archiveSecurities and Exchange Commission

Federal prosecutors charged a San Francisco real estate investment manager with executing a Ponzi scheme that cost investors at least $46M.  Kenneth Mattson was scheduled for his first hearing Friday at the Phillip Burton Federal Building in San Francisco. Kenneth Mattson, the former CEO of LeFever Mattson, is charged with defrauding approximately 200 investors by selling fake ownership stakes into apartment properties that he partially owned. The scheme lasted from 2007 to 2024 before ultimately unraveling after he failed to find new investors.  “Mr. Mattson will now be held to...

Not long after President Trump took office, Coinbase, the largest U.S. cryptocurrency exchange, got some good news: The Securities and Exchange Commission was dropping a lawsuit that had accused the company of illegally marketing digital currencies to the public.But that case may not be the end of the company’s legal troubles.The S.E.C. has also been investigating whether Coinbase misstated its user numbers in past disclosures — an inquiry that began during the Biden administration and has continued under Mr. Trump, according to four people familiar with it.The investigation, which has...

President Bola Tinubu has assented to the Investments and Securities Act (ISA) 2025, which repeals the Investments and Securities Act No. 29 of 2007. This landmark legislation strengthens the legal framework of the Nigerian capital market, enhances investor protection and introduces critical reforms to promote market integrity, transparency and sustainable growth. This is according to a statement issued by the Securities and Exchange Commission (SEC) on Saturday. The enactment of the ISA 2024 reaffirms the authority of the SEC as the highest regulatory authority of the Nigerian Capital Market. The...