SEC Charges Former Real-Estate Investment CEO with Operating Multimillion Dollar Ponzi-Like Scheme
Washington, D.C.--(Newsfile Corp. - May 22, 2025) - The Securities and Exchange Commission today charged San Francisco Bay Area resident Kenneth Mattson, the former CEO of real estate investment business LeFever Mattson, with defrauding approximately 200 investors of at least $46 million by selling them fake interests in real estate investment limited partnerships. Many of these investors were retired senior citizens Mattson met through his church community. According to the SEC’s complaint,...
2025-05-22 4:41 PM EDT
Unicoin, Top Executives Charged in Offering Fraud That Raised More than $100 Million from Thousands of Investors
Washington, D.C.--(Newsfile Corp. - May 20, 2025) - The Securities and Exchange Commission today charged New York City-based Unicoin, Inc. and three of its top executives—CEO and Board Chairman Alex Konanykhin; Silvina Moschini, former president, former board chairwoman, and current board member; and former Chief Investment Officer Alex Dominguez—for false and misleading statements in an offering of certificates that purportedly conveyed rights to receive crypto assets called Unicoin tokens...
2025-05-20 8:42 PM EDT
Katherine Reilly Named SEC Acting Inspector General
Washington, D.C.--(Newsfile Corp. - May 19, 2025) - The Securities and Exchange Commission today announced the appointment of Katherine Reilly as the agency’s Acting Inspector General. Ms. Reilly is currently serving as a Deputy Inspector General at the SEC. She replaces Deborah Jeffrey, who has served as the SEC’s Inspector General since 2023 and is retiring. “Our Inspector General’s office champions transparency and seeks to root out redundancy and overlap to ensure our agency is running as...
2025-05-19 7:57 PM EDT
SEC Announces Roundtable on Executive Compensation Disclosure Requirements
Washington, D.C.--(Newsfile Corp. - May 16, 2025) - The Securities and Exchange Commission announced today that it will host a roundtable on June 26, 2025, to discuss executive compensation disclosure requirements. SEC Chairman Paul S. Atkins issued a statement today regarding the roundtable, including questions for the staff to consider. Members of the public are also encouraged to provide their views on these questions, either in advance or after the roundtable. The roundtable will be open...
2025-05-16 11:30 AM EDT
SEC Announces Agenda, Panelists for Roundtable on Tokenization Plus Date Change for Roundtable on DeFi
Washington, D.C.--(Newsfile Corp. - May 5, 2025) - The Securities and Exchange Commission’s Crypto Task Force has announced the agenda and panelists for its May 12 roundtable, “Tokenization — Moving Assets Onchain: Where TradFi and DeFi Meet.” “Tokenization is a technological development that could substantially change many aspects of our financial markets,” said Commissioner Hester M. Peirce, leader of the Crypto Task Force. “I look forward to hearing ideas from our panelists on how the SEC...
2025-05-05 9:03 AM EDT
SEC Charges Three Texans with Defrauding Investors in $91 Million Ponzi Scheme
Washington, D.C.--(Newsfile Corp. - April 29, 2025) - The Securities and Exchange Commission today announced charges against Dallas-Fort Worth residents Kenneth W. Alexander II, Robert D. Welsh, and Caedrynn E. Conner for operating a Ponzi scheme that raised at least $91 million from more than 200 investors. According to the SEC’s complaint, between approximately May 2021 and February 2024, Alexander and Welsh operated the scheme through a trust controlled by Alexander called Vanguard...
2025-04-29 4:42 PM EDT
SEC Publishes New Market Data, Analysis, and Visualizations
Washington, D.C.--(Newsfile Corp. - April 28, 2025) - The Securities and Exchange Commission’s Division of Economic and Risk Analysis (DERA) has published new data and analysis on the key market areas of public issuers, exempt offerings, Commercial Mortgage-Backed Securities (CMBS), Asset-Backed Securities (ABS), money market funds, and security-based swap dealers (SBSD) in an effort to increase transparency and understanding of our capital markets amongst the public. “These reports reflect...
2025-04-28 2:29 PM EDT
SEC Charges PGI Global Founder with $198 Million Crypto Asset and Foreign Exchange Fraud Scheme
Washington, D.C.--(Newsfile Corp. - April 22, 2025) - The Securities and Exchange Commission today charged Ramil Palafox for orchestrating a fraudulent scheme that raised approximately $198 million from investors worldwide and for misappropriating more than $57 million of investor funds. According to the SEC’s complaint, Palafox’s company, known as PGI Global, claimed to be a crypto asset and foreign exchange trading company. From January 2020 through October 2021, Palafox offered and sold...
2025-04-22 5:38 PM EDT
Paul S. Atkins Sworn In as SEC Chairman
Washington, D.C.--(Newsfile Corp. - April 21, 2025) - Paul S. Atkins was sworn into office today as the 34th Chairman of the Securities and Exchange Commission. Chairman Atkins was nominated by President Donald J. Trump on January 20, 2025, and confirmed by the U.S. Senate on April 9, 2025. “I am honored by the trust and confidence President Trump and the Senate have placed in me to lead the SEC,” said Chairman Atkins. “As I return to the SEC, I am pleased to join with my fellow Commissioners...
2025-04-21 7:41 PM EDT
SEC Awards $6 Million to Joint Whistleblowers
Washington, D.C.--(Newsfile Corp. - April 21, 2025) - The Securities and Exchange Commission today announced an award of approximately $6 million to joint whistleblowers who provided new information that led to the opening of an examination and provided a roadmap for an enforcement action that resulted in the covered action. “Today’s award illustrates that the agency can leverage whistleblower information in various ways, including by prompting an examination,” said Jonathan Carr, Acting...
