Securities Law

SEC Charges Avraham Eisenberg with Manipulating Mango Markets’ “Governance Token” to Steal $116 Million of Crypto Assets

January 20, 2023

The Securities and Exchange Commission today charged Avraham Eisenberg with orchestrating an attack on a crypto asset trading platform, Mango Markets, by manipulating the MNGO token, a so-called governance token that was offered and sold as a security.… Full report at: Read More

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SEC Seeks Candidates for Small Business Capital Formation Advisory Committee

January 20, 2023

The Securities and Exchange Commission is seeking candidates for appointment to the Small Business Capital Formation Advisory Committee to provide advice and recommendations on Commission rules, regulations, and policy matters relating to small… Full report at: Read More

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Nexo Agrees to Pay $45 Million in Penalties and Cease Unregistered Offering of Crypto Asset Lending Product

January 19, 2023

The Securities and Exchange Commission today charged Nexo Capital Inc. with failing to register the offer and sale of its retail crypto asset lending product, the Earn Interest Product (EIP). To settle the SEC’s charges, Nexo agreed to pay a $22.5… Full report at: Read More

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John Mark Marino, Jason “Jai” Johnson, Abraham Borenstein, and Anthony Brown

January 19, 2023

SEC Charges Four Individuals for Their Roles in a Prime Bank Fraud Read the full report at Read More

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Caroline Ellison and Zixiao “Gary” Wang

January 19, 2023

SEC Charges Caroline Ellison and Gary Wang with Defrauding Investors in Crypto Asset Trading Platform FTX Read the full report at Read More

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SEC Awards Approximately $18 Million to Three Whistleblowers

January 19, 2023

The Securities and Exchange Commission today announced three awards totaling approximately $18 million to three whistleblowers whose information and assistance led to a successful enforcement action. The first whistleblower provided the SEC with… Full report at: Read More

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Samuel Bankman-Fried

January 19, 2023

Defendant Concealed His Diversion of FTX Customers’ Funds to Crypto Trading Firm Alameda Research While Raising More Than $1.8 Billion from Investors Read the full report at Read More

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Todd Zinkwich

January 17, 2023

SEC Obtains Judgment Against Florida Man in Microcap Fraud Read the full report at Read More

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SEC Announces Departure of Renee Jones; Erik Gerding Named Director of Division of Corporation Finance

January 17, 2023

The Securities and Exchange Commission today announced that Renee Jones, Director of the Division of Corporation Finance, will depart the agency to return to her faculty position at Boston College Law School, effective Feb. 3, 2023. Erik Gerding,… Full report at: Read More

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Neil S. Chandran, Garry J. Davidson, Michael T. Glaspie, Linda C. Knott, Amy S. Mossel, AEO Publishing Inc., Banner Co-Op, Inc., and BannersGo, LLC

January 5, 2023

SEC Charges Creator of Coindeal Crypto Scheme and Seven Others in Connection with $45 Million Fraud Read the full report at Read More

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