The SEC on June 2, 2025, filed a complaint against David A. Nagler and New Line Capital LLC (Defendants) in the U.S. District Court for the District of New Mexico for allegedly breaching their fiduciary duties and defrauding...more
7/17/2025
/ Breach of Duty ,
Conflicts of Interest ,
Disclosure Requirements ,
Elder Abuse ,
Enforcement Actions ,
Fees ,
Fiduciary Duty ,
Fraud ,
Investment Adviser ,
Penalties ,
Pending Litigation ,
Securities and Exchange Commission (SEC)
In the first artificial intelligence (AI)-washing enforcement cases brought by the SEC and U.S. Department of Justice (DOJ) under the Trump Administration, on April 9, 2025, the SEC and the U.S. Attorney's Office for the...more
7/10/2025
/ Artificial Intelligence ,
Criminal Prosecution ,
Department of Justice (DOJ) ,
Enforcement Actions ,
False Statements ,
Fraud ,
Indictments ,
Investors ,
Misleading Statements ,
Securities and Exchange Commission (SEC) ,
Securities Fraud
On May 22, 2025, the SEC brought a case of affinity fraud before the U.S. District Court for the Northern District of California against Bay Area real estate investor Kenneth Mattson alleging more than $46 million in...more
7/2/2025
/ Criminal Prosecution ,
Fraud ,
Investment Fraud ,
Investors ,
Ponzi Scheme ,
Real Estate Investments ,
Securities Exchange Act of 1934 ,
Securities Fraud ,
Securities Regulation ,
Securities Violations ,
White Collar Crimes
The dog days of late summer are a frenzied time within the SEC's Division of Enforcement as staff work feverishly to complete their investigations and secure the requisite yes vote from a majority of commissioners to...more
12/9/2024
/ Artificial Intelligence ,
Cyber Incident Reporting ,
Enforcement Actions ,
Enforcement Priorities ,
Enforcement Statistics ,
Failure To Disclose ,
Fraud ,
Insider Trading ,
Market Manipulation ,
Private Funds ,
Securities and Exchange Commission (SEC) ,
Securities Regulation ,
Securities Violations
This Holland & Knight blog post is the second installment in a two-part series that examines the challenges to the U.S. Securities and Exchange Commission's (SEC) charges in its landmark case against SolarWinds Corp....more
7/29/2024
/ Board of Directors ,
Chief Information Security Officer (CISO) ,
Corporate Governance ,
Cyber Attacks ,
Cybersecurity ,
Data Breach ,
Disclosure Requirements ,
Enforcement Actions ,
Fraud ,
Incident Response Plans ,
Material Misrepresentation ,
Misleading Statements ,
Publicly-Traded Companies ,
Risk Mitigation ,
Securities and Exchange Commission (SEC) ,
Securities Fraud ,
SolarWinds
Digital assets are not the only coins drawing regulatory scrutiny these days. Earlier this year, the U.S. Securities and Exchange Commission (SEC) announced that it filed a complaint against California-based Red Rock Secured...more
10/27/2023
/ 401k ,
CFTC ,
Digital Assets ,
Enforcement Actions ,
Fraud ,
Individual Retirement Account (IRA) ,
Investment Advisers Act of 1940 ,
Parallel Proceedings ,
Rare Earth Metals ,
Retirement Plan ,
Securities and Exchange Commission (SEC) ,
Securities Exchange Act ,
Securities Violations
On August 19, 2013, the SEC announced that it settled with a hedge fund and its manager (the defendants) and required them to admit wrongdoing. In the consent, the defendants admit to a series of facts, including that the...more