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That same month, the SEC charged a New York-based brokerage firm, Hold Brothers On-Line Investment Service, and three of its executives for allowing traders outside the U.S. to access the markets and conduct manipulative trading through accounts the firm controlled. [109]
The SEC runs a whistleblower rewards program, which rewards individuals who report violations of securities laws to the SEC. [ 66 ] [ 67 ] The program began in 2011 with the passage of the Dodd-Frank Wall Street Reform and Consumer Protection Act and allows whistleblowers to be given 10–30% of the penalties collected by the SEC and other ...
The Martin Act (New York General Business Law article 23-A, sections 352–353) [1] is a New York anti-fraud law, widely considered to be the most severe blue sky law in the country. [2] Passed in 1921, it grants the Attorney General of New York expansive law enforcement powers to conduct investigations of securities fraud and bring civil or ...
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NEW YORK (Reuters) -A New York state regulator on Friday fined cruise line operator Carnival Corp $5 million for "significant" cybersecurity violations, following four security breaches from 2019 ...
From November 2013 until January 2016, the NYC Housing, Preservation and Development agency, which is responsible for oversight of the city’s vast stock of multi-unit residential buildings, issued more than 10,000 violations for dangerous lead paint conditions in units with children under the age of six, the age group most at risk of ingesting lead paint.
In a 3-0 decision on Wednesday, the New Orleans-based 5th U.S. Circuit Court of Appeals ruled in favor of six private equity and hedge fund groups, finding the SEC exceeded its authority by ...
On February 21, 2023, the United States Securities and Exchange Commission (SEC) charged the Church of Jesus Christ of Latter-day Saints (LDS Church) and its non-profit investment arm, Ensign Peak Advisors (EP), for failing to disclose the LDS Church's investments, and instead creating shell companies whose purpose was to obscure the church's portfolio.