SEC News

SEC Charges Former New York Investment Advisor and Daughter With Conducting a Ponzi Scheme

Washington D.C., Dec. 13, 2018 — The Securities and Exchange Commission today charged a former Rockland County, New York-based investment adviser and his daughter with conducting a multi-million dollar Ponzi scheme that defrauded local community members as well as members of their family and close friends. The SEC alleges that Hector May, an investment adviser representative and […]

SEC News

Executives Settle ICO Scam Charges

Washington D.C., Dec. 12, 2018 — Two former executives behind an allegedly fraudulent initial coin offering (ICO) that was stopped by the Securities and Exchange Commission earlier this year have been ordered in federal court to pay nearly $2.7 million and prohibited from serving as officers or directors of public companies or participating in future […]

SEC News

Three Developers Settle Charges of Fraudulent EB-5 Offering

Washington D.C., Dec. 12, 2018 — The Securities and Exchange Commission today announced that three Houston-area developers have agreed to settle charges that they misused investor funds raised from 90 Chinese investors under the EB-5 Immigrant Investor Program on unrelated projects. The three developers – America Modern Green Senior (Houston) LLC, America Modern Green Community […]

SEC News

Three Broker-Dealers to Pay More Than $6 Million in Penalties for Providing Deficient Blue Sheet Data

Washington D.C., Dec. 10, 2018 — The Securities and Exchange Commission today announced that three broker-dealers have agreed to pay more than $6 million to settle charges for providing the SEC with incomplete and inaccurate securities trading information in required SEC productions known as “blue sheet data,” which the SEC uses to carry out its […]