- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Kyle Brasseur2023-09-13T15:56:00
Yieldstreet and its investment adviser affiliate Yieldstreet Management agreed to pay more than $1.9 million as part of a settlement with the Securities and Exchange Commission (SEC) addressing allegations the firm did not disclose heightened risks regarding a $14.5 million asset-backed securities offering.
Yieldstreet, which is based in New York, was fined $1 million, in addition to agreeing to pay nearly $900,000 in disgorgement and approximately $50,000 in prejudgment interest. The SEC said in its order the disgorgement total would be offset by about $600,000 related to actions the firm will undertake to forego collection of a fee receivable.
In September 2019, Yieldstreet offered securities to finance the deconstruction of retired ships.
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2023-09-28T17:45:00Z By Jeff Dale
Texas-based cybersecurity company Intrusion was charged with fraud by the Securities and Exchange Commission regarding alleged materially false and misleading statements made by its former chief executive.
2023-09-13T15:39:00Z By Jeff Dale
Government healthcare services corporation Maximus settled with the Securities and Exchange Commission for allegedly failing to disclose an executive’s two siblings were also employed by the company and received annual compensation of more than $120,000.
2023-09-13T14:24:00Z By Kyle Brasseur
Virtu Financial and its broker-dealer affiliate Virtu Americas face a lawsuit filed by the Securities and Exchange Commission alleging the company misled its customers regarding its safeguards to protect their information contained in its trading business database.
2025-05-22T14:37:00Z By Aaron Nicodemus
The Federal Trade Commission has ordered web hosting company GoDaddy to implement a “robust” information security program following at least three data breaches that the agency said were aided by lax cybersecurity measures.
2025-05-20T12:30:00Z By Oscar Gonzalez
The U.S. Federal Trade Commission (FTC) took action against a pair of student loan debt relief companies for allegedly deceiving borrowers. The move came despite the Trump administration’s broader efforts to roll back enforcement actions against businesses since taking office.
2025-05-16T19:24:00Z By Oscar Gonzalez
After dismissing its lawsuit against the crypto exchange Coinbase in March, a second investigation into the exchange by the Securities and Exchange Commission has surfaced, according to a report from the New York Times. This comes as a bit of a surprise after the Trump administration has been scaling down ...
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