An attorney and the business affairs manager of his law firm agreed to settle SEC charges of illegally selling shares of a company focused on the application of blockchain technology for food, drugs and healthcare.
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Broker ITG Inc. agreed to pay $24.4 million to settle SEC charges alleging that it had prompted the issuance of American Depository Receipts without first obtaining the underlying foreign shares.
In a Massachusetts federal court, the owner of a cannabis consultation practice was indicted for insider trading based on charges that he traded on nonpublic information "misappropriated" from his wife.
The SEC Division of Corporation Finance asserted that although a tuition program established by members of the College Savings Plan Network is not necessarily organized as an entity specifically listed in Securities Act Rule 501(a)(3) of Regulation D or Rule 144A(a)(1)(i)(H), the program may be treated as an "accredited investor" ("AI") and "qualified institutional buyer" ("QIB") as defined in each rule, respectively, provided that it meets the substantive requirements of each rule.
An SEC proposal to amend rules and forms that would "mitigate the risk of unregistered distributions in connection with sales of market-adjustable securities" was published in the Federal Register.