Crypto assets are now a key focus for the Commission and a topic of interest to the public. While many have clamored for new regulations to govern the assets, that seems unlikely for at least the immediate future if not …
Crypto assets are now a key focus for the Commission and a topic of interest to the public. While many have clamored for new regulations to govern the assets, that seems unlikely for at least the immediate future if not …
The Commission continued to file new cases in a variety of areas. The areas addressed this week include; insider trading, offering fraud, financial fraud, and crypto actions. The agency also proposed a series of new rulers for funds and the …
This Week In Securities Litigation (Week of November 7, 2022) Read More »
Fraudsters typically craft a sales pitch for would be investors designed to entice them into turning over their money for a claimed investment that only later becomes known as a fraudulent scheme. Earlier this week, for example, the Commission filed …
Fraudulent schemes often key to inducing investors to place their trust in the fraudster. While it often seems simple to avoid the would be fraudster when standing back and reading court pleadings and other documents about a fraud, it clearly …
Last week the Commission filed new actions involving a boiler room operation, a cherry-picking scheme, insider trading, financial misstatements and market manipulation. In addition, the agency announced the settlement of a number of cases. Be careful, be safe this week …
This Week In Securities Litigation (Week of October 31, 2022) Read More »
Good internal controls and compliance programs are critical to every company. Internal controls facilitate the implementation of proper accounting standards and controls as well as the maintenance of appropriate records. Properly installed compliance programs aid avoiding errors that can turn …
There are probably few Commission actions centered on financial misstatements tied at least in part to a toy. There may be even fewer financial misstatement cases where the company announced a restatement tied in part to a toy. Yet this …
Mattel, Thomas the Tank Engine and Financial Misstatements Read More »
The Commission seems to be returning to its roots in the enforcement area. Last week the cases brough centered on offering frauds and the misappropriation of investor funds. Nevertheless, on the horizon no doubt is a large array of cases …
This Week In Securities Litigation (Week of October 24, 2022) Read More »
Offering fraud cases typically have some kind of “hook” – a product, pitch line, or something that is designed to entice investors to consider the investment. Eventually it is that pitch, perhaps with some follow-up, that convinces the investor to …
The Commission is undoubtedly still recovering from its incredible push to file enforcement actions at fiscal year-end – only one new enforcement case was filed last week. During the week Senate democrats apparently told Chair Gensler that reform in the …
This Week In Securities Litigation (Week of October 17, 2022) Read More »