Broker-dealer to pay more than $2.2 million for violating Reg BI February 16, 2024/US SEC The Securities and Exchange Commission today announced that registered broker-dealer TIAA-CREF Individual & Institutional Services LLC (TC Services), a subsidiary of Teachers Insurance and Annuity Association of America (TIAA), will pay more than $2.2 million […]
Frauds & Scandals
SEC Charges Van Eck Associates for Failing to Disclose Influencer’s Role in Connection with ETF Launch
February 16, 2024/US SEC The Securities and Exchange Commission today announced that registered investment adviser Van Eck Associates Corporation has agreed to pay a $1.75 million civil penalty to settle charges that it failed to disclose a social media influencer’s role in the launch of its new exchange-traded fund (ETF). […]
SEC Obtains Final Judgment Against Massachusetts Resident in $1.6 Million Securities Fraud
February 12, 2024/US SEC On February 8, 2024, the Securities and Exchange Commission obtained final judgments against John Feloni and his company Stock Squirrel, Inc. Among other things, the judgments order payment of over $2 million in disgorgement of ill-gotten gains, prejudgment interest, and civil penalties to be paid variously […]