2025-04-21 2:09 PM EDT
SEC Small Business Advisory Committee to Explore Regulation A
Washington, D.C.--(Newsfile Corp. - April 17, 2025) - The Securities and Exchange Commission’s Small Business Capital Formation Advisory Committee announced that its meeting on Tuesday, May 6, 2025, will focus on the practical market considerations and regulatory challenges of Regulation A. Members of the public can watch the live meeting via webcast on www.sec.gov. The meeting will begin with SEC staff giving an overview of Regulation A and how companies have used it to raise capital. The...
2025-04-17 11:01 AM EDT
SEC Announces Agenda, Panelists for Roundtable on Crypto Custody
Washington, D.C.--(Newsfile Corp. - April 16, 2025) - The Securities and Exchange Commission’s Crypto Task Force has announced the agenda and panelists for its April 25 roundtable, “Know Your Custodian: Key Considerations for Crypto Custody.” “It is important for the SEC to grapple with custody issues, which are some of the most challenging as we seek to integrate crypto assets into our regulatory structure,” said Commissioner Hester M. Peirce, leader of the Crypto Task Force. “We look...
2025-04-16 3:01 PM EDT
SEC Extends Effective and Compliance Dates for Amendments to Investment Company Reporting Requirements
Washington, D.C.--(Newsfile Corp. - April 16, 2025) - The Securities and Exchange Commission today announced a two-year extension of the effective and compliance dates for rule amendments adopted in August 2024 that require many types of registered funds to more frequently report portfolio-related information to the Commission and the public on Form N-PORT. The compliance date for larger fund groups is extended from Nov. 17, 2025, to Nov. 17, 2027, and the compliance date for smaller fund...
2025-04-16 2:14 PM EDT
SEC's Anti-Fraud Public Service Campaign Warns Investors About Relationship Investment Scams
Washington, D.C.--(Newsfile Corp. - April 16, 2025) - The Securities and Exchange Commission’s Office of Investor Education and Advocacy (OIEA) today unveiled its anti-fraud public service campaign, which warns investors about the devastating impact relationship investment scams can have on their financial future. Relationship investment scams typically involve a “long con” in which scammers reach out online or through text messages, attempting to build trust through friendship or a romantic...
2025-04-16 10:42 AM EDT
SEC Publishes New Data and Analysis About Registered Investment Companies and Money Market Funds
Washington, D.C.--(Newsfile Corp. - April 14, 2025) - The Securities and Exchange Commission today published new data and analysis in a pair of reports that provide the investing public with updated key information about registered investment companies and money market funds. “It is important that the Commission publicly shares the information it collects in a clear and transparent way,” said Acting Chairman Mark Uyeda. “These two reports will provide the public with key information about the...
2025-04-14 12:06 PM EDT
SEC Announces Agenda, Panelists for Roundtable on Crypto Trading
Washington, D.C.--(Newsfile Corp. - April 7, 2025) - The Securities and Exchange Commission’s Crypto Task Force has announced the agenda and panelists for its April 11 roundtable, “Between a Block and a Hard Place: Tailoring Regulation for Crypto Trading.” “Hearing the public’s concerns and suggestions helps the SEC create a clear, sensible, and fair path forward for the crypto industry,” said Commissioner Hester M. Peirce, leader of the Crypto Task Force. “I look forward to this roundtable...
2025-04-07 9:40 AM EDT
By Building Wealth, Investors Power U.S. Economy
Washington, D.C.--(Newsfile Corp. - April 2, 2025) - The Securities and Exchange Commission’s Office of Investor Education and Advocacy (OIEA) today announced, as part of April’s National Financial Literacy Month, it will highlight the key role investing plays in both powering the U.S. economy and preparing U.S. investors for their own financial future. Investing is an important tool for individuals and families in achieving their financial goals, such as affording higher education,...
2025-04-02 11:57 AM EDT
SEC Charges Three Arizona Individuals with Defrauding Investors in $284 Million Municipal Bond Offering That Financed Sports Complex
Washington, D.C.--(Newsfile Corp. - April 1, 2025) - The Securities and Exchange Commission today charged Randall “Randy” Miller, Chad Miller, and Jeffrey De Laveaga with creating false documents that were provided to investors in two municipal bond offerings that raised $284 million to build one of the largest sports venues of its kind in the United States. As alleged in the SEC’s complaint, in August 2020 and June 2021, Randy Miller’s nonprofit company, Legacy Cares, issued approximately...
2025-04-01 3:34 PM EDT
SEC Votes to End Defense of Climate Disclosure Rules
Washington, D.C.--(Newsfile Corp. - March 27, 2025) - The Securities and Exchange Commission today voted to end its defense of the rules requiring disclosure of climate-related risks and greenhouse gas emissions. SEC Acting Chairman Mark T. Uyeda said, “The goal of today’s Commission action and notification to the court is to cease the Commission’s involvement in the defense of the costly and unnecessarily intrusive climate change disclosure rules.” The rules, adopted by the Commission on...
2025-03-27 4:39 PM EDT
SEC Crypto Task Force to Host Four More Roundtables
Washington, D.C.--(Newsfile Corp. - March 25, 2025) - The Securities and Exchange Commission’s Crypto Task Force announced today it will hold four more roundtables in its ongoing series discussing crypto asset regulation. The dates and topics for each roundtable are as follows: April 11, 2025 - Between a Block and a Hard Place: Tailoring Regulation for Crypto Trading April 25, 2025 - Know Your Custodian: Key Considerations for Crypto Custody May 12, 2025 – Tokenization - Moving Assets Onchain: W
2025-03-25 5:46 PM EDT