The company violated the Securities Exchange Act of 1934 regarding the provision of information to investors. Securities and Exchange Commission (SEC) announced that a settlement had been reached…
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SEC Imposes $3 Million in Charges Against 7 Companies for Whistleblower Violations
Companies agree to remediate charges of impeding whistleblower communications. The Securities and Exchange Commission (SEC) announced that seven companies have agreed to pay a collective $3 million to…
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Esmark and Founder Settle SEC Charges Over False U.S. Steel Tender Offer
SEC fines Esmark Inc. and James Bouchard for announcing a $7.8 billion tender offer for U.S. Steel without having the financial means to complete the deal. The Securities…
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Administration Strike Force on Unfair Pricing Holds Public Meeting
FTC and DOJ partner in discussions on enforcement actions to reduce prices for Americans. The Federal Trade Commission and the Department of Justice held and co-hosted an inaugural…
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SEC Launches Campaign to Promote Investor Protection
The educational initiative is meant to help investors avoid scams. The Securities and Exchange Commission’s Office of Investor Education and Advocacy has launched a public awareness campaign called…
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Senate Committee Finds SEC and CFTC Oversight of AI Lacking
Their report calls for new standards to mitigate potential harms from machine learning in trading. The Senate Homeland Security and Governmental Affairs Committee (HSGAC) recently released a report…
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Supreme Court Agrees to Nvidia Class Action Appeal
The company calls allegations of misleading revenue statements “speculative litigation.” The Supreme Court agreed to hear an appeal filed by Nvidia, which claimed that a revived class action…
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SEC Warns Crypto Broker of Possible Infractions
Brokerage companies claim cryptocurrency is not a security. The Securities and Exchange Commission (SEC) sent a “Wells notice” to Robinhood, a retailer securities broker. The document warned of…
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Biotech CEO Sentenced for Obstructing Investigation of Fake COVID-19 Tests
Keith Berman defrauded medical device investors and lied to the FDA. The CEO of a fraudulent California biotechnology company was sentenced to seven years of prison on Friday…
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SEC Pauses Climate Disclosure Investment Rule
The rule is currently the subject of lawsuits brought by state attorneys general. The Securities and Exchange Commission (SEC) announced that it will pause the implementation of its…
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