September 20, 2022/US SEC The Securities and Exchange Commission today announced charges against Morgan Stanley Smith Barney LLC (MSSB) stemming from the firm’s extensive failures, over a five-year period, to protect the personal identifying information, or PII, of approximately 15 million customers. MSSB has agreed to pay a $35 million […]
Frauds & Scandals
Sparkster to Pay $35 Million to Harmed Investor Fund for Unregistered Crypto Asset Offering
Crypto Asset Promoter Ian Balina Charged for Touting Tokens Without Disclosing Compensation September 19, 2022/US SEC The Securities and Exchange Commission today issued a cease-and-desist order against Sparkster Ltd. and its CEO, Sajjad Daya, for the unregistered offer and sale of crypto asset securities from April 2018 through July 2018 […]
SEC Charges Promoter and Companies with $4 Million Fraud
September 15, 2022/US SEC The Securities and Exchange Commission today filed fraud charges against Gabriel Edelman and his affiliated entities, Creative Advancement LLC and Edelman Blockchain Advisors LLC, for fraudulently raising funds and misappropriating funds from investors. The SEC’s complaint alleges that, between February 2017 and May 2021, Edelman, through […]
