News

SEC Charges Individuals in a $500 Million Ponzi Scheme

By Christopher D. Warren / April 19, 2022
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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…

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The Latest in SEC vs. Ripple Labs Investigation

By Christopher D. Warren / April 13, 2022
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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…

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SEC Charges Siblings for Crypto Fraud

By Christopher D. Warren / April 12, 2022
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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…

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Chris Warren & Todd Kulkin recognized as Super Lawyers “2022 Rising Stars”

By Warren Law Group / April 11, 2022
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Congratulations to Christopher Warren, Managing Partner, and Todd Kulkin, Partner and Chair of Corporate Division, for being selected as part of the Super Lawyers 2022 Rising Stars list in the New York Metro Area. This year is Chris’ first selection as a Super Lawyer, and Todd has been selected every year since 2014. Super Lawyers is a…

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Let’s Learn From Martha Stewart

By David Rosenfield / April 7, 2022
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How to Properly Handle Witness Proffers in Criminal and Regulatory Investigations David Rosenfield When you think of Martha Stewart, do you think of cooking shows or white collar criminal cases? Martha Stewart’s case is one of the more infamous and recent to come to mind for most regulatory attorneys. Stewart participated in what’s known as…

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WLG’s FINRA Award for Compensatory and Punitive Damages Makes Headlines

By Warren Law Group / April 6, 2022
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Last week, Warren Law Group secured a $175,000 award in compensatory and punitive damages for our client in regards to a defamatory U5 filing. Jon-Jorge Aras, Partner and Chair of Securities Litigation knew this was going to be an uphill battle as he was up against a high-profile brokerage firm, Commonwealth. This significant case was…

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SEC Investigating Activision Blizzard for Alleged Insider Trading

By Christopher D. Warren / April 5, 2022
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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…

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Spac vs Ipo blocks on blue background

SEC Proposed New Amendments for SPACs

By Christopher D. Warren / April 1, 2022
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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…

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Jon-Jorge Aras - Partner

Jon-Jorge Aras Secures $175K For U5 Defamation in FINRA Arbitration

By Jon-Jorge Aras / March 30, 2022
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Jon-Jorge Aras, Partner and Chair of Securities Litigation at Warren Law Group, secured an award and expungement for our client, a broker, who was wrongfully terminated and defamed in a malicious U5 statement. The arbitrators found that punitive and compensatory damages were appropriate given the willful misconduct of the Respondents. If you are a broker…

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