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The Securities and Exchange Commission today announced that Jaime Lizárraga has been sworn into office as a Commissioner by Chair Gary Gensler. Commissioner Lizárraga was nominated by President Biden earlier this year and confirmed by the U.S. Senate on… Have a securities law question? Call New York Securities Lawyers at 212-509-6544. The Securities and Exchange Commission today announced an award of more than $17 million to a whistleblower who provided information and assistance in a covered action and related action. The whistleblower’s information prompted SEC staff to open a new… Have a securities law question? Call New York Securities Lawyers at 212-509-6544. The Securities and Exchange Commission today charged Surgalign Holdings, Inc., formerly RTI Surgical Holdings, Inc., and former executives Brian Hutchison and Robert Jordheim for masking disappointing sales numbers by shipping future orders ahead of… Have a securities law question? Call New York Securities Lawyers at 212-509-6544. The Securities and Exchange Commission today announced the appointment of Anthony (Tony) C. Thompson to a second term as a Board Member of the Public Company Accounting Oversight Board (PCAOB). Mr. Thompson joined the Board on January 3, 2022, filling a… Have a securities law question? Call New York Securities Lawyers at 212-509-6544. The Securities and Exchange Commission today charged 11 individuals for their roles in creating and promoting Forsage, a fraudulent crypto pyramid and Ponzi scheme that raised more than $300 million from millions of retail investors worldwide, including… Have a securities law question? Call New York Securities Lawyers at 212-509-6544. The Securities and Exchange Commission today announced charges against Health Insurance Innovations (HII) and its former CEO Gavin Southwell for concealing extensive consumer complaints about short-term and limited health insurance products HII offered.… Have a securities law question? Call New York Securities Lawyers at 212-509-6544. The Securities and Exchange Commission today released a report to Congress, which summarizes policy recommendations made during the 41st Annual Government-Business Forum on Small Business Capital Formation. The report provides a summary of the forum… Have a securities law question? Call New York Securities Lawyers at 212-509-6544. The Securities and Exchange Commission today filed insider trading charges against Stephen Buyer, a former U.S. Representative for Indiana’s 4th Congressional District. According to the SEC’s complaint, after leaving Congress in 2011, Buyer formed a… Have a securities law question? Call New York Securities Lawyers at 212-509-6544. The Securities and Exchange Commission today announced insider trading charges against a former Coinbase product manager, his brother, and his friend for perpetrating a scheme to trade ahead of multiple announcements regarding certain crypto assets that… Have a securities law question? Call New York Securities Lawyers at 212-509-6544. FINRA just released its 2022 Arbitration Statistics. New cases are down over last year, only 781 Customer cases, and 479 Industry cases filed so far this year. Interesting that there were 54 Regulation BI Cases filed, we expect to see that increase going forward. Breach of Fiduciary Duty and Negligence are the largest number of customer claims. And settlements are still the largest method of closing cases. So far in 2022 67% of the cases that are closed were settled between the parties, or by mediation. Only 14% resolved by arbitrators. https://www.finra.org/arbitration-mediation/dispute-resolution-statistics#arbitrationstats — Mark J. Astarita is a national securities attorney who has represented parties in over 600 securities arbitrations in 23 states. Have a question? Give him a call at 212-509-6544, or read his commentary at The Securities Law Home Page.
Tag Archives: securities law
Jaime Lizárraga Sworn In as SEC Commissioner
SEC Issues More than $17 Million Award to a Whistleblower
SEC Charges Surgical Implant Manufacturer Surgalign and Former Senior Executives with Accounting and Disclosure Fraud
SEC Appoints Anthony C. Thompson to Second Term on PCAOB
SEC Charges Eleven Individuals in $300 Million Crypto Pyramid Scheme
SEC Charges Tampa-Based Health Insurance Distributor and its Former CEO with Making False Statements to Investors
New Report from the Small Business Forum Includes Recommendations to Improve Capital Raising
SEC Charges Former Indiana Congressman with Insider Trading
SEC Charges Former Coinbase Manager, Two Others in Crypto Asset Insider Trading Action
FINRA Arbitration Stats Through June