Industry Update

  • OCIE Issues Risk Alert Regarding Investment Advisers and Cash Solicitation Rule Compliance Issues

Litigation

  • SEC Halts ICO, Suspends Nevada Corporation’s Securities Trading for False Claims of SEC Approval
  • SEC Sues Controlling Member of Private Equity and Investment Adviser Firms for Alleged Sales of “Essentially Worthless” Asset-Backed Securities, Enters Into Consent Judgment
  • Former Executive Sentenced to 18 Months in Prison for Defrauding Investors
  • SEC Settles with Former Investment Adviser and Former CEO for Due Diligence Failures and Inadequately Resourced Compliance Program

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