In yet another case of fraud targeting senior investors, the Securities and Exchange Commission (SEC) has charged William Neil “Doc” Gallagher, a Texas-based man touting himself as “the Money Doctor,” in an emergency action to halt a sizeable Ponzi…
Affinity fraud occurs when a perpetrator takes advantage of religious or ethnic communities, language minorities, senior citizens, or other identifiable groups.
In a March 26, 2019 press release, the Securities and Exchange Commission (“SEC”) announced awards to two whistleblowers under the Dodd-Frank Act, one receiving $37 million and the other $13 million, whose critical information led to a successful enforcement action…
The Securities and Exchange Commission (“SEC”) recently released an investor bulletin to educate investors about trading suspensions…
Deloitte Touche Tohmatsu LLC, commonly referred to as Deloitte Japan, has agreed to pay $2 million in settlement charges to the Securities and Exchange Commission (“SEC”) for violating the SEC’s auditor independence rules. According to the SEC, Deloitte Japan…
Trouble regarding initial coin offerings (ICOs) and cryptocurrencies continues to occupy a significant place in our industry’s spotlight. In late February, the Securities and Exchange Commission’s enforcement branch charged Gladius Network LLC with conducting an unregistered initial coin offering…
On January 22, 2019, the Financial Industry Regulatory Authority (FINRA) released its Annual Risk Monitoring and Examinations Priorities Letter, which outlined its focus areas for broker-dealer examinations in 2019. While many of these areas are carried over from the…
The SEC’s Division of Enforcement continues its efforts to protect retail investors, gaining reparations for victimized investors in an action against yet another Ponzi scheme. At the end of January, the Securities and Exchange Commission (SEC) announced that the…
Cybersecurity and information security protocols have become industry-wide priorities, both to the regulatory bodies that oversee our business practices and to the customers who trust that firms’ policies and procedures are up-to-date and robust. This same principle extends also…
The statement that appears atop the Securities and Exchange Commission (“SEC”) website reads as follows: “The Securities and Exchange Commission is currently open, fully staffed and focused on our mission. With a short-term Continuing Resolution signed into place, all…