Securities Law

SEC Charges “Smart” Window Manufacturer, View Inc., with Failing to Disclose $28 Million Liability

July 3, 2023

The Securities and Exchange Commission today announced settled charges against a California-based manufacturer of “smart” windows, View Inc., for failing to disclose $28 million in projected warranty-related liabilities to address a particular defect in… Full report at: Read More

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SEC Charges Two Oregon Residents and Their Related Entities with $10 Million Ponzi-Like Scheme

June 30, 2023

The Securities and Exchange Commission today charged Oregon residents Robert D. Christensen and Anthony M. Matic, as well as several companies they controlled, with conducting a multi-year Ponzi-like scheme and misleading investors who purchased more… Full report at: Read More

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SEC Charges Stockbroker and Friend with Insider Trading

June 29, 2023

The Securities and Exchange Commission today announced insider trading charges against Jordan Meadow, a registered representative for a New York-based broker-dealer, and Steven Teixeira, the Chief Compliance Officer of an international payment processing… Full report at: Read More

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SEC Charges Former DWAC Board Member and Others for Insider Trading in DWAC Securities

June 29, 2023

The Securities and Exchange Commission today filed insider trading charges against Bruce Garelick, a former board member of Digital World Acquisition Corporation (DWAC), a special purpose acquisition company (SPAC); Michael Shvartsman and his firm Rocket… Full report at: Read More

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SEC Charges Former MusclePharm Executives with Accounting and Disclosure Fraud

June 27, 2023

The Securities and Exchange Commission today filed a settled complaint charging Las Vegas-based nutritional supplement company MusclePharm Corp.’s former Executive Vice President of Sales and Operations, Brian H. Casutto, former Vice President of Sales,… Full report at: Read More

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SEC Charges Florida Resident for Operating $112 Million Ponzi Scheme that Targeted Haitian-American Community

June 26, 2023

The Securities and Exchange Commission today announced charges against Broward County, Florida resident Sanjay Singh and his trucking and logistics company, Royal Bengal Logistics Inc., with fraudulently raising approximately $112 million from as many as… Full report at: Read More

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SEC Charges Convicted Fraudster in Real Estate Ponzi Scheme

June 23, 2023

The Securities and Exchange Commission today charged Wilson Baston with defrauding numerous investors in a Ponzi scheme, in which he raised millions of dollars through dozens of transactions purportedly to fund real estate investments, but frequently… Full report at: Read More

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SEC Charges Investment Fund Founder William K. Ichioka with $25 Million Offering Fraud

June 22, 2023

The Securities and Exchange Commission today charged William K. Ichioka, of New York, New York, with fraudulently raising $25 million from individual investors primarily in California and Oregon by making false claims about his investing success and… Full report at: Read More

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SEC Investor Advisory Committee to Discuss Private Funds and Outbound Investments to Countries of Concern, Digital Engagement Practices, and Audit Committee Workloads at June 22nd Meeting

June 21, 2023

The Securities and Exchange Commission’s Investor Advisory Committee will hold a virtual public meeting on June 22 at 10:00 a.m. ET. The meeting will be webcast on the SEC website. The committee will host three panels to discuss: Private… Full report at: Read More

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SEC Charges Audit Firm Marcum LLP for Widespread Quality Control Deficiencies

June 21, 2023

The Securities and Exchange Commission today charged audit firm Marcum LLP with systemic quality control failures and violations of audit standards in connection with audit work for hundreds of special purpose acquisition company (SPAC) clients beginning… Full report at: Read More

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