Our in-brief roundup of notable stories from the last week.
SDNY
SDNY said after a company self-reports, it will issue a conditional letter stating intent to decline prosecution, if certain criteria are met.
The former SEC leader said he wants to offer “real benefits” to those committed to turning over bad actors and resolving matters quickly.
Reported charges included selling pre-IPO shares the defendants did not possess, undisclosed fees, and mixing investor funds.
The indictment charging Wander with wire fraud, securities fraud and conspiracy to commit those crimes was unsealed Thursday in federal court in Manhattan.
US Attorney’s Office in Florida seeks to incentivize individuals and their counsel to provide timely reporting on non-violent criminal conduct.
The SEC is eying bold claims made by AI startups and investors about AI capabilities, and this AI-washing case is a prime example.
Last week, SEC and SDNY announced charges in separate insider trading cases, alleging securities fraud and other related violations.