Newsfile SEC Press Digest

Recent News

  • SEC Awards More Than $23 Million to Whistleblowers

    Washington, D.C.--(Newsfile Corp. - June 2, 2021) - The Securities and Exchange Commission today announced awards of approximately $13 million and $10 million to two whistleblowers whose information and assistance led to successful SEC and related actions. The whistleblowers’ substantial assistance, provided to the SEC and another federal agency, included submitting information and documents, participating in interviews, and identifying key individuals who engaged in the misconduct at issue.“The whistleblowers’ information and...

    2021-06-02 11:43 AM EDT
  • SEC Charges U.S. Promoters of $2 Billion Global Crypto Lending Securities Offering

    Washington, D.C.--(Newsfile Corp. - May 28, 2021) - The Securities and Exchange Commission announced today that it has filed an action against five individuals alleging that they promoted a global unregistered digital asset securities offering that raised over $2 billion from retail investors.According to the SEC's complaint, filed in the United States District Court for the Southern District of New York, from approximately January 2017 to January 2018, BitConnect used a network of promoters, including U.S.-based Trevon Brown (a.k.a....

    2021-05-28 3:29 PM EDT
  • SEC Charges Mutual Fund Executives with Misleading Investors Regarding Investment Risks in Funds that Suffered $1 Billion Trading Loss

    Washington, D.C.--(Newsfile Corp. - May 27, 2021) - The Securities and Exchange Commission today filed a civil action alleging that investment advisers LJM Funds Management Ltd. and LJM Partners Ltd. and their portfolio managers, Anthony Caine and Anish Parvataneni, fraudulently misled investors and the board of directors of a fund they advised about LJM's risk management practices and the level of risk in LJM's portfolios. The SEC separately settled related charges with LJM's Chief Risk Officer, Arjuna Ariathurai.According to the SEC's complaint,...

    2021-05-27 4:37 PM EDT
  • SEC Awards More Than $4 Million to Whistleblower

    Washington, D.C.--(Newsfile Corp. - May 27, 2021) - The Securities and Exchange Commission today announced an award of more than $4 million to a whistleblower who alerted SEC staff to certain violations, prompting the opening of an investigation.  The whistleblower then provided substantial assistance by meeting with SEC staff, identifying key players, and providing additional helpful information and documents.“Whistleblowers may be uniquely positioned to provide the kind of information and assistance that can prove instrumental to the successful resolution...

    2021-05-27 1:37 PM EDT
  • SEC Charges Healthcare Company and Its Founder with Multimillion Dollar Fraud

    Washington, D.C.--(Newsfile Corp. - May 19, 2021) - The Securities and Exchange Commission today charged a New Jersey-based healthcare company and its founder with fraudulently raising nearly $4 million from over 130 investors nationwide through the sale of membership units in the company.According to the SEC's complaint, since July 2017, Premier Healthcare Solution LLC and its founder, Josiah David (formerly known as Dennis Lee), an individual with felony convictions and an extensive history of regulatory violations, have been raising money...

    2021-05-19 1:02 PM EDT
  • SEC Awards More Than $28 Million to Whistleblower Who Aided SEC and Other Agency Actions

    Washington, D.C.--(Newsfile Corp. - May 19, 2021) - The Securities and Exchange Commission today announced an award to a whistleblower totaling more than $28 million in connection with an SEC enforcement action and a related action by another federal agency. The whistleblower’s information caused both the SEC and the other agency to open investigations that resulted in significant enforcement actions.  Under the SEC’s whistleblower program, individuals who provide information to other...

    2021-05-19 11:23 AM EDT
  • SEC Awards More Than $31 Million to Whistleblowers in Two Enforcement Actions

    Washington, D.C.--(Newsfile Corp. - May 17, 2021) - The Securities and Exchange Commission today announced whistleblower awards to four individuals totaling more than $31 million. In the first order, the SEC awarded almost $27 million to two claimants who provided SEC staff with new information and assistance during an existing investigation, including meeting with the staff in person on multiple days.  Their information and cooperation helped the Commission bring the enforcement action, which resulted in the return of millions of dollars...

    2021-05-17 1:30 PM EDT
  • SEC Charges S&P Dow Jones Indices for Failures Relating to Volatility-Related Index

    Washington, D.C.--(Newsfile Corp. - May 17, 2021) - The Securities and Exchange Commission today announced settled charges against S&P Dow Jones Indices LLC for failures relating to a previously undisclosed quality control feature of one of its volatility-related indices, which led S&P DJI to publish and disseminate stale index values during a period of unprecedented volatility. The SEC’s order finds that the S&P 500 VIX Short Term Futures Index ER (Index) published by S&P DJI was intended to calculate values based...

    2021-05-17 9:27 AM EDT