Enforcement News: Naked Short Selling, Reg. SHO and Securities Fraud
- Jun 21 2023
By: Jeffrey M. Haber A “short sale” is the sale of a security that the seller does not own or any sale that is consummated by the delivery of a …
Category: Securities and Exchange Commission
Enforcement News: SEC Charges Investment Advisory Firm with Making Material Misstatements and Omissions in Connection with Its Automated Tax Loss Harvesting Service
- Apr 26 2023
By: Jeffrey M. Haber Taxes. Everyone hates paying them. As one might expect, taxpayers often look for any opportunity to minimize their tax obligation. When securities are involved, especially in …
Enforcement News: The Pressure To Meet Analysts’ Expectations
- Apr 3 2023
Market analysts study publicly traded companies and make recommendations on the securities of those companies.1 Most analysts specialize in a particular industry or sector of the economy.2 As noted by …
Enforcement News: Cannabis Company Charged with Perpetrating a Long-Running Scheme to Defraud
- Mar 20 2023
By: Jeffrey M. Haber “Legal cannabis is an emerging industry, which makes it prime hunting ground for financial predators who will use every trick in the book to lure investors …
Enforcement News: Unregistered Broker-Dealer Activity Relating to Pre-IPO Funds
- Mar 6 2023
By: Jeffrey M. Haber The Securities Exchange Act of 1934 (“Exchange Act”) governs the way in which the securities markets and its brokers and dealers operate. Under the Exchange Act, …
Enforcement News: SEC Charges Former NBA Star With Misleading Crypto Investors
- Feb 22 2023
By: Jeffrey M. Haber Celebrities often use their fame and likeness to promote goods and services. After all, it is a way to make extra money. Sometimes, when securities are …
Enforcement News: Video Game Company Agrees to Pay $35 Million To Settle Charges Concerning Whistleblower Protection Rule and Maintenance of Adequate Disclosure Controls
- Feb 6 2023
By: Jeffrey M. Haber We have often written about the SEC’s whistleblower program and, in particular, the success of the program with respect to detecting and preventing violations of the …
Enforcement News: SEC Charges Financial Services Professional and Associate with Perpetrating a Front-Running Scheme
- Dec 28 2022
By: Jeffrey M. Haber “Front-running” involves trading ahead of large, nonpublic orders of market participants to benefit from the market impact of those large orders. Large orders can have an …
Enforcement News: Penny Stocks and the Importance of Registering as a Broker
- Nov 21 2022
By: Jeffrey M. Haber As a general matter, a “broker” must register with the SEC in order to transact business on behalf of another person. It is, therefore, unlawful for …
Enforcement News: SEC Files Charges Against A Real Estate Development Firm for Perpetrating A $600 Million Ponzi-like Scheme
- Oct 24 2022
By: Jeffrey M. Haber Tasty Minstrel Games LLC (“TMG”) is a company, located in Utah, that produces board games.1 The best-known game released by TMG is Yokohama, a board game …
