Securities Law

SEC Charges Three Southern California Siblings with Insider Trading

September 27, 2023

The Securities and Exchange Commission today filed charges against siblings Marco A. Perez (aka Marc), Pedro Perez, Jr. (aka Peter), and Olivia P. Durbin for insider trading before the April 2021 announcement of an offer by storage company United Rentals… Full report at: Read More

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SEC Charges Corporate Insiders for Failing to Timely Report Transactions and Holdings

September 27, 2023

The Securities and Exchange Commission today announced charges against six officers, directors, and major shareholders of public companies for failing to timely report information about their holdings and transactions in company stock. Five publicly… Full report at: Read More

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SEC Charges Hydrogen Vehicle Co. Hyzon Motors and Two Former Executives for Misleading Investors

September 26, 2023

The Securities and Exchange Commission today announced settled fraud charges against Hyzon Motors Inc., an upstate New York-based company that builds hydrogen fuel cell electric vehicles (FCEVs), for misleading investors about its business relationships… Full report at: Read More

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SEC Charges California Advisory Firm AssetMark for Failing to Disclose Multiple Financial Conflicts

September 26, 2023

The Securities and Exchange Commission today announced that Concord, California-based registered investment adviser AssetMark Inc. has agreed to pay more than $18 million to settle charges related to undisclosed conflicts of interest involving a cash… Full report at: Read More

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New Report from the Small Business Forum Includes Recommendations to Improve Capital Raising

September 26, 2023

The Securities and Exchange Commission today released a report to Congress summarizing policy recommendations made during the 42nd Annual Government-Business Forum on Small Business Capital Formation. The report provides a summary of the forum… Full report at: Read More

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SEC Charges Advisory Firm Bruderman Asset Management and its Principal for Failing to Disclose Misuse of Investment Funds

September 26, 2023

The Securities and Exchange Commission today announced that New York-based Bruderman Asset Management LLC (BAM) and its principal, Matthew J. Bruderman, agreed to settle charges related to their failure to disclose the misuse of proceeds raised from… Full report at: Read More

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SEC Charges Cash Flow King Podcast Host with Perpetrating $11 Million Ponzi Scheme

September 25, 2023

The Securities and Exchange Commission today charged Matthew Motil, host of the podcast, “The Cash Flow King,” for fraudulently raising approximately $11 million from more than 50 investors in a Ponzi scheme involving notes that were purportedly backed… Full report at: Read More

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SEC Charges GTT Communications for Disclosure Failures

September 25, 2023

The Securities and Exchange Commission today charged GTT Communications, Inc. with failing to disclose material information about unsupported adjustments the company made in several Commission filings, which increased GTT’s reported operating income by… Full report at: Read More

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Deutsche Bank Subsidiary DWS to Pay $25 Million for Anti-Money Laundering Violations and Misstatements Regarding ESG Investments

September 25, 2023

The Securities and Exchange Commission today charged registered investment adviser DWS Investment Management Americas Inc. (DIMA or DWS), a subsidiary of Deutsche Bank AG, in two separate enforcement actions, one addressing its failure to develop a… Full report at: Read More

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SEC Charges Private Equity Fund Adviser American Infrastructure Funds for Breaching Its Duties

September 22, 2023

The Securities and Exchange Commission today announced that American Infrastructure Funds LLC (AIM), a Foster City, California-based registered investment adviser to private funds, agreed to pay more than $1.6 million to settle charges resulting from its… Full report at: Read More

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