Search Results for: Securities AND Exchange Commission (SEC)

The Securities and Exchange Commission (SEC) Monday charged three men for their roles “in orchestrating fraudulent manipulative securities trading schemes” which resulted in a $100 million valuation for a New Jersey deli and a $120 million valuation for a separate shell company. The SEC’s complaint states that Peter L. Coker Sr., Peter L. Coker Jr. and [...]

The Biden administration Friday published the “First-Ever Comprehensive Framework for Responsible Development of Digital Assets” in line with a March executive order obligating government agencies and sectoral regulators to conduct research on the effects of cryptocurrencies on consumer protection and the risks and benefits of deploying a Central Bank Digital Currency (CBDC). The framework encourages [...]

A New York federal judge Thursday denied summary judgement in a case filed by the US Securities and Exchange Commission (SEC) against AT&T, Inc. (AT&T) and company executives Christopher C. Womack, Kent D. Evans and Michael J. Black. Judge Paul A. Engelmeyer denied both parties’ motions for summary judgment and specifically found “overwhelming evidence, documentary [...]

The Security and Exchange Commission (SEC) Monday filed charges against former US congressman Stephen Buyer for insider trading. The SEC’s complaint states that when “Buyer left Congress in 2011 and set up a consulting company called the Steve Buyer Group,” in both 2018 and 2019 Buyer used material non-public information from two clients “to trade securities [...]

The US Court of Appeals for the District of Columbia Circuit Monday ruled the Securities and Exchange Commission (SEC) can keep its revised regulations on how stock market data is collected, consolidated, and disseminated. In 2020 the SEC introduced the new Market Data Infrastructure Rule. The rule “modernize the national market system for the collection, [...]

The US Securities and Exchange Commission (SEC) Friday announced its order in which Wells Fargo Advisors, the St. Louis-based broker-dealer, agreed to pay USD 7 million in order to settle anti-money laundering charges against it, along with a censure and a cease and desist order. The charges against Wells Fargo Advisors resulted from “failing to [...]

The US Court of Appeals for the Fifth Circuit Wednesday held that the Securities and Exchange Commission’s (SEC) in-house adjudication violated the petitioner hedge fund manager’s Seventh Amendment right to a jury trial. The court found that Congress unconstitutionally delegated too much power to the SEC and statutory removal of in-house judges used in the [...]

The US Supreme Court Monday granted both Jones v. Hendrix and Securities and Exchange Commission (SEC) v. Cochran certiorari based on their petitions. Both of these cases were added to the 2022-2023 docket. Jones v. Hendrix is an Eighth Circuit habeas corpus case about 28 US Code § 2255. Under § 2255, federal inmates can collaterally challenge [...]

The US Securities and Exchange Commission (SEC) Friday announced settled charges against NVIDIA Corporation (NVIDIA) for “inadequate disclosures concerning the impact of crypto mining on the company’s gaming business.” As a result of the SEC’s findings, “NVIDIA agreed to a cease-and-desist order and to pay a $5.5 million penalty.” Chief of the SEC Enforcement Divisions [...]

Abstract: Earlier, as part of Russia’s escalating aggression against Ukraine – an aggression that now includes armed attack on a nuclear power plant – President Vladimir Putin placed his nuclear forces on high alert. Correspondingly, the United States should now recalibrate how best to “play” the increasingly complex “games” of military nuclear strategy. Most worrisome, [...]