The Securities and Exchange Commission (SEC) has taken action against GTT Communications, Inc., alleging the company's failure to disclose crucial information regarding unsupported adjustments made in its Commission filings. These adjustments significantly inflated GTT's reported operating income by a minimum of 15 percent over three quarters spanning from 2019 through 2020. In a notable gesture, [...]

The Securities and Exchange Commission (SEC) has announced that American Infrastructure Funds LLC (AIM), a registered investment adviser based in Foster City, California, has reached a settlement in which it will pay over $1.6 million to resolve charges stemming from various violations. These violations include the acceleration of monitoring fees from portfolio companies, the transfer [...]

The Securities and Exchange Commission (SEC) has officially declared that it has resolved charges against Citadel Securities LLC, a broker-dealer, concerning a violation of a provision within Regulation SHO. Regulation SHO is a regulatory framework designed to combat abusive short selling practices. It mandates that broker-dealers must accurately classify sale orders as long, short, or [...]

The Securities and Exchange Commission (SEC) has made an official announcement regarding the resolved charges against Goldman Sachs & Co. LLC. These charges pertain to the firm's failure to provide complete and accurate securities trading data, commonly referred to as "blue sheet data," to the SEC. As part of the resolution, Goldman has agreed to [...]

The U.S. Securities and Exchange Commission (SEC) has made a significant announcement concerning Aras Investment Business Group S.A.P.I. de C.V., a Mexico-based company, its CEO Armando Gutierrez Rosas, and four individuals. The charges revolve around an elaborate fraud scheme that saw the fraudulent raising of at least $15 million from over 450 retail investors in [...]

MJ Capital Funding LLC board member Pavel Ruiz Hernandez has been sentenced to over nine years in prison for his involvement in a $190 million investment Ponzi scheme conducted through the Florida-based company. U.S. District Judge Rodney Smith issued a sentence of 110 months in prison, along with an additional three years of supervised release, [...]

The United States Securities and Exchange Commission (SEC) has taken legal action against Jonathan J. Ferrie, a resident of Connecticut and a former financial professional at the Cigna Group, for insider trading ahead of Cigna's quarterly earnings announcement in August 2021. Ferrie has opted to settle the charges, agreeing to various measures, including paying a [...]

The Securities and Exchange Commission (SEC) has recently brought charges against Wilson J. Rondini, III, a resident of Florida, and two companies under his control, Falcon Capital LLP and Falcon Capital Partners Limited. The allegations claim that all three entities operated as broker-dealers, which required them to register with the SEC, but they failed to [...]

The Securities and Exchange Commission (SEC) has made an announcement regarding a civil action filed on September 18, 2023, in the U.S. District Court for the Northern District of Texas. This action alleges that Rapid Therapeutic Science Laboratories, Inc. and its CEO, Donal R. Schmidt, Jr., were involved in fraudulent unregistered securities offerings that raised [...]