Securities Law

SEC Charges Caroline Ellison and Gary Wang with Defrauding Investors in Crypto Asset Trading Platform FTX

December 22, 2022

The Securities and Exchange Commission today charged Caroline Ellison, the former CEO of Alameda Research, and Zixiao (Gary) Wang, the former Chief Technology Officer of FTX Trading Ltd. (FTX), for their roles in a multiyear scheme to defraud equity… Full report at: Read More

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Sarah ten Siethoff Named Deputy Director of the Division of Investment Management

December 21, 2022

The Securities and Exchange Commission announced today that Sarah ten Siethoff has been named Deputy Director of the Division of Investment Management. In addition to serving as Deputy Director, Ms. ten Siethoff will continue serving as the Associate… Full report at: Read More

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SEC Charges Former CEO of Biotech Company CytoDyn with Fraud, Insider Trading

December 20, 2022

The Securities and Exchange Commission today charged Nader Pourhassan, the former CEO of CytoDyn Inc., with fraud and insider trading in connection with providing misleading information to shareholders about the progress of a clinical research treatment… Full report at: Read More

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SEC Awards More Than $37 Million to Whistleblower

December 19, 2022

The Securities and Exchange Commission today announced an award of more than $37 million to a whistleblower whose information led to a successful SEC enforcement action and a related action. The whistleblower was the initial source of the company’s… Full report at: Read More

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SEC Charges Honeywell with Bribery Schemes in Algeria and Brazil

December 19, 2022

The Securities and Exchange Commission today announced charges against Honeywell International Inc. for violations of the Foreign Corrupt Practices Act (FCPA) arising out of bribery schemes that took place in Brazil and Algeria. The company has agreed to… Full report at: Read More

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SEC Small Business Advocacy Office Releases Annual Report on Capital Raising

December 16, 2022

The Securities and Exchange Commission’s Office of the Advocate for Small Business Capital Formation issued its 2022 Annual Report  to Congress and the Commission. The report details how entrepreneurs and investors are building companies together,… Full report at: Read More

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SEC Charges Financial Services Professional and Associate in $47 Million Front-Running Scheme

December 14, 2022

The Securities and Exchange Commission today announced fraud charges against Lawrence Billimek, an employee of a major asset management firm with securities portfolios worth billions of dollars, and Alan Williams, who previously worked at several… Full report at: Read More

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SEC Proposes Rule to Enhance Competition for Individual Investor Order Execution

December 14, 2022

The Securities and Exchange Commission today proposed a rule that would require certain orders of individual investors to be exposed to competition in fair and open auctions before such orders could be executed internally by any trading center that… Full report at: Read More

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SEC Proposes Rules to Amend Minimum Pricing Increments and Access Fee Caps and to Enhance the Transparency of Better Priced Orders

December 14, 2022

The Securities and Exchange Commission today proposed to amend certain rules under Regulation NMS to adopt variable minimum pricing increments, or “tick sizes,” for the quoting and trading of NMS stocks, reduce access fee caps for protected quotations,… Full report at: Read More

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SEC Proposes Amendments to Enhance Disclosure of Order Execution Information

December 14, 2022

The Securities and Exchange Commission today proposed amendments that would update the disclosure required under Rule 605 of Regulation NMS for order executions in national market system stocks, which are stocks listed on a national securities exchange.… Full report at: Read More

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