Securities Law

SEC Charges Former Indiana Congressman with Insider Trading

July 25, 2022

The Securities and Exchange Commission today filed insider trading charges against Stephen Buyer, a former U.S. Representative for Indiana’s 4th Congressional District. According to the SEC’s complaint, after leaving Congress in 2011, Buyer formed a… Full report at: Read More

Continue reading

SEC Charges Former Coinbase Manager, Two Others in Crypto Asset Insider Trading Action

July 21, 2022

The Securities and Exchange Commission today announced insider trading charges against a former Coinbase product manager, his brother, and his friend for perpetrating a scheme to trade ahead of multiple announcements regarding certain crypto assets that… Full report at: Read More

Continue reading

SEC Charges Tampa-Based Health Insurance Distributor and its Former CEO with Making False Statements to Investors

July 20, 2022

The Securities and Exchange Commission today announced charges against Health Insurance Innovations (HII) and its former CEO Gavin Southwell for concealing extensive consumer complaints about short-term and limited health insurance products HII offered.… Full report at: Read More

Continue reading

SEC Issues More than $17 Million Award to a Whistleblower

July 19, 2022

The Securities and Exchange Commission today announced an award of more than $17 million to a whistleblower who provided information and assistance in a covered action and related action. The whistleblower’s information prompted SEC staff to open a new… Full report at: Read More

Continue reading

Equitable Financial To Pay $50 Million Penalty To Settle SEC Charges That It Provided Misleading Account Statements to Investors

July 18, 2022

The Securities and Exchange Commission today announced fraud charges against Equitable Financial Life Insurance Company for providing account statements to about 1.4 million variable annuity investors that included materially misleading statements and… Full report at: Read More

Continue reading

Jaime Lizárraga Sworn In as SEC Commissioner

July 18, 2022

The Securities and Exchange Commission today announced that Jaime Lizárraga has been sworn into office as a Commissioner by Chair Gary Gensler. Commissioner Lizárraga was nominated by President Biden earlier this year and confirmed by the U.S. Senate on… Full report at: Read More

Continue reading

SEC Awards Whistleblowers More Than $6 Million

July 15, 2022

The Securities and Exchange Commission today announced awards totaling more than $6 million to two whistleblowers who provided critical information and assistance in two separate covered actions. In the first order, the SEC issued an award of more than… Full report at: Read More

Continue reading

SEC Proposes Amendments to Shareholder Proposal Rule

July 13, 2022

The Securities and Exchange Commission today proposed amendments to the rule that governs the process for including shareholder proposals in a company’s proxy statement. Under Rule 14a-8, companies generally must include shareholder proposals in their… Full report at: Read More

Continue reading

SEC Adopts Amendments to Proxy Rules Governing Proxy Voting Advice

July 13, 2022

The Securities and Exchange Commission today voted to adopt amendments to its rules governing proxy voting advice as proposed in November 2021. The final amendments aim to avoid burdens on proxy voting advice businesses that may impair the timeliness and… Full report at: Read More

Continue reading

SEC Charges Empires Consulting Corp. with Fake Trading Scheme

June 30, 2022

The Securities and Exchange Commission today announced fraud charges against Empires Consulting Corp. (EmpiresX), its founders Emerson Sousa Pires and Flavio Mendes Goncalves, and its head trader Joshua David Nicholas, for a scheme that allegedly raised… Full report at: Read More

Continue reading