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.
Regulation
Wells Fargo to Pay $3 Billion Settlement for ‘Gaming’ Investors
Payment includes $500 million civil penalty distributed to investors by SEC.
Boston Pension Fund Files Class Action Lawsuits Against Six Flags, HP
Electrical Workers Pension Fund claims investments in Six Flags and HP tumbled 44% and 30%, respectively.
Data Encryption Startup Settles SEC Charges for Unregistered ICO
Enigma MPC raised approximately $45 million from 6,000 investors.
Rhode Island Pension Alleges Zuckerberg Overpaid 2019 Settlement to Avoid Personal Consequences
State Treasury says Facebook overpaid Cambridge Analytica settlement by $2 billion to win extra concessions from the feds.
Hedge Fund Manager Gets Nearly 12 Years in Prison for Fraud
Nicholas Genovese pleads guilty to lying about credentials and hiding a criminal background.
NJ Pension Fund Trustee Sentenced for Embezzling over $360K
Founder and trustee of a vending machine company’s pension sentenced to two and a half years in federal prison.
Stanford University Owes $43 Million Endowment Tax Bill
The university said it is actively working to repeal or limit the 1.4% tax on returns.
Proposed UK Law Would Require Pensions to Report Climate Impact, a First Worldwide
However, trade association warns it would give the government ‘unprecedented new powers.’
Cryptocurrency Scam Allegedly Swindles Doctors Out of $33 Million
Michael Ackerman boasted his algorithm generated monthly profits of 15%.
UK Charity CEO Jailed for Five Years for Raiding Pension for Disabled
Regulator says fund was stolen from to buy homes in France and England.
Kentucky Lawmakers to Make Honorable Transfer into Depleted State Retirement System
Legislators convene to align their interests with that of their constituents under the state’s ailing pension system.
Cuts Proposed to Fed Retirement Intend to ‘Align with Private Sector’
Trump administration’s FY 2021 budget proposal includes mitigations to benefits paid out to beneficiaries, higher contributions.
Crypto Ponzi Scheme Took Millions from over 100 Investors
The alleged victims included former MLB players, their families, and senior citizens.
US Treasury Offers Schedule for 20-Year Bond Revival
Auctions will take place each year in February, May, August, and November.