Cyber security has emerged as a key issue facing virtually every company. While company security systems have undoubtedly improved over the years, it is also true that those involved in these incidents have added to, and improved, their skills. The
SEC Actions
The SEC Actions blog, published by Thomas O. Gorman, focuses on enforcement actions and litigation related to securities regulation. It covers topics such as investment fraud, Ponzi schemes, financial fraud, account takeovers, false statements, and settlement of SEC cases. The blog also discusses specific types of fraud involving acquisitions of brand name entities and investment schemes. It provides updates on new SEC enforcement filings and settlements, highlighting patterns and risks in securities litigation and regulatory compliance.
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This Week In Securities Litigation (Week of January 13, 2025)
As 2025 begins to move forward, the Commission continued to file new cases. Last week those included one a suspicious activity, two centered on offering frauds, another based on a trading scheme and an insider trading case. Be careful, be…
FRAUDENT BUSINESS MODEL
Many enterprises spend significant amounts of time and resources looking for the next great thing. In some instances the firm is able to create a new approach, a new way to do the same old thing or some other new…
This Week In Securities Litigation (Week of January 6, 2025)
The Commission announced settlements in two insider trading cases, an offering fraud action and a municipal action last week. It also settled several actions centered on a failure to file Form D in a timely manner. Be careful, be safe…
An Insider Trading Case Based on Two Firms
One of the staples of SEC Enforcement over the years has been insider trading. The agency has always maintained that insider trading violates the statutes – at its core it represents a misuse of information. In the basic insider trading…
Historical Bonds From Weimar Republic, Others, at Center of Offering Fraud Case
Some of the Commission’s cases have at their center celebrities, note worthy events and other matters which make the underlying facts of interest aside from those tied to the wrongful conduct. One of the Commission’s most recent cases is like…
This Week In Securities Litigation (Week of December 16, 2024)
Last week the Commission filed several of new enforcement actions. Those cases included actions based on false statements, microcap fraud, an offering fraud and a sham transaction. In addition, the agency brought administrative proceedings against seven firms that failed to…
Fraudster Raises over $1 Million From Investors
Repeatedly the Commission has filed enforcement actions against persons alleged to have fleeced potential investors through a fraudulent scheme. The schemes involve a variety of frauds fact patterns. For example, many involve the sale of penny stocks that may be…
This Week In Securities Litigation (Week of December 9, 2024)
The commission filed three new enforcement actions last week. One focused on false statements while as second focused on books and records. The third action centered on cherry picking Be careful, be safe this week SEC Enforcement – Filed and…
Another Cherry Picking Case
At the center of the broker- trader relation is a duty which governs the relationship when trading. Reflected in Reg. BI is a duty which seeks to ensure that the relationship is fair and governed by the full and fair…