Firms admit to wrongdoing and agree to pay penalties totaling more than $49 million to settle SEC charges September 4, 2024/US SEC The Securities and Exchange Commission today announced charges against six nationally recognized statistical rating organizations, or NRSROs, for significant failures by the firms and their personnel to maintain […]

September 4, 2024/US SEC The Securities and Exchange Commission today charged Black Dragon Capital, LLC (“Black Dragon Capital”), Black Dragon Capital Investment Management, LLC a/k/a Black Dragon Capital Investment Management, Inc. (“Black Dragon CIM”) (collectively, “Black Dragon Entities”), advisers to private funds, and their CEO, Louis Hernandez, Jr. (“Hernandez”), alleging […]

September 4, 2024/US SEC Today, the Securities and Exchange Commission charged Miami-area residents Francisco Javier Malave Hernandez (“Malave”) and Ricardo Javier Guerra Farias (“Guerra”) and a company Malave controlled with defrauding investors who purchased approximately $5 million in promissory notes. Most of the investors are members of the Venezuelan-American community […]