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 [...]

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 [...]