Coronavirus - COVID-19
SEC Relaxes Reporting Regulations Due to Coronavirus
Investment advisers, funds, and public companies are granted 45-day extensions for certain reports.
Tag: SEC
Regulation
Jury Finds Connecticut Investment Firm Defrauded its Clients
Westport Capital and owner Christopher McClure bilked clients with hidden fees to enrich themselves.
Regulation
SEC Stops Allegedly Fraudulent Hedge Fund Offering that Raised $39 Million
Manager is accused of misleading investors and using funds to buy luxury apartments.
Regulation
What’s in a Name? Possibly Too Much, or Not Enough
SEC says today’s Names Rules may not be effective in stopping the implementation of misleading fund names.
Regulation
SEC Lets Steven Seagal Know He’s Not Above the Law
Actor and ‘Zen master’ agrees to pay more than $300,000 to settle charges he unlawfully touted an ICO.
Corporate Moves
Wells Fargo to Pay $3 Billion Settlement for ‘Gaming’ Investors
Payment includes $500 million civil penalty distributed to investors by SEC.
Regulation
Data Encryption Startup Settles SEC Charges for Unregistered ICO
Enigma MPC raised approximately $45 million from 6,000 investors.
Asset Allocation
Cryptocurrency Scam Allegedly Swindles Doctors Out of $33 Million
Michael Ackerman boasted his algorithm generated monthly profits of 15%.
Regulation
Mennonite Accountant Charged in $60 Million Ponzi Scheme
Philip Riehl allegedly scammed fellow Mennonites and Amish for nearly a decade.
Regulation
SEC Charges Two for Allegedly Selling Fake Interests in Marijuana Firm
Alleged fraudsters used ill-gotten gains to buy luxury cars and a yacht.
Regulation
SEC Charges Convicted Criminal Over Fraudulent Coin Offering
Alleged perp in crypto-currency scam, Boaz Manor, said to dye his hair, grow a beard to hide identity.
Regulation
Investment Advisors, Fintech Innovations Top SEC’s Priorities for 2020
Commission will also pay close attention to market infrastructure, seniors saving for retirement, and information securities.
Regulation
MetLife to Pay SEC $10 Million Fine Over Pension Accounting Violations
Firm assumed annuitants were dead or unreachable if they didn’t respond to two mailings.
Regulation
CFO Pleads Guilty for Role in $1 Billion Ponzi Scheme
Funds were ‘pilfered’ to purchase luxury vehicles, real estate, and to pay earlier investors.
Regulation
SEC Charges CEO with Fraudulent Initial Coin Offering
Tech firm allegedly raked in $42 million by defrauding hundreds of investors.