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Lodging Fund REIT Receives Wells Notice

Lodging Fund REIT III Inc., a publicly registered non-traded real estate investment trust, disclosed that the Securities and Exchange Commission issued a Wells notice...

SEC Bars Former Ameriprise Financial Investment Advisor

The Securities and Exchange Commission has barred Arthur S. Hoffman, a former investment adviser representative of Ameriprise Financial Services.Hoffman began his career at Morgan...

SEC Charges Former Advisor with Misappropriation of Client Funds

The Securities and Exchange Commission has charged David Sheldon Wells, a former representative of an SEC-registered broker-dealer and investment advisory firm, Fifth Third Securities...

SEC Fines Morgan Stanley $35 Million for Mishandling of Customer Data

The Securities and Exchange Commission announced charges against Morgan Stanley Smith Barney LLC stemming from the firm’s “extensive failures,” over a five-year period, to...

SEC Charges Real Estate Investment Firm with $100 Million Fraud

The Securities and Exchange Commission charged Secured Income Group, Inc., its owner and president, Max McDermott, and its investor relations representative, Stacey Porter, with...

Former LPL Broker Pleads Guilty to Fraud and Witness Tampering

James Kenneth Couture, a registered investment adviser and former LPL broker accused of stealing nearly $3 million from six clients, has pled guilty to...

SEC Bars Bellatorum CEO Facing 20 Years in Federal Prison for...

The Securities and Exchange Commission has barred Christopher R. Bentley, the majority owner, president, and chief executive officer of Bellatorum Resources LLC, which acted...

SEC Charges Hudson Advisors and Lone Star Global Over Fund Fees

The Securities and Exchange Commission has charged two registered investment advisers, Hudson Advisors L.P. and Lone Star Global Acquisitions Ltd., for including Hudson’s owner’s...

SEC Begins Administrative Proceedings Against Broker Serving 7.5 Years in Federal...

The Securities and Exchange Commission has instituted public administrative proceedings against Leon Vaccarelli, a former broker and investment adviser who is currently serving 7.5...

SEC Charges Advisory Firm and Executives with $75 Million Fraud

The Securities and Exchange Commission has charged two North Carolina-based executives, Gregory E. Lindberg and Christopher Herwig, and their registered investment adviser, Standard Advisory...

SEC Amends Whistleblower Rules to Incentivize Tips

The Securities and Exchange Commission has amended the rules governing its whistleblower program, which was established in 2010 under the Dodd-Frank Act.The first rule...

SEC Sues Fund Manager and Investment Adviser for $30 Million Mineral...

The Securities and Exchange Commission has charged Christopher Bentley and his company, Bellatorum Resources LLC, for engaging in alleged "fraudulent acts" that resulted in...

SEC Charges Broker-Dealer and Two Senior Executives over Unauthorized Securities Transactions

The Securities and Exchange Commission has charged broker-dealer Alpine Securities Corporation, its former chief executive officer Christopher Doubek, and its current chief operations officer...

Opinion: SEC & Regulatory Overreach – Nondelegation Doctrine

By: PubliusIn my first piece that I wrote, almost one year ago, I opened with a quote from Warren Buffett: “If a cop follows...

Equitable Financial to Pay $50 Million to Settle SEC’s Fraud Charges

The Securities and Exchange Commission has charged Equitable Financial Life Insurance Company with fraud after the company allegedly provided account statements to roughly 1.4...

Jaime Lizárraga Sworn in as SEC Commissioner

The Securities and Exchange Commission reported that Jaime Lizárraga has been sworn into office as a commissioner by Chair Gary Gensler. His term expires...

SEC Obtains Judgment Against Attorney Charged with Multi-Million Dollar Offering Fraud

The United States District Court for the Eastern District of New York has entered a final judgment against Shimon Rosenfeld, a Brooklyn-based attorney who...

SEC Charges Former LPL Broker with Stealing $1.7 Million from Retail...

The Securities and Exchange Commission has charged Eric Hollifield of Winder, Georgia, with misappropriating at least $1.7 million from two advisory clients and one...

Mark Uyeda Sworn in as SEC Commissioner

Mark Uyeda was sworn in as an SEC commissioner on Thursday after being nominated by President Biden earlier this year and confirmed by the...

CFP Board Suspends Broker Accused of Violating Reg BI with Improper...

The Certified Financial Planner Board of Standards Inc. has imposed an interim suspension against Patrick Egan, a certified financial planner and broker at Western...