Wall Street attorney Jay Clayton, President Donald Trump’s pick to head the U.S. Securities and Exchange Commission, has vowed to recuse himself from agency matters involving his law firm and former clients, according to an ethics agreement made public on Wednesday. Under the agreement, the Sullivan & Cromwell attorney will not participate in SEC matters involving the firm for one year.
Category: US Securities and Exchange Commission
U.S. brings charges over Ponzi scheme, ‘Hamilton’ tickets fraud
U.S. authorities on Friday unveiled criminal charges against two men accused of helping operate a hedge fund as a Ponzi scheme and of swindling investors in a ticket-reselling business for popular events, including the smash Broadway musical “Hamilton.” Joseph Meli, who ran the ticket business, and Steven Simmons, the head of an alternative investments at Sideris Capital Partners, were arrested on Friday on securities fraud and wire fraud charges brought by Manhattan federal prosecutors.
Lawsuit for Investors in Shares of Ally Financial Inc (NYSE:ALLY)…
An investor in shares of Ally Financial Inc filed a lawsuit in Michigan over alleged Securities Laws violations by Ally Financial Inc in connection the company’s April 11, 2014 initial public offering. Investors who purchased shares of Ally Financial Inc have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.