The Securities and Exchange Commission has brought civil charges against Matthew J. Skinner and several entities he owns and controls for allegedly orchestrating multiple fraudulent and unregistered real estate offerings over a five-year period, in which he raised in excess of $9 million from more than one-hundred investors. In its civil enforcement action, the SEC alleged that Skinner,...Read More

Continuing its aggressive crack down in the crypto space, the Securities and Exchange Commission filed yet another civil enforcement action involving the promotion and sale of a global unregistered digital asset securities offering that raised in excess of $2 billion from the investing public. The SEC’s lawsuit alleges that from around January 2017 to January...Read More

The Securities and Exchange Commission (SEC) just filed an emergency enforcement action seeking an asset freeze and other immediate relief against Zachary Horwitz, an actor based out of Los Angeles, California, and his company, 1inMM (one in a million) Capital, LLC.  In its lawsuit, the SEC alleged that Horwitz and his company were engaged in...Read More

The Securities and Exchange Commission continues its prosecution of social media stock fraud. Yesterday, the SEC filed fraud charges against a trader who allegedly utilized social media to spread false and misleading information about a defunct company, while secretly dumping his holdings and profiting in the process.  Per the SEC Complaint, Andrew Fassari used a...Read More

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In early November 2020, the Securities and Exchange Commission (SEC) announced that it awarded two individual whistleblowers a total of $4.3 million. In the first whistleblower case, the SEC paid over $3.6 million for the individual’s provision of critical information that alerted the SEC to fraudulent conduct taking place abroad.  The SEC noted that the...Read More

FINRA recently hit Interactive Brokers LLC with a $15 million penalty for alleged wide-reaching deficiencies in its anti-money laundering (AML) program, which spanned in excess of five years.   As a condition of the settlement, in which Interactive Brokers neither admitted nor denied the allegations, FINRA obligated the firm to put in place a third-party consultant’s...Read More

The US Securities and Exchange Commission has brought civil enforcement charges against Amir Bruno Elmaani, also known by his online moniker “Bruno Block.”  The SEC charges two categories of securities violations: (1) an illegal securities distribution of digital tokens, and (2) a scheme to enrich by minting unauthorized tokens at no cost and dumping them...Read More