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 [...]

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 [...]