Tag: Securities and Exchange Commission
Opinion: A Fundamental Right Denied
As US citizens today, we sometimes may be guilty of taking our rights for granted, assuming that many of these rights are fundamental by...
SEC Charges Darius Karpavicius with $4 Million Fraud
The Securities and Exchange Commission charged Darius Karpavicius, of Lithuania, with orchestrating an offering fraud that raised more than $4 million from approximately 64...
SEC Charges Self-Proclaimed California Entrepreneur with Fraud
The Securities and Exchange Commission charged John David Gessin and two of his businesses, Equifunds Inc. and Ice Fleet LLC, with defrauding investors and...
SEC Obtains Judgement Against Perpetrator of Multi-Million Dollar Securities Fraud
The United States District Court for the District of Massachusetts entered a final judgment against Joshua Dax Cabrera ordering him to pay approximately $1.1...
SEC Charges Former Girardi Adviser with Running Ponzi Scheme
The Securities and Exchange Commission charged Stephen Keith Woodard Sr. with running a Ponzi scheme in which he offered and sold securities to more...
Former Merrill Lynch Advisors Charged with Defrauding Investors of $5 Million
The Securities and Exchange Commission today charged New York-area twin brothers, Adam Kaplan and Daniel Kaplan, for engaging in several different fraudulent activities to...
SEC Charges Advisor for Defrauding Nearly a Dozen Clients
The Securities and Exchange Commission has charged an investment adviser with defrauding investors and other advisory clients out of nearly half a million dollars.
The...
Stockbroker Uses Invesco as Cover for Fraud
The Securities and Exchange Commission today announced the filing of a civil injunctive action against Bradley Morgan Holts of Beaumont, Texas, for the misappropriation...
Regulatory Perspective: The Path Ahead for Alts in 2023
Following downturns in the stock and bond markets, financial professionals and Main Street investors are turning to alternative investments to further diversify in a...
Ozy Media and CEO Charged with Securities Fraud
The Securities and Exchange Commission charged media and entertainment company Ozy Media Inc., its chief executive officer Carlos R. Watson Jr., its former chief...
Mormon Church Settles SEC Charges for $5 Million
The Church of Jesus Christ of Latter-Day Saints and its investment manager, Ensign Peak Advisors Inc., has agreed to pay a $5 million fine...
NBA Hall of Famer Fined by the SEC for Misleading Crypto...
The Securities and Exchange Commission announced charges against National Basketball Association Hall of Famer Paul Pierce for endorsing EMAX tokens, crypto asset securities offered...
SEC Proposes Significant Change to Adviser Custody Rule
The Securities and Exchange Commission voted 4-1 yesterday to propose rule changes that it says would enhance protections of customer assets managed by registered...
House Hearing Debates Changes to the SEC’s Definition of Accredited Investor
A U.S. House of Representatives hearing last week highlighted current policy on whether the definition of “accredited investor” should be amended further, focusing on...
SEC Charges Former Investment Advisor with $200 Million Fraud
The Securities and Exchange Commission charged Joshua W. Coleman, a resident of North Wales, Pennsylvania and former investment adviser, with perpetrating a fraudulent scheme...
Convicted Ponzi Architect to Pay $24 Million to Settle SEC Charges
The Securities and Exchange Commission announced the resolution of its fraud action against Eric J. Dalius and the business he owned, Saivian LLC.
Dalius and...
SEC 2023 Exam Priorities Include Marketing Rule, Reg BI and Private...
The Securities and Exchange Commission’s division of examinations announced its 2023 examination priorities.
“In a time of growing markets, evolving technologies, and new forms of...
SEC Settles Charges with Centaurus Financial for “Unsuitable Recommendations”
The Securities and Exchange Commission announced that broker-dealer and investment adviser Centaurus Financial Inc., branch manager Ricky A. Mantei, and registered representative Atul Makharia...
SEC Bars Former Advisor for Fraud
The Securities and Exchange Commission has barred Steven E. Larson from the securities industry after alleged fraudulent activity.
From Dec. 19, 2016, until February 12,...
Unregistered Investment Advisor Uses KPMG as Cover for Fraud Scheme
The Securities and Exchange Commission announced that it filed an emergency action, and obtained an asset freeze, against unregistered investment advisers Jack C. Ridall...
