Cameron R. Jezierski is the last of three alleged perpetrators to be sentenced in a criminal case parallel to a 2018 SEC complaint regarding a $345 million Ponzi scheme that defrauded over 230 investors across the country.
Tagged with "SEC"
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Final Defendant in Ponzi-Like Fraud Case Sentenced to 2 Years in Prison
Posted on December 6th, 2019 at 11:34 AM
International Investment Group LLC Registration Revoked by SEC Following $60 Million Fraud
Posted on December 5th, 2019 at 12:07 PM
According to a November 26th press release, the Securities and Exchange Commission (“SEC”) has revoked the registration of investment adviser International Investment Group LLC (“IIG”), following charges of “securities fraud for hiding losses in its flagship hedge fund and selling at least $60 million in fake loan assets to clients.”
Illinois Federal Court Fraud Hearing Ends in $1.8 Million Judgment in Favor of SEC
Posted on December 4th, 2019 at 5:24 PM
According to the Securities and Exchange Commission (“SEC”), on November 12th, 2019, a final judgment was entered in Illinois federal court against an investment adviser charged with “fraud for misappropriating client assets and misrepresenting the value of 15 unregistered advisors.”
SEC Provides Guidance on Form CRS Delivery Requirements and Formatting
Posted on December 3rd, 2019 at 1:52 PM
On November 26, 2019, the Securities and Exchange Commission (“SEC”) published an FAQ regarding Form CRS (a.k.a. “relationship summary”), prepared by the staff of the Division of Investment Management and the Division of Trading and Markets. In the FAQ, the SEC specifies that the responses represent the views of the staff of the Division of Investment Management and the Division of Trading and Markets, and should not be construed as a rule, regulation, or statement of the SEC. The SEC further specifies that the FAQ was neither approved nor disapproved by the SEC, and the FAQ has no legal force or effect.
Equity Crowdfunding on the Rise
Posted on December 2nd, 2019 at 5:11 PM
Equity crowdfunding, though a relatively new practice, is becoming a viable option for investors. The SEC estimates that 1,351 equity crowdfunding offerings have taken place between 2016 and 2018, raising over $107 million in the United States. From 2017 to 2018, the number of investors participating in equity crowdfunding nearly doubled.
SEC Files Action to Stop $6 Million Ponzi Scheme Targeting Seniors in Florida
Posted on November 20th, 2019 at 2:03 PM
The Securities and Exchange Commission ("SEC") has filed an emergency action and obtained a temporary restraining order and asset freeze against two Florida men and the two companies they control in connection with an alleged $6 million Ponzi scheme that has defrauded at least 55 investors, many of whom are senior citizens.
SEC Enforcement Actions on the Rise in 2019
Posted on November 15th, 2019 at 5:10 PM
The U.S. Securities and Exchange Commission ("SEC") continued to focus on enforcement and misconduct that puts investors at risk in fiscal year 2019.
SEC Whistle-Blower Vote Postponed
Posted on October 23rd, 2019 at 5:12 PM
A vote by the Securities and Exchange Commission (“SEC”) to amend whistleblower rules, scheduled for Wednesday, October 23rd, was postponed as the proposed changes have come under increased scrutiny by many whistleblower attorneys and advocates.
SEC Adopts New Rule on Exchange-Traded Funds
Posted on October 10th, 2019 at 2:27 PM
The Securities and Exchange Commission (“SEC”) recently announced that it voted to adopt a new rule and form amendments designed to “modernize” the regulation of exchange-traded funds (“ETFs”). The SEC also specified that it will issue an exemptive order that further harmonizes related relief for broker-dealers.
SEC Makes More Efficient Process for New ETFs
Posted on October 8th, 2019 at 3:34 PM
The Securities and Exchange Commission (“SEC”) recently eased regulatory constraints for exchange-traded funds (“ETFs”) that the industry long complained about, due to with the wait and the cost of getting SEC to sign off on new funds.
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