Dodd-Frank Litigation
SEC Brings Enforcement Action for Inadequately Documented Perks but Does Not Impose Penalty
Litigation, Public Companies and Securities The SEC charged a biopharmaceutical company with committing a series of accounting controls and disclosure violations, including the failure to properly report as compensation millions of dollars in perks provided to its then-CEO and then-CFO. According to the SEC, Tennessee-based Provectus lacked sufficient controls surrounding the reporting and disclosure of travel and entertainment expenses submitted... Read more →
SEC Busts Fraudulent Initial Coin Offerings
Litigation The SEC charged a businessman and two companies with defrauding investors in a pair of so-called initial coin offerings, or ICOs, purportedly backed by investments in real estate... Read more →
CFTC Files Its First Anti-Fraud Enforcement Action Involving Bitcoin
Litigation The CFTC filed a federal civil enforcement action in the U.S. District Court for the Southern District of New York against Defendants Nicholas Gelfman, of Brooklyn, New York, and... Read more →
Duka Beats Fraud Charge in SEC Administrative Court
Litigation Barbara Duka was an employee of Standard & Poor’s Ratings Services. The SEC contended that Duka loosened S&P’s methodology for rating commercial mortgage-backed... Read more →