What's Happening from Start-Up to Small Cap: SEC's Small Business Advocate to Host Capital Call Feb. 4

The Securities and Exchange Commission’s Office of the Advocate for Small Business Capital Formation will host its second annual Capital Call on Feb. 4, 2020, at 1 p.m. ET, where the office will talk about what’s happening with capital raising…

Source: SEC Press Releases, What’s Happening from Start-Up to Small Cap: SEC’s Small Business Advocate to Host Capital Call Feb. 4

SEC Charges Real Estate Fund Manager With Misappropriating Over $7 Million From Retail Investors

The Securities and Exchange Commission today charged fund manager Eric C. Malley and his company MG Capital Management L.P. with defrauding retail investors in two real estate funds managed by MG Capital.

According to the SEC’s complaint, beginning in…

Source: SEC Press Releases, SEC Charges Real Estate Fund Manager With Misappropriating Over Million From Retail Investors

Paul G. Cellupica, Division of Investment Management Deputy Director and Chief Counsel to Conclude Tenure at SEC

The Securities and Exchange Commission today announced that Paul G. Cellupica, Deputy Director and Chief Counsel of the Division of Investment Management, will depart the agency later this month.

Mr. Cellupica rejoined the division as Deputy Director in…

Source: SEC Press Releases, Paul G. Cellupica, Division of Investment Management Deputy Director and Chief Counsel to Conclude Tenure at SEC

SEC Charges Jewelry Wholesaler with Fraudulent Securities Offering Targeting Current and Retired Police Officers and Firefighters

The Securities and Exchange Commission today charged Gregory Altieri, of Melville, New York, for operating a fraudulent Ponzi-like scheme that defrauded current and retired police officers and firefighters, among others, and misappropriating investor…

Source: SEC Press Releases, SEC Charges Jewelry Wholesaler with Fraudulent Securities Offering Targeting Current and Retired Police Officers and Firefighters

SEC Issues Statement and Requests Comment Regarding the Custody of Digital Asset Securities by Special Purpose Broker-Dealers

The Securities and Exchange Commission today issued a statement and request for comment regarding the custody of digital asset securities by broker-dealers in order to encourage innovation around the application of Securities Exchange Act Rule 15c3-3 to…

Source: SEC Press Releases, SEC Issues Statement and Requests Comment Regarding the Custody of Digital Asset Securities by Special Purpose Broker-Dealers

SEC Charges Ripple and Two Executives with Conducting $1.3 Billion Unregistered Securities Offering

The Securities and Exchange Commission announced today that it has filed an action against Ripple Labs Inc. and two of its executives, who are also significant security holders, alleging that they raised over $1.3 billion through an unregistered,…

Source: SEC Press Releases, SEC Charges Ripple and Two Executives with Conducting .3 Billion Unregistered Securities Offering

SEC Issues Substituted Compliance Order for Germany and Notice of Substituted Compliance Application and Proposed Substituted Compliance Order for France

The Securities and Exchange Commission voted to take two actions to advance implementation of security-based swap regulation under Title VII of the Dodd-Frank Wall Street Reform and Consumer Protection Act.  First, the Commission is publishing a…

Source: SEC Press Releases, SEC Issues Substituted Compliance Order for Germany and Notice of Substituted Compliance Application and Proposed Substituted Compliance Order for France

SEC Charges Company and CEO for $119 Million Securities Fraud Targeting Members of the South Asian American Community

The Securities and Exchange Commission today announced that it filed an emergency action against California-based real estate development company SiliconSage Builders LLC, aka Silicon Sage Builders, and its sole owner, Sanjeev Acharya, in connection…

Source: SEC Press Releases, SEC Charges Company and CEO for 9 Million Securities Fraud Targeting Members of the South Asian American Community