The Securities and Exchange Commission has recently brought forward allegations against William V. Conn, Jr., who is a certified public accountant hailing from Sandy Springs, Georgia. These charges stem from his involvement in a Ponzi scheme orchestrated by John Woods. Woods utilized an investment vehicle he established and controlled, known as Horizon Private Equity, III, [...]

The Securities and Exchange Commission has officially disclosed the resolution of cease-and-desist proceedings involving Citigroup Global Markets Inc. (CGMI), a prominent broker-dealer. The company has settled with the SEC over deliberate violations of recordkeeping obligations relating to expenses incurred in connection with its underwriting operations. In accordance with federal securities laws, broker-dealers are obligated to [...]

The Securities and Exchange Commission has formally announced charges against Archipelago Trading Services Inc. (ATSI) due to its failure to submit numerous mandatory reports regarding suspicious financial transactions, commonly referred to as Suspicious Activity Reports (SARs), during the period spanning from August 2012 to September 2020. These charges pertain to transactions involving over-the-counter (OTC) securities [...]

The Securities and Exchange Commission has taken legal action against Impact Theory, LLC, a media and entertainment firm headquartered in Los Angeles. The company has been accused of engaging in an unregistered offering of crypto asset securities through non-fungible tokens (NFTs), resulting in charges being filed. Impact Theory managed to raise a substantial sum of [...]

The Securities and Exchange Commission (SEC) has made public its announcement regarding 3M Company's resolution to pay over $6.5 million to settle charges of violating the books and records as well as internal controls provisions of the Foreign Corrupt Practices Act (FCPA). The SEC's findings reveal that employees from a wholly owned 3M subsidiary located [...]

The Securities and Exchange Commission (SEC) has taken legal action against former New Jersey State Correctional Police Officer, John A. DeSalvo, for his alleged involvement in fraudulent activities related to the Blazar Token, a crypto asset security he introduced, which subsequently collapsed in May 2022. The SEC's charges also encompass allegations of misappropriation of investor [...]

The Securities and Exchange Commission has recently made public its allegations against Romero Cabral da Costa Neto, accusing him of engaging in insider trading activities. Costa, a visiting attorney hailing from Brazil, was associated with a global law firm during the relevant period. According to the filed complaint by the SEC, in the year 2023, [...]

The Securities and Exchange Commission (SEC) has officially brought forth charges against Titan Global Capital Management USA LLC, a FinTech investment advisor based in New York. The charges pertain to the firm's utilization of hypothetical performance metrics in its advertisements, which have been deemed misleading. Additionally, Titan has been charged with a series of compliance [...]

The Securities and Exchange Commission (SEC) has taken legal action against Crowe U.K. LLP, a London-based audit firm, and its CEO, Nigel Bostock, along with senior auditor, Matthew Stallabrass, for their inadequate audit of the music streaming company Akazoo Limited. In response to the SEC's charges, Crowe U.K., Bostock, and Stallabrass have reached a settlement [...]