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.
Tag: Securities and Exchange Commission
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
SEC’s SPAC Scrutiny Leads to $38.8 Million Music Service Settlement
The regulator says it is ‘intently focused on SPAC merger transactions.’
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.
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.
Asset Allocation
Former HeadSpin CEO Arrested in Alleged $80 Million Fraud
Manish Lachwani is accused of grossly overstating sales figures when courting investors.