Regulation
SEC Charges Adviser With Fraudulently Operating Private Fund
Anthony Cottone allegedly raised nearly $3 million using false and misleading representations, and misappropriated funds.
Tag: SEC
Newsmakers
Ride-Hailing Apps Drove Him to Crime, Says SEC
A taxi medallion investor hurt by the success of Uber and Lyft allegedly committed fraud to boost his stock.
Regulation
Crypto Promoter Charged With Scamming Investors Out of Millions
The SEC alleges Ryan Ginster promised ‘astronomical’ returns of 8% per day.
Regulation
SEC Whistleblower Program Has Record Year in Fiscal 2021
The regulator gave $564 million to 108 tipsters, while distributing $521 million to harmed investors.
Regulation
SEC Adopts New Contested Election Rules
The amendments will provide proxy voters the same options as shareholders voting in person.
Regulation
Digital Token Registrations Shut Down by SEC
American CryptoFed allegedly filed misleading forms while trying to register Ducat and Locke as securities.
Regulation
SEC’s SPAC Scrutiny Leads to $38.8 Million Music Service Settlement
The regulator says it is ‘intently focused on SPAC merger transactions.’
Asset Allocation
Credit Suisse to Pay Nearly $500 Million to Settle Mozambican Bond Charges
The investment bank was charged with financial crimes involving kickbacks and bribes to government officials.
Regulation
Lure of Record Whistleblower Awards Leads to Frivolous Claims
The SEC bars two from its whistleblower program for filing hundreds of ‘abusive’ award applications.
Risk
Trader Is Accused of Speculative Trading That Bankrupted His Employer
Keith Wakefield allegedly lost $30 million from unauthorized risky bond trades, which forced IFS Securities to go out of business.
Former Goldman Compliance Analyst Charged With Insider Trading
The SEC alleges Jose Luis Casero Sanchez ‘abused his position of trust’ by using confidential information to make trades.
Regulation
SEC Wants Funds to Reveal More Proxy Voting Information
The regulator proposes disclosure rule changes regarding ‘say-on-pay’ votes and securities lending.
Wisconsin Adviser Charged With Defrauding Elderly, Ill Clients
The SEC alleges Michael Shillin betrayed more than 100 clients, with ‘devastating’ results
Regulation
SEC Reportedly Subpoenas PSERS Over Alleged Compensation, Gifts
The regulator is also seeking information on a financial misstatement from 2020 that triggered a contribution increase.
Risk
SEC Charges Purported ‘Green’ Mining Company With Fraud
Back to Green Mining and two of its executives are accused of stealing $2.7 million from investors.