Tuesday - March 18, 2025
Federal Regulatory Agencies

Documents from federal regulatory agencies ranging from the Securities Exchange Commission to the Commodities Futures Trading Commission.

Featured Stories

SEC Obtains Final Judgment Against Texas Oil & Gas Promotor, His Companies in Offering Fraud Scheme
WASHINGTON, March 18 -- The Securities and Exchange Commission issued the following litigation release (No. 3:13-cv-04861-K; N.D. Tex. filed Dec. 12, 2013) involving Arcturus Corp., Aschere Energy LLC and Leon Ali Parvizian aka Alex Parvizian:

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On January 28, 2025, the U.S. District Court for the Northern District of Texas entered a final judgment against Defendants Leon Ali Parvizian a/k/a Alex Parvizian ("Parvizian") and his two Dallas-based companies, Arcturus Corporation and Aschere Energy LLC (together, "the Parvizian Defendants"). The entry of the final judgment resolves all claims ... Show Full Article

SEC Charges New Jersey Investment Adviser, His Firm With Fraud and Other Violations
WASHINGTON, March 18 -- The Securities and Exchange Commission issued the following litigation release (No. 2:25-cv-01920; D.N.J. filed Mar. 17, 2025) involving Upright Financial Corp. and David Yow Shang Chiueh:

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Today, the Securities and Exchange Commission announced that it has filed charges against David Yow Shang Chiueh of East Hanover, New Jersey and his investment advisory firm, Upright Financial Corp., for misconduct and for investing more than 25 percent of Upright Growth Fund's assets in a single company over multiple years, causing losses of $1.6 million.

In November 2021, Chiueh ... Show Full Article

SEC Charges New Jersey Investment Adviser and His Firm With Fraud and Other Violations
WASHINGTON, March 18 -- The Securities and Exchange Commission issued the following news release:

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SEC Charges New Jersey Investment Adviser and His Firm with Fraud and Other Violations

Defendants disregarded their 2021 settlement and continued their fraud unabated, causing $1.6 million in harm to their fund and the fund's retail investors

Washington D.C., March 17, 2025 -- The Securities and Exchange Commission today announced that it has filed charges against David Yow Shang Chiueh of East Hanover, New Jersey and his investment advisory firm, Upright Financial Corp., for misconduct and ... Show Full Article

SEC Charges Ex-Public Company CFO With Lying to Auditors and Falsifying Records
WASHINGTON, March 18 -- The Securities and Exchange Commission issued the following litigation release (No. 1:25-cv-02155; S.D.N.Y. filed Mar. 14, 2025) involving Glen Leibowitz:

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On March 14, 2025, the Securities and Exchange Commission filed charges against Glen Leibowitz, a New York-licensed CPA and the former chief financial officer (CFO) of Acreage Holdings, Inc., for allegedly lying to Acreage's auditor and falsifying Acreage's accounting records.

According to the SEC's complaint, Leibowitz's violations arise from a round-trip transfer of cash between Acreage and an affiliated entity ... Show Full Article

SEC Chair Uyeda Issues Remarks to the Investment Company Institute's 2025 Investment Management Conference
WASHINGTON, March 18 -- The Securities and Exchange Commission issued the following remarks by Mark T. Uyeda, Acting Chairman:

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Remarks to the Investment Company Institute's 2025 Investment Management Conference

Mark T. Uyeda, Acting Chairman

I. Introduction

Thank you, Paul [Cellupica], for the thoughtful introduction and I appreciate the invitation to address the ICI's 2025 Investment Management Conference. First, I'd like to congratulate Dorothy Donohue on her well-earned retirement. Dorothy has had an impressive career spanning both public and private service, with a deep knowledge ... Show Full Article

FMC Launching Examination of Global Maritime Chokepoints
WASHINGTON, March 18 -- The Federal Maritime Commission issued the following news release:

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FMC Launching Examination of Global Maritime Chokepoints

The Federal Maritime Commission is gathering information about seven international maritime chokepoints to identify any regulations, policies, or practices that create unfavorable shipping conditions.

The seven chokepoints being examined are: the Northern Sea Passage, the English Channel, the Malacca Strait, the Singapore Strait, the Strait of Gibraltar, the Panama Canal, and the Suez Canal.

The review is initiated with an opportunity for ... Show Full Article

EEOC Acting Chair Andrea Lucas Sends Letters to 20 Law Firms Requesting Information About DEI-Related Employment Practices
WASHINGTON, March 18 -- The Equal Employment Opportunity Commission issued the following news release on March 17, 2025:

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EEOC Acting Chair Andrea Lucas Sends Letters to 20 Law Firms Requesting Information About DEI-Related Employment Practices

WASHINGTON - Today, U.S. Equal Employment Opportunity Commission (EEOC) Acting Chair Andrea Lucas sent letters to 20 law firms requesting information about their diversity, equity and inclusion (DEI) related employment practices.

Based on publicly available information, the letters note concerns that some firms' employment practices, including ... Show Full Article