The Commission filed two new enforcement actions last week. One focused on AML compliance. The other centered on an offering fraud action. Be careful, be safe this week. SEC Enforcement – Filed and Settled Actions Statistics: Last week the Commission
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.
Latest from SEC Actions - Page 8
Bond Offering For Arizona Sports Complex Built On Fraud
Building a new sports venue is typically a well-known and very expensive undertaking. Frequently, the undertaking is a years long project that often involves funds from government and the private sector. A case filed by the Commission on April Fools…
This Week In Securities Litigation (Week of March 31, 2025)
This week the Commission took the extraordinary step of signaling that in the future it will not bring cases based on crypto assets. My comments on this decision were published earlier this week and are available here. Nothing more needs…
What is the Purpose of the SEC?
Crypto assets have for years been a focus of many. Congress has made attempts at times to craft new regulations that would govern the assets. Those efforts failed. The SEC has stepped in, using long-standing court decisions on what constitutes…
Giving Notice of Wrongful Conduct
One focus of agency enforcement actions is the prevention of future violations and the protection of investors and markets. This can be accomplished in part by notice, that is, informing the public what specific conduct violates a statute or rule.…
This Week In Securities Litigation (Week of March 24, 2025)
Last week the Commission held the first meeting of its Crypto Task Force Roundtable, a forum for discussing issues related to crypto assets. The agency also filed three new enforcement actions, one centered on an offering fraud, a second based…
Trucking Company and its Executives Run Offering Fraud
Offering frauds come in all shapes and sizes. Many of the cases filed are essentially sham transactions. Others may be based on an actual business at the start but later turn out to be frauds. The Commission’s latest case in…
Iron Condor Options Strategy – Key to An Offering Fraud
Offering fraud actions continue to be a staple of the Commission despite all the changes at the agency. The cases typically center on a “too good to be true” offer to potential investors. Rather than seeing the scheme for what…
Pharma Executives Conceal FDA Recommendation Not to File For Approval
One of the things government agencies do is protect the public health. Take for example, the FDA. One of its functions is to test new drugs to ensure that they are safe and effective. Accordingly, before new prescription drugs can…
This Week In Securities Litigation (Week of March 17, 2025)
The Commission announced the resolution of two enforcement actions last week. Each centered on free riding. Be careful, be safe this week. SEC Enforcement – Filed and Settled Actions Statistics: Last week the Commission filed no new civil injunctive actions…