The Securities and Exchange Commission (SEC) has officially announced charges against Ashraf Mufareh, hailing from Orlando, Florida, and his company, ONPASSIVE LLC (collectively referred to as the "defendants"), for orchestrating an unregistered and fraudulent offering. According to the SEC's complaint, the defendants have been engaged in fraudulent activities since 2018, raising more than $108 million [...]

The Securities and Exchange Commission (SEC) has successfully obtained a conclusive ruling against Vika Ventures LLC ("Vika"), a defendant previously charged with engaging in fraudulent activities related to the fraudulent offering and sale of securities tied to private companies that were potentially on track for an initial public offering (IPO). It was revealed that Vika [...]

The Securities and Exchange Commission (SEC) has taken action against Colombian conglomerate Grupo Aval Acciones y Valores S.A., also known as Grupo Aval S.A., along with its subsidiary bank, Corporación Financiera Colombiana S.A. (Corficolombiana), for their violation of the Foreign Corrupt Practices Act (FCPA). Grupo Aval, whose shares are publicly traded on the New York [...]

The Securities and Exchange Commission (SEC) has officially announced a settlement with Bittrex Inc., a prominent crypto asset trading platform, and its co-founder and former CEO, William Shihara. The settlement revolves around allegations of operating an unregistered national securities exchange, brokerage, and clearing agency. Bittrex Global GmbH, a foreign affiliate of Bittrex Inc., is also [...]

The Securities and Exchange Commission (SEC) has taken legal action against Timothy Overturf, a resident of Arcata, California, and his investment advisory firm, Sisu Capital, LLC (Sisu Capital), for their breach of fiduciary duties to their clients. The charges stem from their engagement in unauthorized and unsuitable trades within client accounts, a pattern of conduct [...]

The Securities and Exchange Commission (SEC) has made an announcement regarding resolved fraud charges against Chad Stickforth, the former managing director of RSF Capital, LP. These charges are linked to the alleged misuse and misappropriation of millions of dollars raised from investors. According to the SEC's complaint, which was filed in a federal district court [...]

The Securities and Exchange Commission (SEC) has issued charges against ten broker-dealer firms and one dually registered broker-dealer and investment adviser due to systemic and persistent failures by these entities and their personnel to adequately maintain and preserve electronic communications. The firms have acknowledged their wrongdoing, agreeing that their actions violated the recordkeeping regulations stipulated [...]

The Securities and Exchange Commission (SEC) has taken legal action by filing a complaint in the U.S. District Court for the Central District of California against Christopher Slaga and two entities under his control, namely Q4 Capital, LLC and J4 Capital Advisors LLC. The charges relate to an alleged fraudulent scheme involving the offering of [...]

The Securities and Exchange Commission (SEC) has successfully secured a conclusive judgment in relation to the case against defendant Austin Mahone. The SEC had previously charged Mahone with unlawfully promoting crypto asset securities Tronix (TRX) and BitTorrent (BTT) without revealing his compensation for these actions. The SEC's initial complaint, filed on March 22, 2023, in [...]