Category: Securities and Exchange Commission

The Securities and Exchange Commission (SEC) is an independent federal agency responsible for regulating the securities industry and protecting investors in the United States. Its primary role involves enforcing federal securities laws to maintain fair and efficient markets, ensuring that investors have access to accurate and timely information about publicly traded companies. The SEC oversees the registration of securities offerings, monitors insider trading, and investigates violations of securities laws. By promoting transparency and integrity in the financial markets, the SEC aims to foster investor confidence and support the overall stability of the U.S. economy.

SEC-PR-2024-186

SEC-PR-2024-186 (11-22-24) (SEC-PR-2411) SEC Announces Enforcement Results for Fiscal Year 2024 – Commission saw market participants respond to its efforts to promote culture of proactive compliance. Excerpt:  Washington D.C., Nov. 22, 2024 — The Securities and Exchange Commission today announced that it filed 583 total enforcement actions in fiscal year 2024 while obtaining orders for $8.2 […]

SEC-PR-2024-185

SEC-PR-2024-185 (11-22-24) (SEC-PR-2411) SEC Charges Three Broker-Dealers with Filing Deficient Suspicious Activity Reports – Firms receive credit for cooperating with SEC’s investigations Excerpt: Washington D.C., Nov. 22, 2024 — The Securities and Exchange Commission today announced that broker-dealers Webull Financial LLC, Lightspeed Financial Services Group LLC, and Paulson Investment Company, LLC have agreed to settle charges […]

SEC-PR-2024-184

SEC-PR-2024-184 (11-22-24) (SEC-PR-2411) UPS to Pay $45 Million Penalty for Improperly Valuing Business Unit Excerpt: Washington D.C., Nov. 22, 2024 — The Securities and Exchange Commission today announced settled charges against United Parcel Service Inc. for materially misrepresenting its earnings because it failed to follow generally accepted accounting principles (GAAP) in valuing one of its […]

FCPA Violations – Article

FCPA Violations – Article ( Articles ) FCPA Violations (FCPAV) Understanding the Implications and Consequences The Foreign Corrupt Practices Act (FCPA) is a crucial piece of legislation in the United States that aims to combat corruption and bribery in international business transactions. Violations of the FCPA can lead to severe penalties for companies and individuals involved. This article explores […]

SEC-PR-2024-183

SEC-PR-2024-183 (11-21-24) SEC Charges Advisory Firm La Mancha and its Owner David Kushner with Fraud – Defendants, who purported to make business loans, including to professional athletes, allegedly stole investor funds to pay for personal expenses Excerpt: Washington D.C., Nov. 21, 2024 — The Securities and Exchange Commission today charged David Kushner, a resident of […]

SEC-PR-2024-181

SEC-PR-2024-181 (11-20-24) SEC Charges Three Senior Executives in Two Actions Alleging Massive Bribery Scheme Involving Indian Energy Companies Adani Green and Azure Power – Adani Green’s note offering raised $175 million from U.S. investors while bribery scheme was in progress Excerpt: Washington D.C., Nov. 20, 2024 — The Securities and Exchange Commission today charged Gautam […]

SEC-LR-26172

SEC-LR-26172 (11-19-24) Robert Brian Thompson (SEC) Litigation Release No. 26172 / November 19, 2024 SEC v. Robert Brian Thompson, No. 3:24-cv-00800-MHL (E.D. Va., filed Nov. 8, 2024) SEC Charges Richmond Federal Reserve Banking Supervisor with Insider Trading Excerpt: On November 8, 2024, the Securities and Exchange Commission filed insider trading charges against Robert Brian Thompson, […]

SEC-LR-26171

SEC-LR-26171 (11-19-24) Frank Igwealor et al. (SEC) Litigation Release No. 26171 / November 19, 2024 SEC v. Frank Igwealor, Patience Ogbozor, Alpharidge Capital LLC, American Community Capital LP, GiveMePower, Inc., Kid Castle Educational Corporation, Los Angeles Community Capital, and Video River Networks, Inc., No. 2:24-cv-09941 (C.D Cal. filed Nov. 18, 2024) SEC Charges CEO with […]

SEC-PR-2024-180

SEC-PR-2024-180 (11-18-24) SEC Charges BIT Mining with FCPA Violations in Connection with Bribery Scheme to Influence Members of Japanese Parliament – Company, formerly known as 500.com, sought to open casino in Japan Excerpt: Washington D.C., Nov. 18, 2024 — The Securities and Exchange Commission today announced that BIT Mining Ltd., formerly known as 500.com Limited, […]