The SEC’s complaint is running parallel to action brought by the US Attorney’s Office for the Eastern District of Virginia, which arraigned Ramil Palafox on criminal charges. According to an ...

Revenues still haven't been distributed to investors, the complaint says. In addition to the DOJ's charges, the SEC is asking a judge in the District Court for the Southern District of New York ...

Earlier this year, Merrill Lynch and two advisory affiliates of Wells Fargo paid a combined $60 million to settle SEC charges involving their own sweep programs. The SEC alleged those firms ...

The parallel DOJ and SEC actions show how exaggerated claims about AI capabilities – a practice that is commonly referred to as “AI washing” – can lead to an array of charges and potential ...

that saw Nova Labs pay a $200,000 fine to settle civil securities fraud charges, and the SEC dropped its claims that Helium (HNT) and other related tokens were securities. In his letter to ...

A court had dismissed the SEC’s fraud charges against Heart on Feb. 28. Heart announced on X that HEX had obtained a victory very few crypto projects could boast: “Richard Heart, PulseChain ...