There has not been much news regarding SEC enforcement lately, but today the SEC and DOJ both charged a founder of a Washington-based water vending machine manufacturer Water Station Management, LLC and two related companies...more
8/15/2025
/ Criminal Prosecution ,
Department of Justice (DOJ) ,
Enforcement Actions ,
Fiduciary Duty ,
Fraud ,
Institutional Investors ,
Investment Adviser ,
Investment Contract ,
Parallel Proceedings ,
Ponzi Scheme ,
Retail Investors ,
Securities and Exchange Commission (SEC) ,
Securities Fraud
Recently, the Securities and Exchange Commission brought fraud charges against Jonathan Larmore for allegedly looting $35 million from real estate funds he advised. Larmore is a real estate investor, an investment adviser,...more
“Naked short selling” is often claimed by struggling public companies to be the source of their woes. But there have been relatively few cases addressing naked short selling. Recently, however, on May 19, 2021, the SEC...more
5/27/2021
/ Broker-Dealer ,
Disgorgement ,
Injunctions ,
Investment Adviser ,
Penalties ,
Publicly-Traded Companies ,
Regulation SHO ,
Section 203 ,
Securities ,
Securities and Exchange Commission (SEC) ,
Securities Litigation ,
Short Selling
On April 1, 2021, the Texas State Securities Board (TSSB) announced the entry of a Consent Order against an SEC registered investment adviser named Independent Financial Group, LLC (“Independent”). The TSSB’s action may...more
As we discussed in our recent post “What to Expect from the SEC Under the Biden Administration,” market participants can expect a more vigorous SEC enforcement program under the new administration. President Biden’s nominee...more
3/11/2021
/ Asset Valuations ,
Biden Administration ,
Conflicts of Interest ,
Disclosure Requirements ,
Enforcement Actions ,
Environmental Social & Governance (ESG) ,
Fees ,
Fund Managers ,
General Solicitation ,
Investment Adviser ,
Personal Information ,
Securities and Exchange Commission (SEC) ,
Transparency