SEC News

SEC Charges Florida Payday Lender and CEO with Affinity Fraud Targeting the Venezuelan-American Community

Washington D.C., Sept. 27, 2021 — The Securities and Exchange Commission today announced charges against Sky Group USA LLC, a payday loan company based in Miami, and its CEO, Efrain Betancourt, Jr., for fraudulently raising at least $66 million through the sale of promissory notes to more than 500 retail investors, including members of the South […]

SEC News

SEC Delivers Report to Congress with Recommendations from the 40th Annual Small Business Forum

Washington D.C., Sept. 27, 2021 — Today the Office of the Advocate for Small Business Capital Formation delivered a report to Congress on the Securities and Exchange Commission’s 40th Annual Small Business Forum. The 2021 Forum took place virtually on May 24–27, 2021, with each session featuring panelists with in-depth knowledge of the issues facing […]

FCA News

Productive finance working group publishes recommendations addressing the barriers to investment in less liquid assets

The final report, ‘A Roadmap for Increasing Productive Finance Investment’. Further details on the Productive Finance Working Group, including Minutes from their meetings. FCA CP21/12: A new authorised fund regime for investing in long term assets Opens in a new window. the work of the group has been welcomed by a number of industry participants: […]

SEC News

SEC Charges Two Companies and Their Principals with Misleading Investors in More Than a Dozen Oil and Gas Securities Offerings

Washington D.C., Sept. 24, 2021 — The Securities and Exchange Commission today charged Thomas Powell and Stefan Toth, and their entities, Resolute Capital Partners LTD LLC and Homebound Resources LLC, with making material misrepresentations and omissions in connection with more than a dozen unregistered oil and gas securities offerings. Powell and Toth were also charged […]

SEC News

SEC Awards Approximately $36 Million to Whistleblower

Washington D.C., Sept. 24, 2021 — The Securities and Exchange Commission today announced an award of approximately $36 million to a whistleblower whose information and assistance significantly contributed to the success of an SEC enforcement action as well as actions by another federal agency. The whistleblower provided crucial information on an illegal scheme to the […]