Author Archive: Christopher D. Warren

FINRA Regulatory Notice Regarding Complex Products

By Christopher D. Warren / April 26, 2022
Posted in

FINRA has released a new regulatory notice “reminding members of their sales practice obligations for complex products and options and to solicit comments on effective practices and rule enhancements.” Many ETF shareholders are wary of this new notice, stating that it is vague and has the potential to prevent innovation and investor recommendations. However, FINRA…

Read More

Morgan Stanley in FINRA Arbitration Against Investment Firm

By Christopher D. Warren / April 21, 2022
Posted in

Disruptive Technologies, an investor with Morgan Stanley, alleged the firm leaked information regarding a large sale of Palantir Technology shares. The SEC and DOJ are looking into whether Wall Street firms, such as Morgan Stanely, favored specific clients by giving them inside information in block trades. Allegedly, the leak cost Disruptive Technologies tens of millions…

Read More

SEC Charges Individuals in a $500 Million Ponzi Scheme

By Christopher D. Warren / April 19, 2022
Posted in

Last week, the SEC charged several individuals in a half a billion-dollar Ponzi Scheme that involved investing in personal injury settlements. The SEC charged the defendants with fraud and acting as unregistered brokers “selling” unregistered securities. Christopher Warren, Managing Partner at Warren Law Group states, “Even post-Madoff, a Ponzi Scheme is a popular confidence con…

Read More

The Latest in SEC vs. Ripple Labs Investigation

By Christopher D. Warren / April 13, 2022
Posted in

In the Ripple Labs vs. SEC investigation, it seems that each week there is an update on the case. Yesterday, the most recent news broke, and Ripple is claiming it to be “a very big win.”  Judge Sarah Netburn denied the SEC’s request to reconsider hiding documents under privilege related to a June 2018 speech…

Read More

SEC Charges Siblings for Crypto Fraud

By Christopher D. Warren / April 12, 2022
Posted in

The Securities and Exchange Commission (SEC) recently charged two siblings with defrauding thousands of investors out of approximately $125 million through unregistered securities offerings involving a digital token.  According to the complaint, the siblings were selling the digital token, Ormeus Coin, on crypto trading platforms. The defendants utilized social media to falsely claim that Ormeus…

Read More

SEC Investigating Activision Blizzard for Alleged Insider Trading

By Christopher D. Warren / April 5, 2022
Posted in

Activision Blizzard and its CEO, Bobby Kotick are not only in hot water for the sexual assault allegations within the company, but they are now being investigated by the DOJ and the SEC for potential insider trading. Days before Activision agreed to be purchased by Microsoft for $95 a share, three media moguls, Alexander von…

Read More
Spac vs Ipo blocks on blue background

SEC Proposed New Amendments for SPACs

By Christopher D. Warren / April 1, 2022
Posted in

The SEC has recently proposed various new rules surrounding disclosure and investor protection requirements for SPACs. These rules will ultimately make it harder for SPACs to generate revenue from investors by further disclosing information regarding business combination transactions between SPACs and private operating companies, including disclosures relating to the fairness of these transactions. The overall…

Read More
Senators plan regulatory guidelines for crypto

Senators Plan Regulatory Guidelines for Crypto

By Christopher D. Warren / March 28, 2022
Posted in

Senators Kirsten Gillibrand (D-NY) and Cynthia Lummis (R-WY) are developing crypto’s first bipartisan bill surrounding regulatory guidelines. The debate between which government regulatory agency, the Securities and Exchange Commission (SEC) or the Commodities Futures Trading Commission (CFTC), will control cryptocurrency has been hot in all things blockchain-related. Previous bills regarding regulatory frameworks have been split…

Read More

SEC Charges School District, CFO, and Auditor with Fraud

By Christopher D. Warren / March 22, 2022
Posted in

The SEC recently charged a school district in Texas and its former CFO, Carla Merka, with fraud in a $20 million bond sale. This investigation is especially notable because not only were the two main parties involved charged but Merka’s auditor, Shelby Lackey, was also charged with fraud. Lackey “failed to obtain sufficient appropriate audit…

Read More