Securities Law

SEC Adopts Rules to Enhance Investor Protections Relating to SPACs, Shell Companies, and Projections

January 24, 2024
SEC Adopts Rules to Enhance Investor Protections Relating to SPACs, Shell Companies, and Projections

The Securities and Exchange Commission today adopted new rules and amendments to enhance disclosures and provide additional investor protection in initial public offerings (IPOs) by special purpose acquisition companies (SPACs) and in subsequent business… Full report at: Read More

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J.P. Morgan to Pay $18 Million for Violating Whistleblower Protection Rule

January 16, 2024
J.P. Morgan to Pay $18 Million for Violating Whistleblower Protection Rule

The Securities and Exchange Commission today announced settled charges against J.P. Morgan Securities LLC (JPMS) for impeding hundreds of advisory clients and brokerage customers from reporting potential securities law violations to the SEC. JPMS agreed… Full report at: Read More

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SEC Charges Morgan Stanley and Former Executive Pawan Passi with Fraud in Block Trading Business

January 12, 2024
SEC Charges Morgan Stanley and Former Executive Pawan Passi with Fraud in Block Trading Business

The Securities and Exchange Commission today charged investment banking giant Morgan Stanley & Co. LLC and the former head of its equity syndicate desk, Pawan Passi, with a multi-year fraud involving the disclosure of confidential information about… Full report at: Read More

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SEC Charges Future FinTech CEO Shanchun Huang With Fraud and Disclosure Failures

January 11, 2024
SEC Charges Future FinTech CEO Shanchun Huang With Fraud and Disclosure Failures

The Securities and Exchange Commission today charged Shanchun Huang with manipulative trading in the stock of Future FinTech Group Inc., using an offshore account shortly before he became Future FinTech’s CEO in 2020. The SEC also charged Huang with… Full report at: Read More

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SEC Charges Global Software Company SAP for FCPA Violations

January 10, 2024
SEC Charges Global Software Company SAP for FCPA Violations

The Securities and Exchange Commission today announced charges against global software company SAP SE for violations of the Foreign Corrupt Practices Act (FCPA) arising out of bribery schemes in South Africa, Malawi, Kenya, Tanzania, Ghana, Indonesia,… Full report at: Read More

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SEC Appoints Stacey Bowers as Small Business Advocate

January 5, 2024
SEC Appoints Stacey Bowers as Small Business Advocate

The Securities and Exchange Commission today announced that University of Denver law professor Stacey Bowers has been named the new director of the SEC’s Office of the Advocate for Small Business Capital Formation (OASB). Ms. Bowers, a seasoned… Full report at: Read More

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SEC Charges Florida Real Estate Developer Rishi Kapoor with Perpetuating $93 Million Fraud Scheme and Obtains Emergency Relief

January 3, 2024
SEC Charges Florida Real Estate Developer Rishi Kapoor with Perpetuating $93 Million Fraud Scheme and Obtains Emergency Relief

The Securities and Exchange Commission today announced that it obtained an asset freeze and other emergency relief concerning an alleged $93 million real estate investment fraud perpetrated by Miami-based developer Rishi Kapoor. The SEC also charged… Full report at: Read More

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Mark Uyeda Sworn in for Second Term as SEC Commissioner

January 3, 2024
Mark Uyeda Sworn in for Second Term as SEC Commissioner

Securities and Exchange Commission Commissioner Mark T. Uyeda was sworn in for his second term as a Commissioner at the Securities and Exchange Commission on Dec. 28, 2023. Commissioner Uyeda began his first term as an SEC Commissioner on June 30, 2022,… Full report at: Read More

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Dean C. Metry Named Chief Administrative Law Judge at SEC

December 22, 2023
Dean C. Metry Named Chief Administrative Law Judge at SEC

The Securities and Exchange today announced that Dean C. Metry has been named the agency’s Chief Administrative Law Judge. Judge Metry will lead the SEC’s impartial Office of Administrative Law Judges that conducts hearings and issues initial… Full report at: Read More

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BarnBridge DAO Agrees to Stop Unregistered Offer and Sale of Structured Finance Crypto Product

December 22, 2023
BarnBridge DAO Agrees to Stop Unregistered Offer and Sale of Structured Finance Crypto Product

The Securities and Exchange Commission today announced that BarnBridge DAO, a purportedly decentralized autonomous organization, and its two founders, Tyler Ward and Troy Murray, will pay more than $1.7 million to settle charges that they failed to… Full report at: Read More

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