SEA 1934 Rule 10b-5

The defendants allegedly defrauded investors and client funds in connection with investments in pre-IPO shares while charging millions in undisclosed fees.

Disciplinary decisions issued June 12 – 26, 2026.

In parallel enforcement actions, the DOJ and SEC have charged an analyst with two counts each of securities fraud for trading on nonpublic information.

An SEC action against RYVYL, Inc, underscores how overstated claims about blockchain capabilities, coupled with omitted risk disclosures, can translate into antifraud liability even when wrapped in the language of innovation.

Anthony J Cataldo, who was accused of diverting millions in company funds, agreed to settle fraud allegations for a fraction of the amount regulators say he stole.

Two cases demonstrate a focus on clear antifraud violations supported by strong data trails and involving conduct with direct investor harm.

The CFTC asserts itself in previously murky regulatory waters.

The SEC’s complaint alleges the company’s investors were misled about product testing and cybersecurity, and its CEO’s previous criminal history.