Markets

Software Engineer Traded, Tipped Friend of Company’s Acquisition Plans Washington D.C. — The Securities and Exchange Commission today announced insider trading charges against David Roda, a former software engineer at Penn National Gaming’s subsidiary Penn Interactive Ventures, in connection with the parent company’s $2 billion acquisition of Toronto-based Score Media and Gaming, Inc. The SEC’s complaint, filed in federal district court...

Washington D.C. — The Securities and Exchange Commission today charged Richmond, California resident Tilila Walker Sumchai with raising approximately $11.8 million from more than 1,000 investors through a fraudulent securities offering targeting members of the Tongan American community across the United States. According to the SEC’s complaint, from approximately January 2021 through October 2021, Sumchai convinced retail investors to acquire...

Rule 506 of Reg D Real Estate and the benefits of the CARES Act Investing can be very profitable when one does their research, and an important form of investing is Regulation D. IN THIS ARTICLE, WE ARE GOING TO REVIEW REGULATION D, THE JOBS ACT, BRIEFLY OUTLINE THE BENEFITS OF THE CARES ACT IN RESPONSE TO THE RECENT CORONAVIRUS AGENDA. WE...

Washington D.C. — The Securities and Exchange Commission today announced charges and an asset freeze against several Las Vegas-area individuals and companies allegedly behind a nearly half-billion dollar Ponzi scheme involving purported personal injury settlements. The SEC charged certain defendants with violations of the antifraud provisions of the federal securities laws, certain individual defendants with acting as unregistered brokers,...

Former CEO Agrees to Settle to Same Charges and Pay $1 Million The Securities and Exchange Commission today charged The Boeing Company and its former CEO, Dennis A. Muilenburg, with making materially misleading public statements following crashes of Boeing airplanes in 2018 and 2019. The crashes involved Boeing’s 737 MAX airplane and a flight control function called the Maneuvering Characteristics...

Vivakor Oil Remediation Vivakor’s technology and processes are conducted with no water and very low energy or environmental impact. In fact, the oil sands technology is being applied to parts of the world that need remediation of oil spills and therefore contributing to improving the environment. http://vivakor.com/  

Hemp-Derived CBD Company to Benefit From Multiple Industry Trends The cannabis industry is growing worldwide and cannabidiol (CBD) is a huge part of its success. In the U.S., the most positive estimates predict that the hemp-derived CBD market alone could reach $22 billion by 2022. This expected growth will be spurred, in part, by the legalization of hemp-derived CBD via...

SEC’s Investment Rule Updates and Cannabis Fundraising Recently the SEC updated its rules to simplify the patchwork of regulations to help companies in fundraising mode. This matters to cannabis companies of all types, especially those that want to utilize the available federal exemptions in their securities offerings. In the SEC’s own words, “These amendments will promote capital formation and expand investment opportunities while...

Washington D.C. — The Securities and Exchange Commission this week announced that it has extended the public comment period on the proposed rulemaking to enhance and standardize climate-related disclosures for investors until June 17, 2022. The SEC also announced that it will reopen the comment periods on the proposed rulemaking to enhance private fund investor protection and on the...

How Does a Gold IRA Work? A Gold IRA works exactly like any retirement account with the added benefit that it provides you more control over your investment to include physical gold coins and bars and other IRS approved silver, platinum and palladium metals. Similar to any retirement account, with your Gold IRA or Custom Precious Metals IRA, you will be...