Securities Law

SEC Seeks Candidates for Small Business Capital Formation Advisory Committee

January 20, 2023

The Securities and Exchange Commission is seeking candidates for appointment to the Small Business Capital Formation Advisory Committee to provide advice and recommendations on Commission rules, regulations, and policy matters relating to small… Full report at: Read More

Continue reading

Nexo Agrees to Pay $45 Million in Penalties and Cease Unregistered Offering of Crypto Asset Lending Product

January 19, 2023

The Securities and Exchange Commission today charged Nexo Capital Inc. with failing to register the offer and sale of its retail crypto asset lending product, the Earn Interest Product (EIP). To settle the SEC’s charges, Nexo agreed to pay a $22.5… Full report at: Read More

Continue reading

SEC Awards Approximately $18 Million to Three Whistleblowers

January 19, 2023

The Securities and Exchange Commission today announced three awards totaling approximately $18 million to three whistleblowers whose information and assistance led to a successful enforcement action. The first whistleblower provided the SEC with… Full report at: Read More

Continue reading

SEC Announces Departure of Renee Jones; Erik Gerding Named Director of Division of Corporation Finance

January 17, 2023

The Securities and Exchange Commission today announced that Renee Jones, Director of the Division of Corporation Finance, will depart the agency to return to her faculty position at Boston College Law School, effective Feb. 3, 2023. Erik Gerding,… Full report at: Read More

Continue reading

SEC Charges Former BlackRock Portfolio Manager with Undisclosed Conflict of Interest

January 5, 2023

The Securities and Exchange Commission today charged Randy Robertson, a former BlackRock Advisors, LLC portfolio manager, for failing to disclose a conflict of interest arising from his relationship with a film distribution company in which the fund he… Full report at: Read More

Continue reading

SEC Charges Creator of CoinDeal Crypto Scheme and Seven Others in Connection with $45 Million Fraud

January 4, 2023

The Securities and Exchange Commission today charged Neil Chandran, Garry Davidson, Michael Glaspie, Amy Mossel, Linda Knott, AEO Publishing Inc, Banner Co-Op, Inc, and BannersGo, LLC for their involvement in a fraudulent investment scheme named CoinDeal… Full report at: Read More

Continue reading

SEC Charges Former SPAC CFO for Orchestrating $5 Million Fraud Scheme

January 3, 2023

The Securities and Exchange Commission today announced fraud charges against Cooper J. Morgenthau, the former CFO of African Gold Acquisition Corp., a SPAC or special purpose acquisition company, for orchestrating a scheme in which he stole more than $5… Full report at: Read More

Continue reading

Antonia Apps Named Director of New York Regional Office

December 27, 2022

The Securities and Exchange Commission today announced that former federal prosecutor Antonia M. Apps will become Regional Director of the New York Regional Office next month. Thomas Smith and Maurya Keating, who have served as Acting Co-Directors,… Full report at: Read More

Continue reading

SEC Approves the 2023 Public Company Accounting Oversight Board Budget and Accounting Support Fee

December 23, 2022

The Securities and Exchange Commission today voted to approve the 2023 budget of the Public Company Accounting Oversight Board (PCAOB) and the related annual accounting support fee. “The PCAOB plays a critical role to ensure that investors can trust a… Full report at: Read More

Continue reading

SEC Announces Departure of Dan Berkovitz; Megan Barbero Named General Counsel

December 22, 2022

The Securities and Exchange Commission today announced that General Counsel Dan Berkovitz will depart the agency, effective Jan. 31, 2023. Megan Barbero, currently SEC Principal Deputy General Counsel, will be appointed General Counsel, effective upon Mr… Full report at: Read More

Continue reading