Company Halts ICO After SEC Raises Registration Concerns

A California-based company selling digital tokens to investors to raise capital for its blockchain-based food review service halted its initial coin offering (ICO) after being contacted by the Securities and Exchange Commission, and agreed to an order …

SEC Modifies Approach to Form N-PORT Filing Requirements

In recognition of the importance of sound data security practices and protocols for sensitive, non-public information, the Securities and Exchange Commission today modified its approach to the pending requirement for registered investment companies to …

Daniel Michael Named Chief of Enforcement Division’s Complex Financial Instruments Unit

The Securities and Exchange Commission today announced that Daniel Michael has been named chief of the Enforcement Division’s Complex Financial Instruments Unit.

In his new role, Mr. Michael will lead a specialized unit of attorneys and industry exper…

Daniel Michael Named Chief of Enforcement Division’s Complex Financial Instruments Unit

The Securities and Exchange Commission today announced that Daniel Michael has been named chief of the Enforcement Division’s Complex Financial Instruments Unit.

In his new role, Mr. Michael will lead a specialized unit of attorneys and industry exper…

Broker Charged With Defrauding Investors

The Securities and Exchange Commission charged a registered representative in Pennsylvania with operating a long-running offering and investment advisory fraud.

The SEC’s complaint, filed in federal court in Philadelphia, alleges that Paul W. Smith ra…

Broker Charged With Defrauding Investors

The Securities and Exchange Commission charged a registered representative in Pennsylvania with operating a long-running offering and investment advisory fraud.

The SEC’s complaint, filed in federal court in Philadelphia, alleges that Paul W. Smith ra…

SEC Continues Crackdown on Brokers Defrauding Customers

The Securities and Exchange Commission today continued its crackdown on brokers who defraud customers, charging two New York-based brokers with making unsuitable trades that were costly for customers and lucrative for the brokers.  The case follows sim…

Former Company Insider Earns More Than $4.1 Million for Whistleblower Tip

The Securities and Exchange Commission today announced an award of more than $4.1 million to a former company insider who alerted the agency to a widespread, multi-year securities law violation and continued to provide important information and assista…

Digital Display Advertising Firm, Executives Charged With Bilking Investors

The Securities and Exchange Commission today charged a Seattle-area outdoor digital signage advertising company and two of its senior executives with stealing more than $2 million from retail investors. 

According to the SEC’s complaint filed in U.S…

Audit Firm Charged With Fraud Relating to Auditing of Penny Stock Companies

A California-based audit firm is being charged with conducting flawed audits and reviews of financial statements, which are critical sources of information for investors. 

The SEC’s Enforcement Division alleges that Anton & Chia LLP and its accounta…

SEC Emergency Action Halts ICO Scam

The Securities and Exchange Commission today announced it obtained an emergency asset freeze to halt a fast-moving Initial Coin Offering (ICO) fraud that raised up to $15 million from thousands of investors since August by falsely promising a 13-fold p…

SEC Charges Florida Penny Stock Operators With Defrauding Elderly Investors in Push to Crack Down on Repeat Offenders

The Securities and Exchange Commission today charged two individuals with defrauding elderly investors in a penny stock scheme involving Florida entertainment companies and their “Spongebuddy” product.  The charges are part of the Miami Regional Office…