Regulation
Former CIO Charged With Overvaluing Funds by $1 Billion
Infinity Q Capital Management’s James Velissaris allegedly pocketed nearly $27 million in ill-gotten fees
Tag: SEC
Regulation
Cryptocurrency Exchange to Pay $100 Million in Fines Over Lending Platform
BlockFi settles charges that it misled investors about the level of risk involved in its interest-bearing accounts.
Regulation
SEC Proposes New Rules for Private Funds, Cybersecurity Risk Management
EisnerAmper’s Louis Bruno says private fund managers will need to adapt to meet the new standards.
Regulation
Regulators Accuse Investment Firm of Preying on Elderly
The SEC and CFTC allege an LA firm continues to target mostly elderly or retirement-aged victims as part of a precious metals scam.
Regulation
HeadSpin Avoids SEC Penalty Through Remediation
CEO Manish Lachwani allegedly falsely inflated the software firm’s revenue by $800 million.
Regulation
SEC Proposes Reporting Changes for Private Equity, Hedge Fund Advisers
The regulator says the amendments would improve systemic risk assessment and bolster oversight.
Regulation
SEC Awards More Than $40 Million to Whistleblowers
The regulator handed out some $37 million to two joint tipsters
Regulation
SEC Charges Adviser With Fraudulently Operating Private Fund
Anthony Cottone allegedly raised nearly $3 million using false and misleading representations, and misappropriated funds.
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.