, and sustain a skilled and diverse workforce…

Read the Full Press Release
Have a securities law question? Call New York Securities Lawyers at 212-509-6544.
#finralawyer

SEC Publishes FY22-26 Strategic Plan

The Securities and Exchange Commission today released its Strategic Plan for fiscal years 2022 to 2026, outlining agency objectives to fight against fraud, maintain a robust and relevant regulatory framework, and sustain a skilled and diverse workforce…

Read the Full Press Release


Have a securities law question? Call New York Securities Lawyers at 212-509-6544.