The Securities and Exchange Commission today announced charges against six officers, directors, and major shareholders of public companies for failing to timely report information about their holdings and transactions in company stock. Five publicly… Read the Full Press Release Have a securities law question? Call New York Securities Lawyers at 212-509-6544.
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SEC Charges Hydrogen Vehicle Co. Hyzon Motors and Two Former Executives for Misleading Investors
The Securities and Exchange Commission today announced settled fraud charges against Hyzon Motors Inc., an upstate New York-based company that builds hydrogen fuel cell electric vehicles (FCEVs), for misleading investors about its business relationships… Read the Full Press Release Have a securities law question? Call New York Securities Lawyers at […]
SEC Charges California Advisory Firm AssetMark for Failing to Disclose Multiple Financial Conflicts
The Securities and Exchange Commission today announced that Concord, California-based registered investment adviser AssetMark Inc. has agreed to pay more than $18 million to settle charges related to undisclosed conflicts of interest involving a cash… Read the Full Press Release Have a securities law question? Call New York Securities Lawyers […]
New Report from the Small Business Forum Includes Recommendations to Improve Capital Raising
The Securities and Exchange Commission today released a report to Congress summarizing policy recommendations made during the 42nd Annual Government-Business Forum on Small Business Capital Formation. The report provides a summary of the forum… Read the Full Press Release Have a securities law question? Call New York Securities Lawyers at […]
SEC Charges Mexico-based Company and CEO in $15 Million Ponzi Scheme Targeting Spanish-Speaking U.S. Investors
Sept. 21, 2023 — The SEC has taken action against Aras Investment Business Group S.A.P.I. de C.V., a Mexico-based company, along with its CEO Armando Gutierrez Rosas and four other individuals. These charges stem from their involvement in a fraudulent scheme that siphoned over $15 million from more than 450 […]
SEC Charges Fluor Corp. for Accounting Improprieties
The Securities and Exchange Commission today announced that Irving, Texas-based Fluor Corporation will pay $14.5 million to settle charges stemming from the company’s improper accounting on two large-scale, fixed-price construction projects. Five former… Read the Full Press Release Have a securities law question? Call New York Securities Lawyers at 212-509-6544.
ETF Manager Settles SEC Charges of Fraudulent Conduct
The SEC has taken action against an ETF Manager, alleging misconduct in the management of an exchange-traded fund (ETF). This scheme involved misleading the ETF’s trustees and securing a whopping $20 million in rescue financing to avert potential bankruptcy. As a result, Masucci and his entities have agreed to a substantial settlement of $4.4 million.
SEC Charges Former New Jersey Corrections Officer with Crypto Fraud Scheme Targeting Law Enforcement Personnel
The Securities and Exchange Commission today charged former New Jersey State Correctional Police Officer John A. DeSalvo with fraudulently raising funds through the unregistered offering of the Blazar Token, a crypto asset security he created but that… Read the Full Press Release Have a securities law question? Call New York […]
SEC Charges Former Attorney at U.S.-Based Global Law Firm with Insider Trading
The Securities and Exchange Commission today announced insider trading charges against Romero Cabral da Costa Neto for trading based on material, nonpublic information concerning a client of the global law firm where he worked as a visiting attorney from… Read the Full Press Release Have a securities law question? Call […]
Wells Fargo Settles with SEC for Charging Excessive Advisory Fees
The Securities and Exchange Commission today charged Wells Fargo Clearing Services LLC and Wells Fargo Advisors Financial Network LLC (collectively, Wells Fargo) for overcharging more than 10,900 investment advisory accounts more than $26.8 million in… Read the Full Press Release Have a securities law question? Call New York Securities Lawyers […]
