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The Securities and Exchange Commission today charged Eagle Bancorp, Inc., based in Bethesda, Maryland, and its former Chief Executive Officer and Chairman of the Board, Ronald D. Paul, with negligently making false and misleading statements about related… Have a securities law question? Call New York Securities Lawyers at 212-509-6544. The Securities and Exchange Commission today announced awards of more than $16 million to two whistleblowers who provided information and assistance in a successful SEC enforcement action. The first whistleblower prompted the opening of the… Have a securities law question? Call New York Securities Lawyers at 212-509-6544. The Securities and Exchange Commission today charged Atlanta-based Angel Oak Capital Advisors, LLC and its portfolio manager Ashish Negandhi for misleading investors about the firm’s fix-and-flip loan securitization’s delinquency rates. Angel Oak and… Have a securities law question? Call New York Securities Lawyers at 212-509-6544. 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 settled charges against a convertible note dealer, Crown Bridge Partners, LLC, and its managing members, Soheil and Sepas Ahdoot of Great Neck, N.Y., for failing to register with the SEC as… 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’s Small Business Capital Formation Advisory Committee today released the agenda for its virtual meeting on Tuesday, Aug. 2, which will address liquidity challenges for investors in small and emerging businesses.… Have a securities law question? Call New York Securities Lawyers at 212-509-6544. The Securities and Exchange Commission today separately charged J.P. Morgan Securities LLC, UBS Financial Services Inc., and TradeStation Securities, Inc. for deficiencies in their programs to prevent customer identity theft, in violation of the SEC’s… Have a securities law question? Call New York Securities Lawyers at 212-509-6544. Yesterday we posted about the SEC insider trading case which is attempting to claim that crypto assets are securities and trading on material, non-public information regarding them violates the federal securities laws. SEC Files First Crypto Insider Trading Case, But the Trading Doesn’t Involve a Security Today we learned of a class action lawsuit filed against Solana Labs, a for-profit company working on the development of the Solana blockchain, in a California federal court last week accusing the company and people within the ecosystem of making illegal profits and promoting its token, SOL, as an unregistered security. The outcome of the lawsuit could have major implications for the future of the crypto industry, which has had to function for years under a cloud of uncertainty about whether its tokens should qualify as securities. If SOL is determined to be a security, it could open up many similar tokens available on prominent crypto exchanges such as Coinbase, Kraken, Binance, and others to similar scrutiny. Ultimately these platforms could be forced to de-list SOL and other major crypto tokens. For context, Coinbase and Kraken, along with many other platforms de-listed XRP in late 2020 when the SEC sued San Francisco-based Ripple for selling $1.3 billion of the asset to purchasers in what it called an unregistered security. The Securities and Exchange Commission today filed insider trading charges against nine individuals in connection with three separate alleged schemes that together yielded more than $6.8 million in ill-gotten gains. Those charged include a former chief… Have a securities law question? Call New York Securities Lawyers at 212-509-6544.
Tag Archives: securities lawyer
SEC Charges Eagle Bancorp and Former CEO with Failing to Disclose Related Party Loans
SEC Awards More Than $16 Million to Two Whistleblowers
SEC Charges Angel Oak Capital Advisors with Misleading Investors in $90 Million Fix-and-Flip Securitization
Jaime Lizárraga Sworn In as SEC Commissioner
SEC Charges Convertible Note Dealer and its Long Island-Based Owners for Failure to Register
SEC Charges Eleven Individuals in $300 Million Crypto Pyramid Scheme
SEC Small Business Advisory Committee to Discuss Liquidity Challenges for Investors in Small and Emerging Businesses
SEC Charges JPMorgan, UBS, and TradeStation for Deficiencies Relating to the Prevention of Customer Identity Theft
New Lawsuit Alleging That Solana Is A Security Could Have Big Implications For The Crypto Investment Landscape
From Forbes:
SEC Files Multiple Insider Trading Actions Originating from the Market Abuse Unit’s Analysis and Detection Center