firms or individuals while reducing the offering proceeds for a company by artificially depressing the market price shortly before the company prices the stock. The SEC’s investigations targeted 19 firms…
This leads to a key consideration: every company’s cyber security posture should be considered when making investment decisions. For example, a company selling information technology that is less prone to…
this one. The SEC’s complaint filed in U.S. District Court for the Northern District of Georgia alleged that, since as early as 2004, the defendants Lawler and Freedom Foundation offered…
a fund board would be permitted to impose a liquidity fee of up to 2% on redemptions and to suspend redemptions (impose a “gate”) for up to 10 business days. …
fund manager employee compensation. However, the SEC staff has further to go before providing guidelines to the industry on the broker dealer registration issues posed by deal fees that private…
Commissioner identified that when lawyers do provide bad advice, or effectively serve to assist fraud, their involvement is used as a shield against liability, both for themselves and for others. …
sold physical metals, including gold, silver, platinum, palladium, and copper, to retail customers on a financed basis and forwarded customer funds to Hunter Wise, whose identity was not disclosed to…
pool that would be considered CPOs agree to be jointly and severally liable with the registered CPO for violations of the Commodity Exchange Act or the CFTC‘s regulations by the…
commissions. He paid approximately $1.9 million to others as referral fees and kept the remaining $16.4 million for himself. For the two companies for which Sarafraz raised money, this could…
Company. John W. Femenia was employed by a major investment bank from which he obtained the information about the impending acquisition. Femenia told his friend Walter D. Wagner the nonpublic…
Investment Fund Law Blog