The Securities and Exchange Commission’s Investor Advisory Committee will hold a public meeting on March 11 by remote means. The meeting will begin at 10:00 a.m. ET, is open to the public via live webcast, and will be archived on the… Read the Full Press Release Have a securities law question? Call Sallah […]
Tag: Securities Law
Securiteis Fraud Charges in 45 Million Fraudulent Scheme
The Securities and Exchange Commission today charged seven individuals and a technology company in connection with a fraudulent scheme to gain control of Airborne Wireless Network, promote its stock, and defraud investors. According to the SEC’s complaint, Kalistratos “Kelly” Kabilafkas secretly purchased essentially all the outstanding stock of the shell […]
Alibaba’s Results Cast Aside Jack Ma’s Omission From List Of Entrepreneurs
Alibaba’s Results Cast Aside Jack Ma’s Omission From List Of Entrepreneurs The notable news overnight was the release of the Shanghai Securities News commentary celebrating top entrepreneurs that highlighted Tencent’s founder Pony Ma but out Jack Ma. We know that Jack is in the regulator’s doghouse so this may not […]
SEC Awards Over $500,000 to Two Whistleblowers
The Securities and Exchange Commission today announced an award of over $500,000 to two whistleblowers whose tips revealed an ongoing fraud and resulted in multiple SEC actions and a related action from another government agency. Both… Read the Full Press Release Have a securities law question? Call Sallah Astarita & […]
U.S. EB-5 Investor Immigration Needs Renewal And Overhaul
U.S. EB-5 Investor Immigration Needs Renewal And Overhaul America’s EB-5 investor immigration program is now before Congress and needs to be renewed before June 30th. President Biden’s Citizenship Act of 2021 has proposed changes to it to deal with backlogs and other concenrs. EB-5 could also be a tool to […]
SEC Awards More Than $9.2 Million to Whistleblower for Successful Related Actions, Including Agreement With DOJ
The Securities and Exchange Commission today announced an award of more than $9.2 million to a whistleblower who provided information that led to successful related actions by the U.S. Department of Justice, one of which was a non-prosecution agreement (… Read the Full Press Release Have a securities law question? […]
Chamath Palihapitiya’s Clover Health Discloses New SEC Investigation And Responds To Short-Seller’s Scathing Allegations
Chamath Palihapitiya’s Clover Health Discloses New SEC Investigation And Responds To Short-Seller’s Scathing Allegations The notice of investigation comes one day after a short-seller alleged Clover misled investors about its business. #securitieslawyer #securitieslaw https://www.forbes.com/sites/jonathanponciano/2021/02/05/chamath-palihapitiyas-clover-health-discloses-new-sec-investigation-and-responds-to-short-sellers-scathing-allegations/
SEC Suspends Trading in Multiple Issuers Based on Social Media and Trading Activity
As part of its continuing effort to respond to potential attempts to exploit investors during the recent market volatility, the Securities and Exchange Commission today suspended trading in the securities of 15 companies because of questionable trading… Read the Full Press Release Have a securities law question? Call Sallah Astarita […]
Fee Rate Advisory #3 for Fiscal Year 2021
Pursuant to Section 31(j)(2) of the Securities Exchange Act of 1934, the Commission has determined that a mid-year adjustment to the Section 31 fee rate for fiscal year 2021 is not required. These adjustments do not directly affect the amount of funding… Read the Full Press Release Have a securities […]
HK Property Investor Goodwin Gaw Spies World Of Bargains On The Horizon
HK Property Investor Goodwin Gaw Spies World Of Bargains On The Horizon After a tough year at his property-focused private equity firm, Gaw Capital, Goodwin Gaw is keeping his powder dry for deals in the year ahead. #securitieslaw #seclaw #securitiesattorney https://www.forbes.com/sites/jenniferwells/2021/02/24/hk-property-investor-goodwin-gaw-spies-world-of-bargains-on-the-horizon/
