The Securities and Exchange Commission (SEC) has ramped up enforcement in recent years, a trend that has continued unabated in 2024. The SEC recently released its enforcement results for fiscal year 2024, revealing both setbacks and milestones. While the agency initiated only 583 actions—a 26% drop from FY 2023—it achieved a historic $8.2 billion in financial remedies, the highest ever

On June 27, 2024, the U.S. Supreme Court issued a pivotal ruling in SEC v. Jarkesy that will significantly reshape securities enforcement. As outlined below, it already has. In a 6-3 decision, the Court ruled that the Securities and Exchange Commission’s (“SEC”) use of in-house tribunals to resolve securities fraud cases violated the U.S. Constitution, affirming a defendant’s right to

When the federal government launched financial aid programs during the COVID-19 pandemic such as the Paycheck Protection Program  (“PPP”) and the Economic Injury Disaster Loan Program (“EIDL”), many in the blogosphere and media predicted that South Florida, with its rich history of healthcare and many other fraudulent “get-rich-quick” schemes, would soon become the epicenter of COVID-19 fraud.  In 2022, the

Fridman Fels & Soto, PLLC is pleased to announce that Santiago Andrés Nieto, an Argentine lawyer specializing in Litigation, Arbitration, Compliance, Bankruptcy, and White-Collar Criminal Defense, has joined FFS for one year as an International Law Clerk. Santiago is a senior associate with the highly regarded Argentinean law firm of Tavarone, Rovelli, Salim & Miani. Santiago will be working with

In a CBS News article on cases brought in the wake of the January 6 riot on the U.S Capitol, partner Adam Fels observed that prosecutors referenced a defendant’s stated understanding of President Trump’s future participation in the riot in an effort to justify that defendant’s pretrial detention. See the…