Securities and Exchange Commission

SEC News: Elon Musk Settles SEC Fraud Charges – Tesla Charged With and Resolves Securities Law Charge

Settlement Requires Musk to Step Down as Tesla’s Chairman; Tesla to Appoint Additional Independent Directors; Tesla and Musk Agree to Pay $40 Million in Penalties Washington D.C. – The Securities and Exchange Commission announced September 29th that Elon Musk, CEO and Chairman of Silicon Valley-based Tesla Inc., has agreed to settle the securities fraud charge brought … Continue reading SEC News: Elon Musk Settles SEC Fraud Charges – Tesla Charged With and Resolves Securities Law Charge

South Carolina News: Greenwood Investment Advisor, Melvin Leonard Wimmer Sentenced to Prison

Columbia, South Carolina – United States Attorney Sherri Lydon stated today that Melvin Leonard Wimmer, Jr., age 53, of Greenwood, South Carolina was sentenced in federal court in Greenville, South Carolina, for Securities Fraud. Senior United States District Judge Henry Herlong, of Greenville, sentenced Wimmer to 75 months imprisonment and 5 years Supervised Release. The court … Continue reading South Carolina News: Greenwood Investment Advisor, Melvin Leonard Wimmer Sentenced to Prison

Using a Self-Directed IRA for Private Placement Investments Continues to Grow in Popularity, According to IRA Financial Group

NEW YORK/ SEPTEMBER 24, 2018 (STL.News) IRA Financial Group & IRA Financial Trust Company, a leading financial technology self-directed IRA provider & custodian, has seen growing demand from self-directed IRA investors looking to use retirement funds to make private placement investments into private businesses. The strong demand comes in the backdrop of news surfacing that … Continue reading Using a Self-Directed IRA for Private Placement Investments Continues to Grow in Popularity, According to IRA Financial Group

Capital Bancorp, Inc. Announces Initial Public Offering of Common Stock

ROCKVILLE, MD./ SEPTEMBER 17, 2018 (STL.News) Capital Bancorp, Inc. (“Capital” or the “Company”), the bank holding company for Capital Bank, National Association, today announced the launch of its initial public offering of common stock. Capital intends to offer 1,500,000 shares of its common stock and selling shareholders intend to offer 728,736 shares of common stock. … Continue reading Capital Bancorp, Inc. Announces Initial Public Offering of Common Stock

NEW YORK | Stocks tumble as investors fret about China’s growth

NEW YORK— Deepening worries about global economic growth, particularly in China, set off a rout in riskier assets including technology stocks, copper and crude oil Wednesday. U.S. retailers took a drubbing after Macy’s reported weaker sales. An unexpected drop in profits for Chinese tech giant Tencent surprised investors and added to some recent concerns about … Continue reading NEW YORK | Stocks tumble as investors fret about China’s growth

SEC News: SEC Charges U.S. Congressman, Christopher Collins and Others With Insider Trading

WASHINGTON, D.C. – The Securities and Exchange Commission Wednesday announced the filing of insider trading charges against Congressman Christopher Collins, the U.S. Representative for New York’s 27th Congressional District, his son, Cameron Collins, and a third individual, Stephen Zarsky.  In a parallel action, the U.S. Attorney’s Office for the Southern District of New York Wednesday announced … Continue reading SEC News: SEC Charges U.S. Congressman, Christopher Collins and Others With Insider Trading

WASHINGTON | Report: ‘Law and order’ Trump soft on corporate offenders

WASHINGTON — While Donald Trump has positioned himself as a tough, “law and order” president, he has mostly excluded one group of offenders from his sights: those of the corporate class, according to a report released Wednesday by Washington-based watchdog Public Citizen. The report found that in 11 of the 12 federal agencies led by … Continue reading WASHINGTON | Report: ‘Law and order’ Trump soft on corporate offenders

FS/KKR Announces Agreement to Merge FS Investment Corporation and Corporate Capital Trust

PHILADELPHIA and NEW YORK/ July 23, 2018 (STL.News) — FS/KKR Advisor, LLC, a partnership between FS Investments and KKR Credit Advisors (US) LLC (FS/KKR), today announced that FS Investment Corporation (NYSE: FSIC) and Corporate Capital Trust, Inc. (NYSE: CCT) have entered into a definitive agreement under which FSIC and CCT will be merged. The combined … Continue reading FS/KKR Announces Agreement to Merge FS Investment Corporation and Corporate Capital Trust