Shareholder & Investor Protection

Proposal To Enhance Investor Protections And Cybersecurity For Alternative Trading Systems Trading Treasuries And Other Government Securities The Securities and Exchange Commission announced proposed rules to better protect investors and enhance cybersecurity by bringing more Alternative Trading Systems (“ATS”) that... Read More →

New Jersey “Claims Aggregator” And Three Principals Charged By SEC With Defrauding Distribution Funds Established To Return Money To Securities Fraud Victims On November 4, 2021, the Securities and Exchange Commission announced it charged a New Jersey “claims aggregator” –... Read More →

Fixed Income Clearing Corporation (“FICC”) Agrees To Pay $8 Million Penalty To Settle SEC Charges  On October 29, 2021, the Securities and Exchange Commission announced that FICC, a clearing agency, has agreed to pay an $8 million penalty to settle... Read More →

Kehoe Law Firm, P.C. is making investors aware that on September 29, 2020, the Commodity Futures Trading Commission (“CFTC”) announced that it issued an order filing and settling charges against JPMorgan Chase & Company (“JPMC & Co.”) and its subsidiaries, JPMorgan Chase Bank,... Read More →

SEC Charges Applied BioSciences Corp. and Turbo Global Partners, Inc. Over Claims In Press Releases To Offer Products To Combat Coronavirus – COVID-19 Kehoe Law Firm, P.C. is making investors and consumers aware that on May 14, 2020, the Securities... Read More →

SEC Alerts “Main Street” Investors About Investment Frauds, Including Scams Related to Coronavirus (COVID-19) Pandemic Kehoe Law Firm, P.C. is making investors aware that on April 10, 2020, the SEC’s Office of Investor Education and Advocacy and Division of Enforcement’s Retail... Read More →

Three California-Based, Internal Woodbridge Sales Agents That Sold and Assisted in Selling Approximately $444 Million in Woodbridge Securities to Retail Investors Charged For Illegally Selling Securities in Unregistered Transactions On March 5, 2020, the SEC announced charges against Brook Church-Koegel... Read More →

SEC Charges SCANA Corp., Two Former SCANA Top Executives, and SCE&G With Defrauding Investors Kehoe Law Firm, P.C. is making investors aware that on February 27, 2020, the SEC announced that it charged SCANA Corp., two of its former top... Read More →

SEC Enhances Its PAUSE Website Where SEC Provides a List of Entities That Falsely Claim to Be Registered, Licensed, and/or Located in the United States, As Well As Entities That Impersonate Genuine U.S. Registered Securities Firms and Fictitious Regulators, Governmental... Read More →

Wells Fargo Has Agreed to Pay $500 million to Settle Charges; Money Will Be Returned to Investors. $500 Million Is Part of a Combined $3 Billion Settlement With the SEC and the Department of Justice. Kehoe Law Firm, P.C. is... Read More →

Kehoe Law Firm, P.C. is making investors aware that on February 19, 2020 the SEC announced charges against against alcohol producer Diageo plc (“Diageo”) for failing to make required disclosures of known trends relating to the shipments of unneeded products by... Read More →

Kehoe Law Firm, P.C. is making investors aware that on February 18, 2020, the Securities and Exchange Commission announced an emergency enforcement action and a temporary restraining order and asset freeze against Florida-based private real estate firm EquiAlt LLC, its... Read More →

On April 11, 2019, the SEC announced that it charged two former directors of investments at Woodbridge Group of Companies LLC for their roles in its massive Ponzi scheme. According to the SEC, the defendants, California-based Ivan Acevedo (“Acevedo”) and Dane... Read More →

On March 22, 2019, the Securities and Exchange Commission announced that Merrill Lynch, Pierce, Fenner & Smith Incorporated will pay over $8 million to settle charges of improper handling of “pre-released” American Depositary Receipts (“ADRs”). ADRs – U.S. securities that... Read More →

On March 12, 2019, the Securities and Exchange Commission announced charges against Lumber Liquidators Holdings Inc. for making fraudulent misstatements to investors.  The charges stem from Lumber Liquidators’ false public statements in response to media allegations that the company was... Read More →

Investment Advisers Who Self-Reported Advisers Act Violations To Compensate Investors and Ensure Adequate Fee Disclosures On March 11, 2019, the SEC announced that it settled charges against 79 investment advisers who will return more than $125 million to clients, with... Read More →

