He Built a $10 Billion Investment Firm. It Fell Apart in Days

NEW YORK TIMES

Until recently, Bill Hwang sat atop one of the biggest — and perhaps least known — fortunes on Wall Street. Then his luck ran out. read more »

SEC Promotes Investor Awareness During National Financial Capability Month

SEC

The Securities and Exchange Commission’s Office of Investor Education and Advocacy (OIEA) is embracing National Financial Capability Month as an opportunity to encourage all investors, especially first-timers or those relatively new to investing, to take the time to visit Investor.gov and utilize an array of resources to help them get acclimated. read more »

Attorney General James Secures $4.25 Million After Provider of Air Inflation Services and Owner Admit to Tired Scheme Evading Taxes

NEW YORK AG

New York Attorney General Letitia James today announced she has secured $4.25 million from a provider of air inflation services operating throughout New York, as well as its owner, after they were caught evading taxes. The agreement resolves claims that the Nassau County-based company Service Station Vending Equipment, Inc. (SSVE) — a provider of self-service, coin-operated air machines used to inflate automobile tires — and its owner, William McCabe, knowingly failed to pay sales tax due on sales of air inflation services, as well as engaged in fraudulent tax avoidance schemes by underreporting sales and paying workers off the books. read more »