Enforcement News: The Custody Rule
- Aug 6 2025
By: Jeffrey M. Haber The Custody Rule provides that “it is a fraudulent, deceptive, or manipulative act, practice or course of business within the meaning of section 206(4) of the …
Posts Tagged ‘ SEC ’
Enforcement News: With Friends Like These …
- Apr 4 2022
By: Jeffrey M. Haber The Securities and Exchange Commission (“SEC”) has frequently brought enforcement actions against those who trade upon material, non-public information. Many of these actions show that insider trading …
Enforcement News: SEC Charges Consultant with Operating a Long-Running Ponzi-Like Scheme That Raised At Least $75 Million from Hundreds of Investors
- Jan 20 2020
Ponzi schemes remain a familiar and unfortunate risk for investors. Because Ponzi schemes purport to offer high returns with little or no risk, and rely on inflated credentials of a …
Enforcement News: SEC Charges Investment Adviser and Attorney With Defrauding Retired NFL Players Who Were Members Of The Concussion Class-Action Lawsuit Against The NFL
- Sep 6 2019
On August 29, 2018, the Securities and Exchange Commission (”SEC”) announced (here) that it charged a Tallahassee-based investment advisory firm and its two former principals with defrauding investors, most of …
Enforcement News: Facebook’s Tough Week – Over $5 Billion Paid to Settle Claims Brought by The SEC and FTC
- Jul 29 2019
Last week was a rough one for Facebook, Inc. (FB-NASDAQ). On July 24, 2019, the social network giant, agreed to pay a $100 million fine to the Securities and Exchange …
Enforcement News: SEC Settles Enforcement Actions that Underscore the Importance of a Robust Regulatory Disclosure Scheme
- Jul 17 2019
The disclosure of material information is the foundation of the Securities and Exchange Commission’s (“SEC”) mission. For this reason, the SEC considers itself to be “a disclosure agency.” See “The …
SEC, NASAA, and FINRA Recognize One-Year Anniversary of The Senior Safe Act by Promoting Increased Reporting of Suspected Financial Exploitation of Seniors and Vulnerable Adults
- Jun 3 2019
It has been a little over one year since President Trump signed into law the Senior Safe Act of 2018 (“Act”) (here). Enacted as part of the Economic Growth, Regulatory …
SEC Enforcement News: With Friends Like These …
- May 13 2019
On May 7, 2019, the Securities and Exchange Commission (“SEC” or “Commission”) announced (here) that it had settled an insider trading action against Brian Fettner (“Fettner”), a Nevada resident who …
Enforcement News: SEC Charges Ticket Seller With Fraud In Connection With Resale of Tickets to Broadway Shows and a Sporting Event
- May 6 2019
On April 29, 2019, the Securities and Exchange Commission (“SEC”) announced (here) that it filed charges against a New York City man for continuing a previously charged ticket resale scheme, …
Enforcement News: SEC Files Action Against a Trucking Company for an Accounting Fraud That Allowed the Company to Mispresent its Financial Condition
- Apr 29 2019
On April 25, 2019, the Securities and Exchange Commission (“SEC”) announced (here) that it had charged Indianapolis-based Celadon Group Inc. (“Celadon”), a truckload freight transportation provider, with an accounting fraud …