On January 29, 2019, the Securities and Exchange Commission announced settled charges against four public companies for failing to maintain internal control over financial reporting (“ICFR”) for seven to 10 consecutive annual reporting periods. Two of the charged companies also... Read More →

On January 28, 2019, the Securities and Exchange Commission announced that a federal court in Florida ordered Woodbridge Group of Companies LLC and its former owner to pay $1 billion in penalties and disgorgement for operating a Ponzi scheme that targeted retail... Read More →

On December 26, 2018, the SEC announced that JPMorgan Chase Bank N.A. will pay more than $135 million to settle charges of improper handling of “pre-released” American Depositary Receipts (“ADR”). According to the SEC, ADRs – U.S. securities that represent foreign... Read More →

On December19, 2018, the SEC announced charges against an additional 13 individuals and 10 companies for unlawfully selling securities of Woodbridge Group of Companies LLC to retail investors. Woodbridge collapsed into bankruptcy in December 2017, and the SEC previously charged the... Read More →

On December 17, 2018, the Securities and Exchange Commission announced that Bank of New York Mellon will pay more than $54 million to settle charges of improper handling of “pre-released” American Depositary Receipts (“ADRs”). According to the SEC, ADRs –... Read More →

On December 12, 2018, the SEC announced that two former executives behind an allegedly fraudulent initial coin offering (“ICO”) stopped by the SEC earlier this year have been ordered in federal court to pay nearly $2.7 million and prohibited from... Read More →

SEC Warns That Scammers May Try to Take Advantage of California Wildfires On November 29, 2018, the SEC’s Office of Investor Education and Advocacy issued an investor alert warning investors, including individuals who may receive lump sum payouts from insurance... Read More →

On November 8, 2018, the Commodity Futures Trading Commission (“CFTC”) announced that it issued an Order filing and simultaneously settling charges against Commerzbank AG (Commerzbank) for numerous violations of the Commodity Exchange Act (“CEA”) and CFTC Regulations, including failing to supervise its... Read More →

On November 8, 2018, the Securities and Exchange Commission announced settled charges against Zachary Coburn (“Coburn”), the founder of EtherDelta, a digital “token” trading platform. This is the SEC’s first enforcement action based on findings that such a platform operated as an... Read More →

On November 7, 2018, the Securities and Exchange Commission announced that Citibank N.A. has agreed to pay $38.7 million to settle charges of improper handling of “pre-released” American Depositary Receipts (“ADRs”). According to the SEC, ADRs – U.S. securities that... Read More →

On November 7, 2018, the Securities and Exchange Commission announced that ITG Inc. and its affiliate, AlterNet Securities Inc., have agreed to pay $12 million to settle charges arising from ITG’s misstatements and omissions about the operation of the firm’s... Read More →

On October 11, 2018, the Securities and Exchange Commission announced that it obtained an emergency court order halting a planned initial coin offering (“ICO”), which backers falsely claimed was approved by the SEC. The order also halted ongoing pre-ICO sales by... Read More →

On October 3, 2018, the Securities and Exchange Commission announced that it filed an emergency action and obtained an asset freeze against two individuals and their companies in a scheme that generated more than $165 million of illegal sales of... Read More →

Salix and Its Former CFO Charged with Repeatedly Misleading Analysts and Investors On September 28, 2018, the Securities and Exchange Commission announced that it charged Salix Pharmaceuticals Ltd. (“Salix”) and its former CFO with repeatedly misleading analysts and investors about... Read More →

Musk Required to Step Down as Tesla’s Chairman as Part of Settlement; Tesla to Appoint Additional Independent Directors; Tesla and Musk Agree to Pay $40 million in Penalties On September 29, 2018, the Securities and Exchange Commission announced that Elon... Read More →

On September 27, 2018, the Securities and Exchange Commission announced that it filed charges against an international securities dealer and its Austria-based CEO for allegedly violating the federal securities laws in connection with security-based swaps funded with bitcoins.   According to... Read More →

On September 28, 2018, the Securities and Exchange Commission announced that it charged Elon Musk, CEO and Chairman of Silicon Valley-based Tesla Inc., with securities fraud for a series of false and misleading tweets about a potential transaction to take Tesla... Read More →