Sec Violations Database

The violations happened in 2014 and 2015 and some violations went undetected until 2016 or later.

Sec violations database. Securities and exchange commission sec charged two crypto startups and eight individuals including rapper clifford harris jr more commonly known as t i with violating the securities act of 1933 and other charges due to their involvement with a pair of initial coin offerings icos. Iapd provides information on investment adviser firms regulated by the sec and or state securities regulators. According to the sec s complaint inter alia the company paid outside marketing firms to enhance the profile of its mobile app by downloading it from an online vendor and when the company stopped paying for downloads in august 2016 shareholders were. The sec s auditor independence rules specifically prohibit audit firms from providing certain non audit services said carolyn welshhans associate director of the sec s division of enforcement in a statement.

Securities and exchange commission sec is an independent agency of the united states federal government the sec holds primary responsibility for enforcing the federal securities laws proposing securities rules and regulating the securities industry which is the nation s stock and options exchanges and other activities and organizations including the electronic securities. Exchanges and their subsidiaries. Your search results will only include individuals charged in sec administrative proceedings filed between october 1 1995 and may 1 2020 and sec federal court actions filed between october 1 2005 and may 1 2020. Violations of securities laws can include insider trading selling unregistered securities stealing securities or manipulating share prices alon beck said.

The securities enforcement empirical database seed tracks and records information for sec enforcement actions filed against public companies traded on major u s. For more information on historical sec violations where the sanctions exceeded the program s 1 million threshold please see our sanctions database. This search feature allows you to look up information about individuals who have been named as defendants in sec federal court actions or respondents in sec administrative proceedings. For background on securities laws common violations and enforcement actions read our securities law primer.

Created by the nyu pollack center for law business in cooperation with cornerstone research seed facilitates the analysis and reporting of sec enforcement actions through regular updates of new.