The Securities and Exchange Commission (SEC) has announced charges against Concord Management LLC, based in Tarrytown, New York, and its owner and principal, Michael Matlin. The charges stem from their operation as unregistered investment advisers, catering solely to a wealthy former Russian official known for his political ties to the Russian Federation. According to the [...]

The Securities and Exchange Commission (SEC) has announced the resolution of charges against CBRE, Inc. (CBRE), a commercial real estate services and investment firm based in Dallas and a subsidiary of the publicly traded CBRE Group, Inc. The charges stem from CBRE's use of an employee release that violated the SEC's whistleblower protection rule. According [...]

The Securities and Exchange Commission (SEC) has taken action against Lyft Inc. today, alleging that the company failed to disclose a board director's involvement in a shareholder's sale of approximately $424 million worth of private Lyft stock before the company's initial public offering (IPO). According to the SEC's findings, prior to Lyft's IPO in March [...]

The Securities and Exchange Commission today announced settled fraud charges against GlennCap LLC, a Connecticut-based investment advisory firm, and its owner, Jonathan Vincent Glenn, for allocating profitable securities trades to favored accounts, including GlennCap’s own accounts and client accounts that paid GlennCap a higher percentage of positive returns in fees, while allocating a disproportionate amount [...]

The Securities and Exchange Commission (SEC) has taken action against Stoner Cats 2 LLC (SC2), alleging that they conducted an unregistered offering of crypto asset securities in the form of purported non-fungible tokens (NFTs), raising approximately $8 million from investors to finance an animated web series called Stoner Cats. According to the SEC order, on [...]

The Securities and Exchange Commission (SEC) has taken action against NDB, Inc. ("NDB"), a private startup based in San Francisco, California, and its CEO, Nima Golsharifi, accusing them of defrauding investors through the dissemination of false and misleading information in a company press release. According to the SEC's complaint, NDB and Golsharifi raised over $1.2 [...]

On September 11, 2023, the Securities and Exchange Commission (SEC) filed a complaint in federal court in Minnesota, alleging fraudulent activities by Robyn A. Bowman and her company, Phoenix Asset Group, LLC, involving a deceptive offering. According to the SEC's complaint, Bowman and Phoenix raised a minimum of $2.7 million from approximately 20 investors. They [...]

James Anglim (CRD #: 3040791) was barred by the SEC, as reported in his most recent BrokerCheck disclosure accessed on September 5, 2023. Further details regarding the bar are provided below. SEC Bar: On August 15, 2023, the Securities and Exchange Commission (SEC) imposed a bar on James Anglim. The allegations leading to this bar [...]

The Securities and Exchange Commission (SEC) has announced that Fluor Corporation, based in Irving, Texas, will pay $14.5 million to settle charges related to improper accounting practices on two major fixed-price construction projects. Additionally, five former and current officers and employees of Fluor have agreed to settle related charges for their role in causing these [...]