According to the Justice Department, Jeffrey N. Crossland conspired to defraud four churches and a real estate development company of more than $3.5 million.

The Crypto Asset and Cyber Unit will increase to 50 positions; Commissioner Hester Peirce questioned why the commission was 'leading with enforcement in crypto?'

The team, previously known as the Cyber Unit, has brought more than 80 enforcement actions since its inception in 2017.

FINRA’s latest Industry Snapshot reflects the continued shift away from commission business toward advisory.

According to the commission, Alexandra H. Cock and her firm, Wealth Plus, raised more than $2.5 million in securities in two real estate investment management companies that defrauded investors of millions of dollars.

Hwang, the billionaire behind Archegos Capital Management, is facing 380 years in prison.

James Iannazzo was granted entry into an accelerated rehabilitation program which places him under supervision for one year, after which the charges against him will be dismissed.

The $3.6 billion HighPoint Advisor Group agreed to pay more than $760,000 and will also help return funds to harmed clients, according to the SEC order.

The commission argued that ARS Capital Advisors failed to deliver the disclosure document to clients by the June 2020 deadline.

A federal judge denied the SEC's appeal for summary judgment, arguing the regulator has not shown CapWealth made any 'material misstatement or omission.'