Securities and Exchange Commission

Securities and Exchange Commission

Former SEC Official Urges Criminal Charges Against Sam Bankman-Fried Parents

Stark expressed surprise that the authorities did not include Bankman-Fried’s parents as defendants in their legal actions. Sam Bankman-Fried Parents Could Be Named ‘Relief Defendants’ John Reed Stark suggested Bankman-Fried parents as individuals who might have benefited from the alleged wrongdoings of their son. ...Read More

SEC Charges 11 Wall Street Firms with Widespread Recordkeeping Failures

The Securities and Exchange Commission today announced charges against 10 firms in their capacity as broker-dealers and one dually registered broker-dealer and investment adviser for widespread and longstanding failures by the firms and their employees to maintain and preserve electronic communications. The firms admitted ...Read More

SEC Sues Crypto Founder, Alleging $1 Billion In Unregistered Crypto Sales And Multimillion-Dollar Fraud

The Securities and Exchange Commission on Monday filed charges against a U.S. citizen it alleged raised more than $1 billion through the unregistered offer and sale of crypto securities before pilfering millions to fuel a high-status lifestyle and the acquisition of luxury goods, including the largest black ...Read More

New SEC Regulations Seek To Protect Investors From Meme-Stock Frenzy

The U.S. Securities and Exchange Commission (SEC) has made moves to impose stricter controls on retail brokerages such as Robinhood Markets Inc., in an effort to safeguard customers from the dangers posed by the application of advanced analytics. The regulators are concerned these firms could exploit ...Read More